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The Relationship between Aggregated–Disaggregated Energy Consumption and Economic Growth in Turkey

Author

Listed:
  • Pata, Uğur Korkut

    (Karadeniz Technical University)

  • Terzi, Harun

    (Karadeniz Technical University)

Abstract

Energy is recognized as an important factor in the production process by capital and labor. Energy consumption has increased substantially in the world, especially since the Industrial Revolution and the 1973 oil crisis. In this study, the causality relationship between energy consumption (petroleum, electricity, per capita and total primary energy consumption, carbon dioxide emissions) and economic growth is estimated by using the JJ cointegration test, DLVAR, generalized impulse-response, and variance decomposition analyses for the Turkish economy for the 1972–2011 period. According to the results of the JJ cointegration test, there is no co-movement between energy consumption and economic growth in the long run, but the DLVAR analysis indicates that energy is an important input for the Turkish economy's steady growth in the short run. The findings lead to the conclusion that a positive unidirectional causality runs from petroleum, electricity, primary energy consumption, and carbon dioxide emissions to economic growth in the short run. The results of generalized impulse-response and variance decomposition analyses also support the results of the DLVAR analysis.

Suggested Citation

  • Pata, Uğur Korkut & Terzi, Harun, 2016. "The Relationship between Aggregated–Disaggregated Energy Consumption and Economic Growth in Turkey," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 7(4), pages 1-15, October.
    • Handle: RePEc:ris:buecrj:0244
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    Citations

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    Cited by:

    1. Cem Ișik & Munir Ahmad & Uğur Korkut Pata & Serdar Ongan & Magdalena Radulescu & Festus Fatai Adedoyin & Engin Bayraktaroğlu & Sezi Aydın & Ayse Ongan, 2020. "An Evaluation of the Tourism-Induced Environmental Kuznets Curve (T-EKC) Hypothesis: Evidence from G7 Countries," Sustainability, MDPI, vol. 12(21), pages 1-11, November.
    2. Fangming Xie & Chuanzhe Liu & Huiying Chen & Ning Wang, 2018. "Threshold Effects of New Energy Consumption Transformation on Economic Growth," Sustainability, MDPI, vol. 10(11), pages 1-14, November.
    3. Tuğay GÜNEL, 2019. "Relationship between CO2 Emission and Economic Growth in Turkic Countries: A Panel Causality Analysis," Sosyoekonomi Journal, Sosyoekonomi Society.

    More about this item

    Keywords

    Energy Consumption; Economic Growth; Dolado-Lütkepohl VAR; Causality; Turkey;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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