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The Relationship Between Energy Consumption and Economic Growth: Evidence From A Structural Break Analysis For Turkey

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  • Mustafa SAATCÝ

    (Nuh Naci Yazgan University, Faculty of Economics and Administrative Sciences, Kayseri, Turkey)

  • Yasemin DUMRUL

    (Usak University, Faculty of Economics and Administrative Sciences, Usak, Turkey)

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    Abstract

    In this study the aim was to investigate empirically the role of energy consumption in economic growth for the Turkish economy. The data used include annual energy consumption and economic growth series from 1960 to 2008. We used aggregate as well as various disaggregate data on energy consumption, including, oil, electricity, coal and renewable energy. Our contribution is that we take a structural breaks modeling approach in this paper. In the literature, the Kejriwal cointegration test has not been applied to date. The main conclusion of the study was that Turkey’s energy consumption and economic growth has a positive relationship varying quantity with structural breaks.

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    Bibliographic Info

    Article provided by Econjournals in its journal International Journal of Energy Economics and Policy.

    Volume (Year): 3 (2013)
    Issue (Month): 1 ()
    Pages: 20-29

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    Handle: RePEc:eco:journ2:2013-01-3

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    Web page: http://www.econjournals.com

    Related research

    Keywords: Energy Consumption; Economic Growth; Cointegration with Structural Breaks; Turkey;

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    References

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    Cited by:
    1. HFrance Krizanic & Zan Jan Oplotnik, 2013. "Market Changes, Business Cycles and Fluctuations in Electricity Prices - EU Evidence from Germany and Slovenia," International Journal of Energy Economics and Policy, Econjournals, vol. 3(2), pages 118-126.
    2. Hatice Karahan & Mehmet Toptas, 2013. "Pricing Electric Power under a Hybrid Wholesale Mechanism: Evaluating the Turkish Electricity Market," International Journal of Energy Economics and Policy, Econjournals, vol. 3(3), pages 221-228.

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