The causality between energy consumption and economic growth in Turkey
Yazarlar (3)
Prof. Dr. Gülistan ERDAL
Tokat Gaziosmanpaşa Üniversitesi, Türkiye
Prof. Dr. Hilmi ERDAL
Tokat Gaziosmanpaşa Üniversitesi, Türkiye
Tokat Gaziosmanpaşa Üniversitesi, Türkiye
| Makale Türü | Özgün Makale |
| Makale Alt Türü | SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale |
| Dergi Adı | Energy Policy |
| Dergi ISSN | 0301-4215 Wos Dergi Scopus Dergi |
| Dergi Tarandığı Indeksler | SSCI |
| Dergi Grubu | Q4 |
| Makale Dili | İngilizce |
| Basım Tarihi | 10-2008 |
| Cilt No | 36 |
| Sayı | 10 |
| Sayfalar | 3838 / 3842 |
| DOI Numarası | 10.1016/j.enpol.2008.07.012 |
| Makale Linki | http://linkinghub.elsevier.com/retrieve/pii/S0301421508003583 |
| Özet |
| This paper applies the causality test to examine the causal relationship between primary energy consumption (EC) and real Gross National Product (GNP) for Turkey during 1970-2006. We employ unit root tests, the augmented Dickey-Fuller (ADF) and the Philips-Perron (PP), Johansen cointegration test, and Pair-wise Granger causality test to examine relation between EC and GNP. Our empirical results indicate that the two series are found to be non-stationary. However, first differences of these series lead to stationarity. Further, the results indicate that EC and GNP are cointegrated and there is bidirectional causality running from EC to GNP and vice versa. This means that an increase in EC directly affects economic growth and that economic growth also stimulates further EC. This bidirectional causality relationship between EC and GNP determined for Turkey at 1970-2006 period is in accordance with the ones in literature reported for similar countries. 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. © 2008 Elsevier Ltd. All rights reserved. |
| Anahtar Kelimeler |
| Energy consumption | Economic growth | Granger causality |
Science Direct
The causality between energy consumption and economic growth in Turkey
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| WoS | 140 |
| SCOPUS | 187 |
| Google Scholar | 447 |