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Journals / Ankara Üniversitesi SBF Dergisi / 2015 / Cilt: 70 - Sayı: 3

The Causality Relationship Between Oil Consumption and Economic Growth in Turkey

Türkiye'de Petrol Tüketimi ve Ekonomik Büyüme Arasındaki Nedensellik İlişkisi

Sefer UÇAK
Akın USUPBEYLİ
Pages
769–787
Publication Date
2015-11-03
DOI
—
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AI Summary & Key Takeaways

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

The empirical results suggest that oil consumption and GDP are not cointegrated and there is no evidence of causality between these two variables.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Energy is one of the most important main inputs for the promoting economic growth.
📊
Key Findings & Data:This study attempts to empirically examine the short and the long run relationship between oil consumption and the reel gross domestic production (GDP) in the case of Turkey using the time series data for the period 1971-2013.
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Conclusion & Impact:The empirical results suggest that oil consumption and GDP are not cointegrated and there is no evidence of causality between these two variables.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Petrol Tüketimi · Ekonomik Büyüme · Nedensellik

Abstract

Energy is one of the most important main inputs for the promoting economic growth. Most of the energy needed by the countries is mostly supplied by the sources called fossil fuel. For this reason, numbers of studies examine the linear relationship between the oil consumption and economic growth. The direction of the causality found in these studies guides the countries in their economic policies. This study attempts to empirically examine the short and the long run relationship between oil consumption and the reel gross domestic production (GDP) in the case of Turkey using the time series data for the period 1971-2013. Granger causality and Johansen cointegration test are used in order to analyze the relationship between these variables. The empirical results suggest that oil consumption and GDP are not cointegrated and there is no evidence of causality between these two variables. The main conclusion of this study is that the neutrality hypothesis is prevail for Turkey

Özet

Enerji, ekonomik büyümenin sağlanması açısından en önemli girdilerin başında gelmektedir. Dünya ülkeleri tarafından enerji ihtiyacının önemli bir kısmı fosil yakıtlar tarafından sağlanmaktadır. Bu nedenle ülkelerin petrol tüketimleri ile ekonomik büyümeleri arasındaki doğrusal ilişki birçok akademik çalışmada incelenmiş ve test edilmiştir. Bulunan sonuçlardaki nedensellik ilişkisinin yönü ülkelerin ekonomi politikalarına ışık tutmuştur. Bu çalışmada, Türkiye için 1971-2013 döneminde petrol tüketimi ile ekonomik büyüme (reel GSYH) arasındaki kısa-uzun dönemli ilişki test edilmiştir. Değişkenler arasındaki ilişkinin analizi için Granger nedensellik ve Johansen eş-bütünleşme uygulanmıştır. Bu serilerle yapılan analizlerde, eş-bütünleşme ilişkisi bulunamamış ve Türkiye’de petrol tüketimi ile ekonomik büyüme arasında nedensellik ilişkisine rastlanmamıştır. Türkiye’de petrol tüketimi ve büyüme ilişkisi için yansızlık hipotezi geçerlidir.

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Cite This Article

UÇAK, S., USUPBEYLİ, A. (2015). The Causality Relationship Between Oil Consumption and Economic Growth in Turkey. Ankara Üniversitesi SBF Dergisi, Cilt: 70 - Sayı: 3, 769–787. https://ajindex.com/articles/380686

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