Nexus Between the Energy Market, Industrialization, and Economic Growth in the Asia-Pacific Region

Abstract

This study investigates the nexus between the energy market and its determinants in eight countries from the Asia-Pacific region over 1994–2018. The results show energy demand, prices, economic growth and industrialization positively affect the energy supply. On the other hand, energy supply and growth and industrialization positively affect energy demand, and energy prices negatively affects energy demand. The study also suggests policy implications.