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A Multivariate Causality Analysis of Economic Growth and Electricity Consumption in Turkey

Author

Listed:
  • Halil Altintas

    (Faculty of Economics and Administrative Sciences. Erciyes University, Kayseri, Turkey)

  • Kassouri Yacouba

    (PhD (c), Department of Economics. Erciyes University, Kayseri, Turkey)

Abstract

This study uses time series data to examine the long-run and short-run effects of electricity consumption, real GDP per capita, exports and financial development in Turkey between 1970-2011. The study adopted structural break unit root test, ARDL bounds tests methods to test cointegration to achieve robust results. Inter-variable causal relationships were determined using the Toda and Yamamoto (1995) framework. The findings were that electricity consumption, financial development and exports are cointegrated in the long run. Following this development, financial development was found to create a significant increase in both economic growth and electricity consumption in Turkey. The findings were that electricity consumption positively impacts on the economic growth in addition to the fact that bidirectional causality between economic growth and electricity consumption were established. These results also support that, feedback hypothesis is confirmed in Turkey.

Suggested Citation

  • Halil Altintas & Kassouri Yacouba, 2017. "A Multivariate Causality Analysis of Economic Growth and Electricity Consumption in Turkey," Energy Economics Letters, Asian Economic and Social Society, vol. 4(2), pages 9-19, June.
  • Handle: RePEc:asi:eneclt:2017:p:9-19
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    Cited by:

    1. Mohd Haizam Mohd Saudi & Obsatar Sinaga & Djoko Roespinoedji & Mohd Shahril Ahmad Razimi, 2019. "Environmental Sustainability in the Fourth Industrial Revolution: The Nexus between Green Product and Green Process Innovation," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 363-370.

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