Electricity consumption-growth nexus: Evidence from panel data for transition countries

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dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorAcaravci, Ali
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2024-09-18T20:16:44Z
dc.date.available2024-09-18T20:16:44Z
dc.date.issued2010
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractThis paper investigates the long-run relationship and causality issues between electricity consumption and economic growth in 15 Transition countries (Albania, Belarus, Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Macedonia, Moldova, Poland, Romania, Russian Federation, Serbia, Slovak Republic and Ukraine) by using the Pedroni panel cointegration method for the 1990-2006 period. Results suggest that the Pedroni panel cointegration tests do not confirm a long-term equilibrium relationship between electricity consumption per capita and real GDP per capita. Moreover, since no cointegration was found, error-correction mechanisms plus causality tests cannot be run for further steps in the long-term to investigate the causality between electricity consumption and economic growth. Overall, it can be said that the electricity consumption related policies have no effect or relation on the level of real output in the long run for these countries. As a conclusion, the literature has conflicting results and there is no consensus either on the existence or the direction of causality between electricity consumption and economic growth. Thus, the findings of this study have important policy implications and it shows that this issue still deserves further attention in future research. (C) 2009 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.eneco.2009.10.016
dc.identifier.endpage608en_US
dc.identifier.issn0140-9883
dc.identifier.issn1873-6181
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-77950515918en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage604en_US
dc.identifier.urihttps://doi.org/10.1016/j.eneco.2009.10.016
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9715
dc.identifier.volume32en_US
dc.identifier.wosWOS:000276326200012en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofEnergy Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectElectricity consumptionen_US
dc.subjectEconomic growthen_US
dc.subjectCointegrationen_US
dc.subjectPanel dataen_US
dc.subjectCausalityen_US
dc.subjectTransition countriesen_US
dc.titleElectricity consumption-growth nexus: Evidence from panel data for transition countriesen_US
dc.typeArticleen_US

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