An Empirical Analysis for Energy Consumption, Trade Openness and Economic Growth of OECD Countries

Yıl 2019, Cilt: 9 Sayı: 1, 125 - 143, 30.06.2019

Tuncer Gövdeli

https://doi.org/10.18074/ckuiibfd.441055

Öz

This study analyzes the relationship
of causality between energy consumption, trade openness and economic growth for
24 OECD countries. In the study undertaken during 1971 to 2014, the cross
section dependency and the homogeneity of slope coefficients were investigated.
After determining the heterogeneity of the slope coefficients under the cross
section dependency of the Konya (2006) causality test, it was analyzed against
four different stages. i) The panel causality relationship between economic
growth and energy consumption. ii) The panel causality relationship between
economic growth and trade openness.  iii)
The panel causality relationship between energy consumption and outward
openness. iv) According to the results of panel causality analysis between energy
consumption and trade openness to economic growth, it was found that
unidirectional causality relationship between energy consumption and trade
openness to economic growth in Canada, Chile, Iceland, Spain and Sweden.

Anahtar Kelimeler

Economic Growth, Konya Causality Test, Energy Consumption, Trade Openness, OECD Countries

OECD Ülkelerinin Enerji Tüketimi, Ticaret Açıklığı ve Ekonomik Büyümesi Üzerine Ampirik Bir Analiz

Öz

Bu çalışmada,
enerji tüketimi, dışa açıklık ve ekonomik büyüme arasındaki nedensellik
ilişkisi 24 OECD ülkesi için analiz edilmiştir. 1971 ile 2014 dönemi kullanılan
çalışmada, öncelikle yatay kesit bağımlılığı ve eğim katsayılarının homojenliği
incelenmiştir. Konya (2006) nedensellik testinin ön koşulu olan yatay kesit
bağımlılığı altında eğim katsayılarının heterojenliği tespit edildikten sonra,
Konya (2006) nedensellik testi dört farklı aşamada değişkenler analiz
edilmiştir. i) Ekonomik büyüme ile enerji tüketimi arasındaki panel nedensellik
ilişki analiz edilmiştir. ii) Ekonomik büyüme ile dışa açıklık arasındaki panel
nedensellik ilişkisi analiz edilmiştir. iii) Enerji tüketimi ile dışa açıklık
arasındaki panel nedensellik ilişki incelenmiştir. iv) Enerji tüketimi ve dışa
açıklık ile ekonomik büyüme arasındaki panel nedensellik ilişkisi analiz
sonuçlarına göre, Kanada, Şili, İzlanda, İspanya ve İsveç ülkelerinde enerji
tüketimi ve dışa açıklığın ekonomik büyümenin nedenseli olduğu tespit
edilmiştir. 

Anahtar Kelimeler

Ekonomik Büyüme, Konya Nedensellik Testi, Enerji Tüketimi, Dışa Açıklık, OECD Ülkeleri

Kaynakça

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