What does this research mean for the field?

In emerging market economies, there is a stable, long-run reciprocal relationship between financial development and total energy production capacity, despite asymmetric short-run adjustment dynamics. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

The study aims to explore how financial development affects total energy production in emerging market economies over two decades.

June 27, 2026CommoditiesOpen Access

Total Energy Production and Financial Development: Evidence from Selected EMEs

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Authors

CMCollen Mugodzva GMGodfrey Marozva MMMargaret Magwedere

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Overview

Examines financial development's influence on energy production in emerging market economies, suggesting a reciprocal relationship.

Key Points

The study aims to explore how financial development affects total energy production in emerging market economies over two decades.
Analyzed 20 emerging market economies from 2000 to 2020 using a balanced panel approach.
Employed a panel autoregressive distributed lag model with the Pooled Mean Group (ARDL–PMG) estimator.
Conducted robustness checks with a two-step System GMM estimator to address potential endogeneity.
Identified a stable long-run reciprocal relationship between financial development and energy production.
Short-run dynamics showed asymmetry, indicating adjustment frictions in energy sectors.
Robustness checks affirmed the main findings, highlighting significant relationships between financial systems and energy capacity.

Cite This Study

Mugodzva et al. (2026) studied this question.

synapsesocial.com/papers/6a3f69caaea7db3c195407c9 https://doi.org/10.3390/commodities5030013

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June 27, 2026CommoditiesOpen Access

Total Energy Production and Financial Development: Evidence from Selected EMEs

View Full Paper

Ask AI

Bookmark

Authors

CMCollen Mugodzva GMGodfrey Marozva MMMargaret Magwedere

Discussion

Member takes

Overview

Examines financial development's influence on energy production in emerging market economies, suggesting a reciprocal relationship.

Key Points

The study aims to explore how financial development affects total energy production in emerging market economies over two decades.
Analyzed 20 emerging market economies from 2000 to 2020 using a balanced panel approach.
Employed a panel autoregressive distributed lag model with the Pooled Mean Group (ARDL–PMG) estimator.
Conducted robustness checks with a two-step System GMM estimator to address potential endogeneity.
Identified a stable long-run reciprocal relationship between financial development and energy production.
Short-run dynamics showed asymmetry, indicating adjustment frictions in energy sectors.
Robustness checks affirmed the main findings, highlighting significant relationships between financial systems and energy capacity.

Cite This Study

Mugodzva et al. (2026) studied this question.

synapsesocial.com/papers/6a3f69caaea7db3c195407c9 https://doi.org/10.3390/commodities5030013

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