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Effects of Sectoral Energy Consumption on Economic Growth: The Case of Turkey (1972-2015)

Author

Listed:
  • Hanifi, Tuba

    (Nevsehir Hacıbektas Veli University)

  • Eser Ozen, Aysun

    (Nevsehir Hacıbektas Veli University)

Abstract

The aim of this study is to analyse the impact of energy consumption on economic growth in the basis of main sectors, between the years 1972-2015 in Turkey. The dependency between variables was tested by the method of Horizontal Cross Section (CD test), then the causality between energy consumption and Gross Domestic Product was analysed by using the heterogeneous panel test developed by Dumitrescu and Hurlin. Unidirectional causality from growth to energy consumption was found for Turkey. In terms of the main sectors, unidirectional causality from growth to energy consumption in the agricultural sector and bi-directional causality between growth and energy consumption in the services sector was found. In terms of the industrial sector, no causality was found.

Suggested Citation

  • Hanifi, Tuba & Eser Ozen, Aysun, 2018. "Effects of Sectoral Energy Consumption on Economic Growth: The Case of Turkey (1972-2015)," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 9(3), pages 499-512, July.
    • Handle: RePEc:ris:buecrj:0340
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    More about this item

    Keywords

    Energy Consumption; Economic Growth; Sectors; Causality; Turkey;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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