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Journals / Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2018 / Cilt: 36 - Sayı: 1

THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF LOW AND MIDDLE INCOME COUNTRIES

ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: DÜŞÜK VE ORTA GELİRLİ ÜLKELER ÖRNEĞİ

Mücahit AYDIN
Pages
1–15
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

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

Empirical results indicate that the hypothesis of neutrality is mostly valid for the countries included in the low and middle income groups.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the relationship between energy consumption and economic growth for low and middle income groups has been examined for the period 1971-2013.
📊
Key Findings & Data:For this purpose, the relationship between the variables is examined using Kónya panel causality test.
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Conclusion & Impact:Empirical results indicate that the hypothesis of neutrality is mostly valid for the countries included in the low and middle income groups.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Ekonomik büyüme · enerji tüketimi · panel nedensellik testi

Abstract

In this study, the relationship between energy consumption and economic growth for low and middle income groups has been examined for the period 1971-2013. For this purpose, the relationship between the variables is examined using Kónya panel causality test. Empirical results indicate that the hypothesis of neutrality is mostly valid for the countries included in the low and middle income groups. Moreover, the feedback hypothesis is valid only for Kenya. As a result, it can be said that the direction of the causality relationship between energy consumption and economic growth with country and time dimension.

Özet

Bu çalışmada enerji tüketimi ve ekonomik büyüme arasındaki ilişki düşük ve orta gelir grubu ülkeler için 1971-2013 dönemi verileri kullanılarak incelenmiştir. Bu amaçla değişkenler arasındaki ilişki Kónya panel nedensellik testi kullanılarak incelenmiştir. Ampirik sonuçlara göre düşük ve orta gelir grubuna dâhil ülkelerde çoğunlukla tarafsızlık hipotezinin geçerli olduğu görülmektedir. Geribildirim hipotezinin ise yalnızca Kenya için geçerli olduğu çalışmadan elde edilen bir başka sonuçtur. Sonuç olarak ekonomik büyüme ile enerji tüketimi arasındaki nedensellik ilişkisinin yönü için zaman ve ülke boyutuna göre farklılaşmalar olduğunu söylemek mümkündür.

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Cite This Article

AYDIN, M. (2022). THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF LOW AND MIDDLE INCOME COUNTRIES. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 36 - Sayı: 1, 1–15. https://ajindex.com/articles/533002

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