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Journals / Finans Politik ve Ekonomik Yorumlar / 2015 / Sayı: 605

The Relationship Between Energy Consumption, Economic Growth and Openness in Turkey: an ARDL Model

Türkiye’de Enerji Tüketimi, Ekonomik Büyüme ve Dışa Açıklık İlişkisi: ARDL Modeli

Mustafa ÖZÇAĞ
Pages
7–17
Publication Date
2015-07-01
DOI
—
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AI Summary & Key Takeaways

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

But, a positive and statistically significant relationship between final energy consumption and gross domestic product growth exists in the long and short term

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The main objective of this study is determine the relationship between final energy consumption, economic growth and openness in Turkey.
📊
Key Findings & Data:For this purpose, we tested a model using data for 1960-2013 period.
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Conclusion & Impact:But, a positive and statistically significant relationship between final energy consumption and gross domestic product growth exists in the long and short term
🔬Design:Modeling & Simulation
📍Scope:2013 Verileri
⚙️Variables:Nihai enerji tüketimi · ekonomik büyüme · dışa açıklık

Abstract

The main objective of this study is determine the relationship between final energy consumption, economic growth and openness in Turkey. For this purpose, we tested a model using data for 1960-2013 period. All of the variables that we have used in this study do not have the same degree of stability. For this reason, we have applied the Bounds Test approach. As a result of the analysis, a cointegration relationship has been identified between final energy consumption, gross domestic product growth and openness. According to the long run ARDL Model (Autoregressive Distributed Lag Model) and the short run Error Correction Model, the relationship between final energy consumption and openness was statistically insignificant. But, a positive and statistically significant relationship between final energy consumption and gross domestic product growth exists in the long and short term

Özet

Çalışmanın temel amacı Türkiye’de nihai enerji tüketimi ile ekonomik büyüme ve dışa açıklık arasındaki ilişkinin belirlenmesidir. Bu amaca yönelik olarak, 19602013 dönemine ilişkin veriler kullanılmıştır. Kullanılan değişkenlerin tamamının aynı derecede durağanlığa sahip olmamaları nedeniyle Sınır Testi yaklaşımı tercih edilmiştir. Yapılan analizler sonucunda, nihai enerji tüketimi, gayri safi yurtiçi hâsıla artışı ve dışa açıklık değişkenleri arasında eş bütünleşme ilişkisinin bulunduğu tespit edilmiştir. Uzun dönem için kurulan ARDL modeli ve kısa dönem analizi için oluşturulan Hata Düzeltme Modeli sonuçlarına göre; incelenen dönem içerisinde Türkiye’de nihai enerji tüketimi ve dışa açıklık arasında istatistiksel olarak anlamlı sonuç bulunmazken, her iki dönemde nihai enerji tüketimi ve gayri safi yurtiçi hâsıla artışı arasında pozitif ve anlamlı sonuçlara ulaşılmıştır

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Cite This Article

ÖZÇAĞ, M. (2015). The Relationship Between Energy Consumption, Economic Growth and Openness in Turkey: an ARDL Model. Finans Politik ve Ekonomik Yorumlar, Sayı: 605, 7–17. https://ajindex.com/articles/989260

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