The Effects of Globalization on renewable and non-renewable energy consumption: Case Study: Selected Developing Countries

Nowadays, globalization as an inevitably phenomenon changes the relations of production, financial relations, government relations and cultural characteristics, resulting increase in production and consumption of the countries. Move of developing countries towards economic openness and integration into the global economy leads to different results, which one of the most important changes is in the field of energy. In this paper the effect of the combined indices of globalization on the renewable energy consumption (power and nuclear energy) and nonrenewable (fossil fuels coal, petroleum and natural gas) has been studied for the 8 selected developing countries (especially Iran) during the period 2001 to 2015. In order to estimate the effects of variables, Panel ARDL technique has been employed. The estimation results show that globalization has positive effect on the renewable and nonrenewable energy consumption. This means that globalization leads to increase in consumption of renewable and nonrenewable energy