Structural breaks,electricity consumption and economic growth:Evidence from turkey
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Tarih
2010
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper investigates the short-run and long-run causality issues between electricity consumption and economic growth in Turkey by using the co-integration and vector error-correction models with structural breaks. It employs annual data covering the period 1968-2005. The study also explores the causal relationship between these variables in terms of the three error-correction based Granger causality models. The empirical results are as follows: i) Both variables are nonstationary in levels and stationary in the first differences with/without structural breaks, ii) there exists a long-run relationship between variables, iii) there is unidirectional causality running from the electricity consumption to economic growth. The overall results indicate that "growth hypothesis" for electricity consumption and growth nexus holds in Turkey. Thus, energy conservation policies, such as rationing electricity consumption, may harm economic growth in Turkey.
Açıklama
Anahtar Kelimeler
Causality, Cointe-gration, Economic growth, Electricity consumption, Structural breaks
Kaynak
Romanian Journal of Economic Forecasting
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
13
Sayı
2
