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Journals / Business and Economics Research Journal / 2019 / Cilt: 10 - Sayı: 3

Energy Consumption and Economic Growth: Econometric Analysis for NIC Countries

Enerji Tüketimi ve Ekonomik Büyüme: NIC Ülkeleri için Ekonometrik Bir Analiz

FATMA KIZILKAYA
MEHMET DAĞ
Pages
587–596
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results show that the neutrality hypothesis is valid for Brazil, Indonesia, India, Mexico, Malaysia, Thailand, Turkey and South Africa, and the growth hypothesis is valid for China and Philippines.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Energy is considered a necessary and important input for social and economic development.
📊
Key Findings & Data:In this study, the causality relationship between energy consumption and growth in Newly Industrialized Countries (NIC) is analysed using annual data from the period 1971-2014.
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Conclusion & Impact:The results show that the neutrality hypothesis is valid for Brazil, Indonesia, India, Mexico, Malaysia, Thailand, Turkey and South Africa, and the growth hypothesis is valid for China and Philippines.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Domain Parameters

Abstract

Energy is considered a necessary and important input for social and economic development. Growth and energy consumption can cause each other. In this study, the causality relationship between energy consumption and growth in Newly Industrialized Countries (NIC) is analysed using annual data from the period 1971-2014. In this study, firstly the cross-sectional dependence of the series is investigated. The findings show that there is cross-sectional dependence in the series. Then the causality relationship between the series is examined using bootstrap causality test developed by Konya (2006). The results show that the neutrality hypothesis is valid for Brazil, Indonesia, India, Mexico, Malaysia, Thailand, Turkey and South Africa, and the growth hypothesis is valid for China and Philippines.

Özet

Enerji, sosyal ve ekonomik kalkınma için gerekli ve önemli bir girdi olarak kabul edilmektedir. Ekonomik büyüme ve enerji tüketimi birbirleri için neden olabilmektedir. 1971-2014 dönemi yıllık verilerin kullanıldığı bu çalışmada, Yeni Sanayileşmiş Ülkelerde (NIC) enerji tüketimi ve büyüme arasındaki nedensellik ilişkisi incelenmiştir. Çalışmada ilk olarak serilerin yatay kesit bağımlılığı araştırılmıştır. Bulgular yatay kesit bağımlılığının olduğunu göstermektedir. Sonraki aşamada, seriler arasındaki nedensellik ilişkisi Konya (2006) tarafından geliştirilen bootstrap nedensellik testi kullanılarak incelenmiştir. Sonuçlar, Brezilya, Endonezya, Hindistan, Meksika, Malezya, Tayland, Türkiye ve Güney Afrika için tarafsızlık hipotezinin; Çin ve Filipinler için ise büyüme hipotezinin geçerli olduğunu göstermektedir.

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Cite This Article

KIZILKAYA, F., DAĞ, M. (2019). Energy Consumption and Economic Growth: Econometric Analysis for NIC Countries. Business and Economics Research Journal, Cilt: 10 - Sayı: 3, 587–596. https://ajindex.com/articles/144775

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