The causal relatıonshıp between energy consumptıon and gdp ın turkey
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Dosyalar
Tarih
2013
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
MULTI-SCIENCE PUBL CO LTD
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This paper attempts to investigate the short-run and long-run relationship and causality between energy consumption and economic growth during 1960-2006 period for Turkey. Johansen and Juselius cointegration method and vector error correction model (VECM) have been employed to examine this issue. After finding cointegration among variables, a VECM is estimated and the Granger causality tests were carried out based on a VECM. The results have shown that there is no short-run causality in both energy consumption and GDP models. The results also confirmed that there is unidirectional long-run causality among variables of interest and the direction of long-run causality is running from per capita GDP to per capita energy consumption. As a result, conservation hypothesis which postulates unidirectional causality from economic growth to energy consumption is confirmed for Turkey. Taken together, these empirical findings involve valuable information for policy makers.
Açıklama
WOS: 000323800400005
Anahtar Kelimeler
Energy Consumption, Economic Growth, Causality, Turkey
Kaynak
Energy & Envıronment
WoS Q Değeri
Q4
Scopus Q Değeri
Q1
Cilt
24
Sayı
5
