TY  - JOUR
TT  - The Relationship Between Energy and Macroeconomic Variables: An Application of  Turkey
AU  - Çağıl, Gülcan
AU  - Türkmen, Sibel Yılmaz
AU  - Çakır, Özgür
PY  - 2013
DA  - April
JF  - Muhasebe ve Finansman Dergisi
PB  - Muhasebe ve Finansman Öğretim Üyeleri Bilim ve Araştırma Derneği
WT  - DergiPark
SN  - 2146-3042
SP  - 161
EP  - 174
IS  - 58
KW  - Enerji Tüketimi
KW  - Nedensellik
KW  - Vektör Otoregresyon (VAR)
N2  - The relationship between energy datas and macroeconomic variables is proved by the help of various academic studies and the results of these studies differ from country to country in terms of the degree and the aspect of the relation. The reason of the difference could be cyclical movements of the economy or development of countries. In this study a VAR (Vector Autoregression) Model is generated and Granger Casuality Test is used to determine the direction of the relation between energy consumption and macroeconomic variables in Turkey. According to the results of the study electiricity consumption granger causes manufacturing sector growth rate at 5 % significance level and gross domestic product and capacity utilization rate at 10 % significance level. There exist a bidirectional casuality between electricity consumption per capita and growth rate of manufacturing sector at 90 % confidence level.
UR  - https://dergipark.org.tr/en/pub/mufad/article/396419
L1  - https://dergipark.org.tr/en/download/article-file/427455
ER  -