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A Dynamic Approach to Demand for Energy in Turkey

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  • Bilgili, Faik

Abstract

This paper looks for the possible outcomes of the determinants of demand for electricity in Turkey. All variables are in per capita. Determinants are electricity production, price index of electricity and income, respectively. Electricity consumption is classified into residential and commercial electricity consumption and industrial electricity consumption. By employing Vector Error Correction Models (VECM) and impulse-responses for electricity consumptions, this paper results in a reduced form indicating that electricity consumption is affected by only electricity production in the long run for the annual period of 1954-2003.

Suggested Citation

  • Bilgili, Faik, 2006. "A Dynamic Approach to Demand for Energy in Turkey," MPRA Paper 24038, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:24038
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    References listed on IDEAS

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    Cited by:

    1. Noel Alter & Shabib Haider Syed, 2011. "An Empirical Analysis of Electricity Demand in Pakistan," International Journal of Energy Economics and Policy, Econjournals, vol. 1(4), pages 116-139.
    2. Kwon, Sanguk & Cho, Seong-Hoon & Roberts, Roland K. & Kim, Hyun Jae & Park, KiHyun & Edward Yu, Tun-Hsiang, 2016. "Short-run and the long-run effects of electricity price on electricity intensity across regions," Applied Energy, Elsevier, vol. 172(C), pages 372-382.

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    More about this item

    Keywords

    Electricity consumption; cointegration; VECM; generalized impulse-response;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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