The Impact of Financial Development and Energy Prices on Turkey's Energy Consumption
Yazarlar (1)
Ismail Senturk
Makale Türü Özgün Makale (Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale)
Dergi Adı Journal of Energy and Environmental Policy Options
Dergi Tarandığı Indeksler
Makale Dili İngilizce Basım Tarihi 03-2023
Cilt / Sayı / Sayfa 6 / 1 / 24–29 DOI –
Makale Linki http://resdojournals.com/index.php/JEEPO/article/view/321
UAK Araştırma Alanları
İktisat Teorisi
Özet
This paper explores the intricate relationship between energy consumption, economic growth, energy prices, financial development, and trade openness in Turkey over the period from 1960 to 2020. Utilizing a comprehensive dataset and robust econometric techniques, the study aims to elucidate the long-term interactions among these critical economic variables. The findings reveal that economic growth and trade openness positively influence energy consumption in the long run. This positive relationship suggests that as Turkey's economy expands and integrates more deeply into global markets, the demand for energy correspondingly increases. Economic growth typically leads to greater industrial activity, higher production outputs, and improved living standards, all of which drive up energy consumption. Similarly, trade openness, by fostering international trade and economic activities, necessitates higher …
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BM Sürdürülebilir Kalkınma Amaçları
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