IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v6y2017i6p21-41.html
   My bibliography  Save this article

The Relationship Between Energy Consumption, Economic Growth, Inflation and Trade Openness: An Analysis for Fragile Five Countries

Author

Listed:
  • Asuman Koc Yurtkur

    (Iktisat Bolumu, Bulent Ecevit Universitesi, Zonguldak, Turkiye)

  • Bersu Bahtiyar

    (ktisat Bolumu, Bulent Ecevit Universitesi, Zonguldak, Turkiye)

Abstract

Energy is one of the most important dynamics of economic growth all over the world. Specially developing countries are in need of much more enery to provide economic growth. In this study, the relationship between energy consumption, economic growth, inflation and trade openness is exaimined by using structural VAR model for fragile five countries which have similar characteristics in terms of macroeconomic indicators. The analysis carried out with annual data that contains 1971-2013 period for fragile countries which contains of Turkey, South Africa, India, Indonesia and Brazil. According to the empirical results of the study, shocks that emerged in economic growth affect energy consumption positively but decreasingly in all countries. A substantial part of changes in energy consumption are explaned with economic growth in Turkey, India and Brazil. More than 80 percent of changes in energy consumption arise from energy consumption in South Africa and Indonesia. Key Words: Economic Growth, Energy Consumption, Structural VAR, Fragile Five

Suggested Citation

  • Asuman Koc Yurtkur & Bersu Bahtiyar, 2017. "The Relationship Between Energy Consumption, Economic Growth, Inflation and Trade Openness: An Analysis for Fragile Five Countries," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 6(6), pages 21-41, October.
    • Handle: RePEc:rbs:ijbrss:v:6:y:2017:i:6:p:21-41
    as

    Download full text from publisher

    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/55/57
    Download Restriction: no
    File URL: http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/55
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:6:y:2017:i:6:p:21-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.