Multivariate Granger Causality between Electricity Generation, Exports, Prices and Economic Growth in Turkey
AbstractThis study is the first employing annual data for Turkey from 1970 to 2010 to examine the short and long-run causal relationship between economic growth, electricity generation, exports and prices in a multivariate model. According to the bounds test results, when electricity generation and economic growth are the dependent variable there are two cointegrating relationships. According to the results, long-run equilibrium relationship and long-term causality are found between economic growth, electricity generation, export and price. Hence, in the short-run, there are bi-directional causalities between economic growth- electricity generation, economic growth-export and electricity generation-export with feedback effect.
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Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Energy Economics and Policy.
Volume (Year): 3 (2013)
Issue (Month): Special ()
Pages: 41 - 51
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Web page: http://www.econjournals.com
Electricity generation; economic growth; bounds testing; Granger causality; Turkey;
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
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