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Empirical investigation on energy dependence-consumption nexus: Evidence from Turkish natural gas market

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  • Çetin, Tamer
  • Yüksel, Fatih

Abstract

Because energy dependence is an important issue for today’s energy markets, understanding its effect on the long-term relationships in the markets has crucial implications. We argue that dependence strongly affects the interaction between energy consumption and its determinants even if this market is regulated. To test this hypothesis, this paper empirically investigates the long-term dynamics among the related variables in the Turkish natural gas market, because the market is under regulation and Turkey is an energy dependence country in natural gas. The aim is to understand the effect of dependence on the long-term dynamics of natural gas consumption in Turkey. To this aim, we employ a simultaneous co-integration model with structural breaks. Our findings suggest that energy dependence strongly affects the long-term dynamics of gas consumption. Also, we find that governments intervene in price regulated by an independent regulator.

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  • Çetin, Tamer & Yüksel, Fatih, 2014. "Empirical investigation on energy dependence-consumption nexus: Evidence from Turkish natural gas market," Applied Energy, Elsevier, vol. 133(C), pages 243-251.
    • Handle: RePEc:eee:appene:v:133:y:2014:i:c:p:243-251
    DOI: 10.1016/j.apenergy.2014.07.062
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    References listed on IDEAS

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    1. Søren Johansen & Rocco Mosconi & Bent Nielsen, 2000. "Cointegration analysis in the presence of structural breaks in the deterministic trend," Econometrics Journal, Royal Economic Society, vol. 3(2), pages 216-249.
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    Cited by:

    1. Halim Tatli, 2018. "Multiple Determinants of Household Natural Gas Demand: A Panel Data Analysis in OECD Countries," Asian Development Policy Review, Asian Economic and Social Society, vol. 6(4), pages 243-253, December.
    2. Chang, Kai & Zhang, Chao, 2018. "Asymmetric dependence structure between emissions allowances and wholesale diesel/gasoline prices in emerging China's emissions trading scheme pilots," Energy, Elsevier, vol. 164(C), pages 124-136.
    3. Halim TATLI, 2022. "Long-term price and income elasticity of residential natural gas demand in Turkey," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(630), S), pages 101-122, Spring.

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