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Journals / Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi / 2019 / Cilt: 20 - Sayı: 2

ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES

Adem KARAKAŞ
Ülker ÇAM KARAKAŞ
Adem ÜZÜMCÜ
Pages
317–334
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

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

In the conclusion of the study, the findings that a change in energy import increases economic growth in a way that supports growth hypothesis, and the existence of bilateral causality between two variables in a way that confirms feedback hypothesis have been obtained.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In many studies analyzing the relationship between energy production or energy consumption, and economic growth; unilateral or bilateral causality relationship and mostly a cointegration relationship are discovered.
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Key Findings & Data:In this study, the relationship between the change in energy import and economic growth within the context of energy consumption in the sample of 23 net energy importer developed and developing countries has been tested with this purpose by using Pedroni (1999, 2004) panel cointegration test and Granger causality analysis.
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Conclusion & Impact:In the conclusion of the study, the findings that a change in energy import increases economic growth in a way that supports growth hypothesis, and the existence of bilateral causality between two variables in a way that confirms feedback hypothesis have been obtained.
🔬Design:Research Article
📍Scope:2004 Verileri
⚙️Variables:Domain Parameters

Abstract

In many studies analyzing the relationship between energy production or energy consumption, and economic growth; unilateral or bilateral causality relationship and mostly a cointegration relationship are discovered. Although quite a lot of studies about energy consumption and economic growth relationship have been done in the literature without making a distinction between energy importer and energy exporter countries; the number of studies that analysis the relationship between the change in energy import of net energy importer countries and economic growth is quite small. In this study, the relationship between the change in energy import and economic growth within the context of energy consumption in the sample of 23 net energy importer developed and developing countries has been tested with this purpose by using Pedroni (1999, 2004) panel cointegration test and Granger causality analysis. In the conclusion of the study, the findings that a change in energy import increases economic growth in a way that supports growth hypothesis, and the existence of bilateral causality between two variables in a way that confirms feedback hypothesis have been obtained.

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Cite This Article

KARAKAŞ, A., KARAKAŞ, Ü. Ç., ÜZÜMCÜ, A. (2022). ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES. Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, Cilt: 20 - Sayı: 2, 317–334. https://ajindex.com/articles/480588

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