ENERGY CONSUMPTION AND ECONOMIC GROWTH IN TURKEY: COINTEGRATION AND CAUSALITY ANALYSIS

Basit Öğe Kaydı
dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorKaplan, Muhittin
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorKalyoncu, Huseyin
dc.date.accessioned2025-03-07T20:14:30Z
dc.date.available2025-03-07T20:14:30Z
dc.date.issued2011
dc.departmentÇağ Üniversitesi
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.
dc.identifier.endpage41
dc.identifier.issn1582-6163
dc.identifier.issue2
dc.identifier.startpage31
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2934
dc.identifier.volume14
dc.identifier.wosWOS:000292851100003
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherInst Economic Forecasting
dc.relation.ispartofRomanian Journal of Economic Forecasting
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectEnergy consumption
dc.subjectEconomic growth
dc.subjectCausality
dc.subjectCointegration
dc.subjectTurkey
dc.titleENERGY CONSUMPTION AND ECONOMIC GROWTH IN TURKEY: COINTEGRATION AND CAUSALITY ANALYSIS
dc.typeArticle

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu