THE CAUSAL RELATIONSHIP BETWEEN ELECTRICITY CONSUMPTION AND GDP IN TURKEY: EVIDENCE FROM ARDL BOUNDS TESTING APPROACH
Yükleniyor...
Tarih
2010
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This paper investigates the long-run and causal relationship between electricity consumption and economic growth in Turkey by using the ARDL cointegration test and Granger causality models. It employs annual data covering the period of 1977-2006. The ARDL cointegration test yields evidence of a long-run relationship between electricity consumption per capita and real GDP per capita. The results from the Granger causality models indicate that there is an evidence of unidirectional causality running from the electricity consumption to economic growth in the long-run. The overall results confirm the Growth hypothesis for Turkey. This implies that, energy conservation policies, such as rationing electricity consumption, are likely to have an adverse effect on real GDP of Turkey.
Açıklama
Anahtar Kelimeler
Electricity consumption, Economic growth, ARDL bounds testing
Kaynak
Economic Research-Ekonomska Istrazivanja
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
23
Sayı
2
