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Journals / Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2012 / Cilt: 31 - Sayı: 1

The impact of energy consumption on economic growth: The case of Turkey

Enerji tüketiminin ekonomik büyüme üzerindeki etkisi: Türkiye örneği

MURAT ÇETİN
FAHRİ SEKER
Pages
85–106
DOI
—
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AI Summary & Key Takeaways

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

This results mean that energy shortness can affect economic growth negatively in Turkey.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The relationship between energ}' consumption and economic growth has attracted a lot of interest from policy makers and researchers.
📊
Key Findings & Data:This study examines the link between energy consumption and economic growth for Turkish Economy over period 1970-2009 by employing^ Johansen-Juselius and Stock-Watson cointegration tests and Toda-Yamamoto causality tests.
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Conclusion & Impact:This results mean that energy shortness can affect economic growth negatively in Turkey.
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

The relationship between energ}' consumption and economic growth has attracted a lot of interest from policy makers and researchers. Empirical evidence linking this relationship has been mixed and inconclusive. This study examines the link between energy consumption and economic growth for Turkish Economy over period 1970-2009 by employing^ Johansen-Juselius and Stock-Watson cointegration tests and Toda-Yamamoto causality tests. The results of cointegration tests show that there is a coinlegraiioit relationship between variables. In other words, energy consumption has a positive and strong affect on economic growth. Farther, the results of Toda-Yamamoto test indicate that (here is no causal relationship between energy consumption and economic growth. This results mean that energy shortness can affect economic growth negatively in Turkey.

Özet

Enerji tüketimi ve ekonomik büyüme arasındaki ilişki, politika yapıcıları vt: araştırmacıların yoğun ilgisini çekmektedir. Bu ilişkiyi ortaya koyan ampirik kanıtlar karmaşıktır ve ikna edici değildir. Bu çalışmada, Johansen-Juselius ve Stock-Watson eşbütünleşme testleri ile Toda-Yamamoto nedensellik testleri kullanılarak, enerji tüketimi ile ekonomik büyüme arasındaki ilişki Türkiye ekonomisi bağlamında 1970-2009 periyodunda incelenmektedir. Eşbütünleşme test sonuçları, değişkenler arasında bir eşbütünleşme ilişkisinin varlığını ortaya koymaktadır. Başka bir ifadeyle, enerji tüketimi ekonomik büyüme üzerinde pozitif ve güçlü bir etkiye sahiptir. Ayrıca Toda-Yamamoto test sonuçları enerji tüketimi ile ekonomik büyüme arasında her hangi bir nedensellik ilişkisinin olmadığını göstermektedir. Bu sonuçlar, Türkiye'de enerji darlığının ekonomik büyümeyi negatif olarak etkiliyebileceğini ifade etmektedir.

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Cite This Article

ÇETİN, M., SEKER, F. (2012). The impact of energy consumption on economic growth: The case of Turkey. Uludağ Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 31 - Sayı: 1, 85–106. https://ajindex.com/articles/326665

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