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Does Sectoral Energy Consumption Depend on Trade, Monetary, and Fiscal Policy Uncertainty? Policy Recommendations Using Novel Bootstrap ARDL Approach

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dc.contributor.author Bhowmik, Roni
dc.contributor.author Durani, Farah
dc.contributor.author Sarfraz, Muddassar
dc.contributor.author Syed, Qasim Raza
dc.contributor.author Nasseif, Ghadah
dc.date.accessioned 2024-05-18T05:13:11Z
dc.date.available 2024-05-18T05:13:11Z
dc.date.issued 2023-09-19
dc.identifier.uri http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/12406
dc.description.abstract Since the inception of the twenty-first century, there has been a profound upsurge in economic policy uncertainty (EPU) with several economic and environmental impacts. Although there exists a growing body of literature that probes the economic effects of EPU, the EPU-energy nexus yet remains understudied. To fill this gap, the current study probes the impact of disaggregated EPU (i.e., monetary, fiscal, and trade policy uncertainty) on energy consumption (EC) in the USA covering the period 1990M1-2020M12. In particular, we use sectoral EC (i.e., energy consumed by the residential sector, the industrial sector, the transport sector, the electric power sector, and the commercial sector) in consort with total EC. The findings from the bootstrap ARDL approach document that monetary policy uncertainty (MP) plunges EC, whereas trade (TP) and fiscal policy uncertainty (FP) escalate EC in the long run. On the contrary, there is a heterogeneous impact of FP and MP across sectors in the short run, while TP does not affect EC. Keeping in view the findings, we propose policy recommendations to achieve numerous Sustainable Development Goals. en_US
dc.language.iso en_US en_US
dc.publisher Springer en_US
dc.subject Energy consumption en_US
dc.subject Fiscal policy en_US
dc.title Does Sectoral Energy Consumption Depend on Trade, Monetary, and Fiscal Policy Uncertainty? Policy Recommendations Using Novel Bootstrap ARDL Approach en_US
dc.type Article en_US


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