Energy consumption and economic growth in Turkey: Cointegration and causality analysis

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dc.contributor.authorKaplan, Muhittin
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorKalyoncu, Hüseyin
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:25:47Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:25:47Z
dc.date.issued2011
dc.departmentMeslek Yüksekokuluen_US
dc.description.abstractThis paper examines the causal relationship between energy consumption and economic growth for Turkey during 1971-2006. We employed two multivariate models, namely demand model and production model, based on vector error correction model. Then, we tested Granger causality after finding cointegration among variables for the both models. The results indicate that energy consumption and economic growth are cointegrated and there is bidirectional causality running from energy consumption to economic growth and vice versa. This means that an increase in energy consumption directly affects economic growth and that economic growth also stimulates further energy consumption. Consequently, we conclude that energy is a limiting factor to economic growth in Turkey and, hence, shocks to energy supply will have a negative impact on economic growth and vice versa.en_US
dc.identifier.endpage41en_US
dc.identifier.issn1582-6163
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-79960934934
dc.identifier.scopusqualityQ2
dc.identifier.startpage31en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12507/445
dc.identifier.volume14en_US
dc.indekslendigikaynakScopus
dc.language.isoen
dc.relation.ispartofRomanian Journal of Economic Forecasting
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCausalityen_US
dc.subjectCointegrationen_US
dc.subjectEconomic Growthen_US
dc.subjectEnergy Consumptionen_US
dc.subjectTurkeyen_US
dc.titleEnergy consumption and economic growth in Turkey: Cointegration and causality analysis
dc.typeArticle

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