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Journals / Uluslararası İktisadi ve İdari İncelemeler Dergisi / 2021 / Sayı: 30

ENERGY CONSUMPTION AND ECONOMIC GROWTH: PANEL CAUSALITY ANALYSIS FOR UPPER MIDDLE INCOME COUNTRIES

ENERJİ TÜKETİMİ VE EKONOMİK BÜYÜME: ÜST ORTA GELİRLİ ÜLKELER İÇİN PANEL NEDENSELLİK ANALİZİ

Mücahit ÇAYIN
Pages
183–195
DOI
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AI Summary & Key Takeaways

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

Dumitrescu and Hurlin (2012) Panel Causality test showed that there is no causality from EC to EG however, it has been determined that there is causality at 5% meaning level from EG to EC.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Energy is still one of the important inputs of economic growth, as it was in the past.
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Key Findings & Data:The relationship between energy consumption (EC) and economic growth (EG) has been studied empirically, especially in the 1970s and this subject has been the subject of research with increasing interest.
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Conclusion & Impact:Dumitrescu and Hurlin (2012) Panel Causality test showed that there is no causality from EC to EG however, it has been determined that there is causality at 5% meaning level from EG to EC.
🔬Design:Research Article
📍Scope:2014 Verileri
⚙️Variables:Domain Parameters

Abstract

Energy is still one of the important inputs of economic growth, as it was in the past. Therefore, determining effective energy-related policies is extremely important in terms of countries economies. The relationship between energy consumption (EC) and economic growth (EG) has been studied empirically, especially in the 1970s and this subject has been the subject of research with increasing interest. However, it has been observed that there is no complete consensus for this relationship, which is analyzed under different hypotheses. In this study, the relationship between EC and EG was examined according to the data of 1993- 2014 period of 27 countries categorized as upper middle income countries by World Bank. Dumitrescu and Hurlin (2012) Panel Causality test showed that there is no causality from EC to EG however, it has been determined that there is causality at 5% meaning level from EG to EC.

Özet

Eskiden olduğu gibi günümüzde de ekonomik büyümenin önemli girdilerinden biri de enerjidir. Bu nedenle enerji ile ilgili etkin politikaların belirlenmesi ülkelerin ekonomileri açısından son derece önemlidir. Enerji tüketimi (ET) ve ekonomik büyüme (EB) arasındaki ilişki özellikle 1970`li yıllarla birlikte ampirik olarak ele alınmış ve giderek artan bir ilgiyle araştırma konusu olmuştur. Ancak çalışmalarda farklı hipotezler altında incelenen bu ilişki için tam bir fikir birliğinin oluşmadığı görülmüştür. Bu araştırmada da ET ve EB arasındaki ilişki, Dünya Bankası tarafından üst orta gelirli ülkeler olarak kategorize edilen ve verisine ulaşılan 27 ülkenin 1993-2014 dönemine ait verileri ile incelenmiştir. Dumitrescu ve Hurlin (2012) Panel Nedensellik testi kullanılan çalışmanın soncunda ET`den EB`ye doğru nedenselliğin olmadığı fakat EB`de ET`ye doğru %5 anlam seviyesinde nedenselliğin olduğu tespit edilmiştir.

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Cite This Article

ÇAYIN, M. (2021). ENERGY CONSUMPTION AND ECONOMIC GROWTH: PANEL CAUSALITY ANALYSIS FOR UPPER MIDDLE INCOME COUNTRIES. Uluslararası İktisadi ve İdari İncelemeler Dergisi, Sayı: 30, 183–195. https://ajindex.com/articles/357497

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