THE RELATIONSHIP BETWEEN ECONOMIC GROWTH, ENERGY CONSUMPTION AND TRADE OPENNESS: THE CASE OF SHANGHAI COOPERATION ORGANISATION COUNTRIES

This paper aims to analyze the relationship between energy consumption, trade openness and economic growth for countries of Shanghai Cooperation Organization that have started follow open foreign policies with transition market economy since early 1990s. The study examines validity aspect variables eight studied covering period 1990-2018 by using panel causality, cointegration vector error correction model methods. According results study, there is a causal among three mentioned. While bidirectional causality consumption; unilateral consumption from consumption. support long-term equilibrium variables, but direction are different in short term. Therefore, periodic differences need be taken into consideration when determining will implemented process these countries’ policymakers.