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Journals / Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi / 2020 / Cilt: 8 - Sayı: İktisadi ve İdari Bilimler

The Relationship between Political Instability, Energy Security and Economic Growth: An Empirical Analysis on the Middle Eastern Countries

Politik İstikrarsızlık, Enerji Güvenliği ve Ekonomik Büyüme İlişkisi: Orta Doğu Ülkeleri Üzerine Ampirik Bir İnceleme

Gökhan KARTAL
Serdar ÖZTÜRK
Pages
65–78
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

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

Panel cointegration results show that there is long-term relationship between variables.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, it is aimed to examine the relationship between political instability, energy security andeconomic growthbetween1996-2014inselected15Middle Easterncountries.
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Key Findings & Data:According to the panel FMOLS results, while 1% increase in energy security risk decreases per capita GDP by 0.41%, 1% increase in political stability increases per capita GDP by 0.25%.
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Conclusion & Impact:Panel cointegration results show that there is long-term relationship between variables.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this study, it is aimed to examine the relationship between political instability, energy security andeconomic growthbetween1996-2014inselected15Middle Easterncountries. Panel cointegration results show that there is long-term relationship between variables. According to the panel FMOLS results, while 1% increase in energy security risk decreases per capita GDP by 0.41%, 1% increase in political stability increases per capita GDP by 0.25%. According to One-Way Fixed Effect Panel LS (based on period), while 1% increase in energy security risk decreases per capita GDP by 0.62%, 1% increase in political stability increases per capita GDP by 0.35%. The Panel Granger Causality results show that there is bi-directional causality relationship between energy security and GDP per capita, one-way causality relationship from energy security to political stability and from GDP per capita to political stability. Accordingly, in this study have been concluded that energy security and political stability are an important policy issue in the Middle Eastern economies.

Özet

Bu çalışmada,seçili 15Orta Doğu ülkesinde1996-2014 yılları arasında politik istikrarsızlık, enerji güvenliği ve ekonomik büyüme ilişkisinin incelenmesi amaçlanmıştır. Panel eşbütünleşme sonuçları değişkenler arasında uzun dönemli ilişkinin varlığını göstermektedir. Panel FMOLS sonuçlarına göre enerji güvenliği riskinde %1 artış kişi başı GSYH’yi %0,41 düşürürken, politik istikrardaki %1 artış kişi başı GSYH’yi %0,25 artırmaktadır. Tek Yönlü Sabit Zaman Etkili Panel EKK sonuçlarına göre enerji güvenliği riskinde%1 artış kişi başı GSYH’yi %0,62 düşürürken, politik istikrardaki %1 artış kişi başı GSYH’yi %0,35 artırmaktadır. Panel Granger Nedensellik sonuçları iseenerji güvenliği ile kişi başı GSYH arasında çift yönlü; enerji güvenliğinden politik istikrara ve kişibaşı GSYH’den politik istikrara tek yönlü nedenselliği göstermektedir. Bu doğrultuda bu çalışmada enerji güvenliği ve politik istikrarın Orta Doğu ekonomilerinde önemli bir politika meselesi olduğu sonucuna varılmıştır.

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Cite This Article

KARTAL, G., ÖZTÜRK, S. (2022). The Relationship between Political Instability, Energy Security and Economic Growth: An Empirical Analysis on the Middle Eastern Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, Cilt: 8 - Sayı: İktisadi ve İdari Bilimler, 65–78. https://ajindex.com/articles/439870

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