Energy Production And Economic Growth: Empirical Evidence From Turkey
AbstractHigh levels of energy prices and the promise of international initiatives on decreasing the greenhouse gas emissions have regenerated the argument about the execution of energy conservation policies. This paper investigates the causal relationship between aggregated and disaggregated levels of energy production, energy demand, energy import and economic growth for Turkey for the period of 1975–2007. The relationship between the energy production, energy demand, energy import and Gross Domestic Product is examined. To this end, Engle-Granger co-integration, Error Correction Model and Granger causality tests are applied in order to determine the aforementioned relation. It is found that the energy production has direct relationship with the GDP and it has causality effects.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 12 (2012)
Issue (Month): 2 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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