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Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2018 / Cilt: 0 - Sayı: 15

The Relation between Economic Growth and Energy Consumption in BRICS and MINT Countries

BRICS ve MINT Ülkelerinde Ekonomik Büyüme ve Enerji Tüketimi İlişkisi

Menşure KOLÇAK
Gürkan BOZMA
Rahman AYDIN
Pages
323–338
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

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

According to the cointegration test, there is a cointegrating relationship between economic growth and energy consumption for BRICS and MINT countries.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The relations between economic growth and energy consumption are being discussed extensively in the literature.
📊
Key Findings & Data:In this study, the relationship between energy consumption and economic growth for BRICS and MINT countries was investigated using the Westerlund 2008 cointegration tests for the period 1990-2014.
💡
Conclusion & Impact:According to the cointegration test, there is a cointegrating relationship between economic growth and energy consumption for BRICS and MINT countries.
🔬Design:Research Article
📍Scope:2008 Verileri
⚙️Variables:Ekonomik büyüme · enerji tüketimi · BRICS

Abstract

The relations between economic growth and energy consumption are being discussed extensively in the literature. However, there is no conclusive evidence for the relationship between these two variables. In recent years, researchers have been studying these relationships in developing countries. In this study, the relationship between energy consumption and economic growth for BRICS and MINT countries was investigated using the Westerlund 2008 cointegration tests for the period 1990-2014. According to the cointegration test, there is a cointegrating relationship between economic growth and energy consumption for BRICS and MINT countries.

Özet

Ekonomik büyüme ve enerji tüketimi arasındaki ilişki literatürde yoğunlukla tartışılmaktadır. Fakat ele alınan ülkeler açısından bu iki değişken arasındaki ilişkiye dair kesin bir kanı bulunmamaktadır. Son dönemlerde araştırmacılar ağırlıklı olarak gelişmekte olan ülkelerde bu ilişkileri incelemektedir. Bu çalışmada 1990-2014 dönemine ait yıllık veri seti kullanılarak BRICS ve MINT ülkelerinde enerji tüketimi ve ekonomik büyüme arasındaki ilişkiler Westerlund 2008 eşbütünleşme testi kullanılarak ortaya çıkarılmaya çalışılmıştır. Eşbütünleşme testine göre BRICS ve MINT ülkeleri için ekonomik büyüme ve enerji tüketimi arasında eşbütünleşik bir ilişki olduğu tespit edilmiştir.

🔖

Cite This Article

KOLÇAK, M., BOZMA, G., AYDIN, R. (2022). The Relation between Economic Growth and Energy Consumption in BRICS and MINT Countries. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 15, 323–338. https://ajindex.com/articles/538904

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