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The Effects of Energy Imports: The Case of Turkey

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Author Info
erdogdu, oya safinaz

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Abstract

It is seen that many developed nations are taking serious actions to use domestic rather than imported energy resources. Contrary, Turkey -a developing country- is getting more dependent on imported resources of energy, such as natural gas. This study analyses the consequences of this policy on some macroeconomic variables. Granger causality test statistics are calculated to search for relations between total energy consumption / imported energy resources and gross domestic product, industrial production index or private sector fixed investment. The results indicate that although total and imported quantity of energy affects gross domestic product, the national income, the origin of energy resource –such as being domestic or not – does not effect industrial production. As for the determinants of energy imports the test statistics indicate that private sector investment Granger causes energy imports.

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File URL: http://mpra.ub.uni-muenchen.de/5413/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5413.

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Date of creation: Nov 2007
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Handle: RePEc:pra:mprapa:5413

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Related research
Keywords: Energy consumption Granger causality VAR

Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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  2. Francesca Lotti & Enrico Santarelli & Marco Vivarelli, 2003. "Does Gibrat's Law hold among young, small firms?," Journal of Evolutionary Economics, Springer, vol. 13(3), pages 213-235, August. [Downloadable!] (restricted)
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  6. Pascal Belan & Philippe Michel & Bertrand Wigniolle, 2007. "Capital Accumulation, Welfare, and the Emergence of Pension-Fund Activism," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 63(1), pages 54-82, March. [Downloadable!] (restricted)
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  7. David Roodman, 2003. "XTABOND2: Stata module to extend xtabond dynamic panel data estimator," Statistical Software Components S435901, Boston College Department of Economics, revised 14 May 2008. [Downloadable!]
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