Impact of Financial Development and Economic Growth on Energy Consumption in Developing Countries of Asia

This study investigates the impact of financial development and economic growth on energy consumption by controlling variables such as urbanization globalization in developing countries Asia for era 1991-2019. Data related to development, growth, is collected from World Development Indicator data Konjunkturforschungsstelle (KOF) index globalization. In this research Dynamic seemingly unrelated regression model applied test hypothesis. According outcomes DSUR positively substantial increase 1 unit brings 3.07% rise consumption, effect GDP influential 0.29% influence unfavorable but decrease 15.57% consumption. Moreover, positive considerable, 11.54% there two way connections among development. Asian should adopt conservation policies.