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Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach1

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Listed:
  • Mahmut ZORTUK
  • Semih KARACAN
  • Noyan AYDIN

Abstract

In this study, impacts of energy consumption on economic growth is investigated for transition economies case. For this purpose, Unconditional Panel Quantile regression (UQR) approach proposed by Firpo, Fortin and Lemieux (2009) is applied, using panel data from 13 selected transition countries between 1996 and 2014. Results show that the impact of energy consumption increases until the 40. Quantile apart from the decrease between 10. to 20. quantiles and then starts to decrease rapidly. This reverse U shaped change may be due to sectoral policy changes.

Suggested Citation

  • Mahmut ZORTUK & Semih KARACAN & Noyan AYDIN, 2017. "Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach1," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(34).
    • Handle: RePEc:sos:sosjrn:170409
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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