In this study, the causality relationship between financial development and energy consumption of countries is researched. In the context of the study, 57 countries from 4 different continents are examined and the annual data of these countries in the period 1971-2010 is used. Deposit money bank assets to GDP (Fin1), financial system deposits to GDP (Fin2) and private credit to GDP (Fin3) are determined as three different financial indicators. The data of energy consumption is used as kg of oil equivalent per capita
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