Financial Markets and Electricity Consumption Nexus in Russia

Authors

  • Alexander Bass Financial university under the Government of Russian Fedeariton

Abstract

This paper investigates the nexus between development of financial markets and electricity consumption in case of Russia.  According to the hypothesis, we assume that financial markets development gives birth to an increased level of electricity consumption. Also we incorporate economic growth and urbanization as important variables for model's specification. The hypothesis is tested on example of Russia for the period 1990-2016. The results confirm the hypothesis. We found that economic growth, urbanization and financial markets development positively affect the electricity consumption both in the long and short run.Keywords: Financial market, electricity consumption, urbanization, economic growth JEL Classifications:   D53; Q41, P25; O47

Downloads

Download data is not yet available.

Author Biography

Alexander Bass, Financial university under the Government of Russian Fedeariton

PhD in Economics, Department of financial markets and banks, Associate Professor

Downloads

Additional Files

Published

2018-05-08

How to Cite

Bass, A. (2018). Financial Markets and Electricity Consumption Nexus in Russia. International Journal of Energy Economics and Policy, 8(3), 82–86. Retrieved from https://econjournals.com./index.php/ijeep/article/view/6285

Issue

Vol. 8 No. 3 (2018)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.