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Yükselen Piyasalarda Elektrik Tüketimi büyüme ilişkisi: Nedensellik Analizi

Year 2012, Volume: 21 Issue: 1, 241 - 254, 01.03.2012

Abstract

Energy a basic input of modern life is an essential determinant of economic growth It is expected that production of goods and services would increase with the contributions of energy usage on one hand and there would be an increase in the usage of goods and services which would lead to even greater amount of energy on the other This study driven by the above mentioned expectation proposes to investigate the relationship between energy consumption and economic growth fort he so called emerging market economies The analysis using the data of 12 sample countries for the period of 1980 2008 indicates that the relationship between these two variables is bidirectional for five countries and one directional for six of them for 3 of which from energy consumption to growth and opposite direction for the remaining 3 while none for just one country Keywords: Electricity consumption Economic growth Cointegration Causality

References

  • Akinlo, A. E., “Energy consumption and economic growth: Evidence from 11 Sub- Sahara African countries”, Energy Economics, Vol: 30, 2008, pp: 2391–2400.
  • Altınay, Galip, and E. Karagöl, “Electricity Consumption and Economic Growth: Evidence From Turkey”, Energy Economics, Vol: 27, 2005, pp. 849-856.
  • Apergis Nicholas, and James E. Payne, “Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model”, Energy Economics, Vol: 31, 2009, pp: 211–216.
  • Apergis, Nicholas, and James E. Payne, “Renewable Energy Consumption and Economic Growth: Evidence From A Panel of OECD Countries”, Energy Policy, Vol: 38-1, 2009, pp. 656-660.
  • Asafu-Adjaye, John, “The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries”, Energy Economics, Vol: 22, 2000, pp: 615-625.
  • BP, Statistical Review of World Energy, (June) 2009.
  • Chen, Sheng-Tung, Hsiao-I Kuo, and Chi-Chung Chen, “The relationship between GDP and electricity consumption in 10 Asian countries”, Energy Policy, Vol: 35, 2007, pp: 2611–2621.
  • Cheng, B. S., “Energy consumption and economic growth in Brazil, Mexico and Venezuela: a time series analysis”, Applied Economics Letters, Vol: 4, 1997, pp: 671–674.
  • Enders, Walter, Applied Econometric Time Series, Second Edition. USA: John Wiley& Sons, 2000.
  • Engle, R. F., and C. W. J. Granger, “Cointegration and error correction: Representation, estimation, and testing”, Econometrica, Vol: 55, 1987, pp: 251–276.
  • Engle, R. F., and B. S. Yoo, “Forecasting and testing in co-integrated systems”, Journal of Econometrics, Vol: 35, 1987, pp: 143-159.
  • IEA, World Energy Outlook 2008, Paris: IEA Press.
  • Jumbe, Charles B. L., “Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi”, Energy Economics, Vol: 26, 2004, pp: 61–68.
  • MacKinnon, J. G., and R. Davidson, Estimation and Inference in Econometrics. London: Oxford University Press, 1953.
  • Mishra, Vinod Russell Smyth, and Susan Sharma, “The Energy-GDP Nexus: Evidence From A Panel of Pacific Island Countries”, Resource And Energy Economics, Vol: 31, 2009, pp: 210–220.
  • Oh, Wankeun Kihoon Lee, “Causal relationship between energy consumption and GDP revisited: the case of Korea 1970–1999”, Energy Economics, Vol: 26, 2004, pp: 51–59.
  • Ouédraogo, Idrissa M., “Electricity consumption and economic growth in Burkina Faso: A cointegration analysis”, Energy Economics, Vol: 32, 2010, pp: 524–531.
  • Paul, Shyamal, and Rabindra N. Bhattacharya, “Causality between energy consumption and economic growth in India: a note on conflicting results”, Energy Economics, Vol: 26, 2000, pp: 977-983.
  • Sadorsky, Perry, “Renewable Energy Consumption and Income in Emerging Economies”, Energy Policy, Vol: 37, 2009, pp. 4021-4028.
  • Soytaş, U., and R. Sarı, “Energy consumption and GDP: causality relationship in G-7 countries and emerging markets”, Energy Economics, Vol: 25, 2003, pp: 33– 37.
  • Yang, Hao-Yen, “A Note on The Casual Relationship Between Energy and GDP in Taiwan”, Energy Economics, Vol: 22, 2000, pp. 309-317.
  • Yoo, Seung-Hoon, and Soo-Yoon Kwak, “Electricity Consumption and Economic Growth in Seven South American Countries”, Energy Policy, Vol: 38-1, 2010, pp. 181-188.

Yükselen Piyasalarda Elektrik Tüketimi büyüme ilişkisi: Nedensellik Analizi

Year 2012, Volume: 21 Issue: 1, 241 - 254, 01.03.2012

Abstract

Enerji modern yaşamın önemli bir girdisi; ekonomik büyümenin temel bir belirleyicisidir Bir yandan enerji kullanımının katkılarıyla üretilen mal ve hizmet miktarının artması; diğer yandan gelir düzeyi arttıkça daha fazla enerji tüketimine yol açacak mal ve hizmetlerin kullanılması beklenmektedir Bu çalışma anılan beklentiden yola çıkarak enerji tüketimi iktisadi büyüme ilişkisini yükselen piyasa ekonomileri olarak nitelenen ülkeler bakımından araştırmayı amaçlamaktadır Örneklemde yer alan 12 ülkenin 1980 2008 verileri kullanılarak yapılan analiz enerji tüketimi ile büyüme arasında 5 ülkede iki yönlü; 3 ülkede enerji tüketiminden büyümeye; 3 ülkede de ekonomik büyümeden enerji tüketimine doğru tek yönlü ilişkinin varlığını; sadece bir ülkede bu iki değişken arasında bir ilişkinin gözlenmediğini göstermektedir Anahtar kelimeler: Elektrik tüketimi İktisadi büyüme Eş Bütünleşme Nedensellik

References

  • Akinlo, A. E., “Energy consumption and economic growth: Evidence from 11 Sub- Sahara African countries”, Energy Economics, Vol: 30, 2008, pp: 2391–2400.
  • Altınay, Galip, and E. Karagöl, “Electricity Consumption and Economic Growth: Evidence From Turkey”, Energy Economics, Vol: 27, 2005, pp. 849-856.
  • Apergis Nicholas, and James E. Payne, “Energy consumption and economic growth in Central America: Evidence from a panel cointegration and error correction model”, Energy Economics, Vol: 31, 2009, pp: 211–216.
  • Apergis, Nicholas, and James E. Payne, “Renewable Energy Consumption and Economic Growth: Evidence From A Panel of OECD Countries”, Energy Policy, Vol: 38-1, 2009, pp. 656-660.
  • Asafu-Adjaye, John, “The relationship between energy consumption, energy prices and economic growth: time series evidence from Asian developing countries”, Energy Economics, Vol: 22, 2000, pp: 615-625.
  • BP, Statistical Review of World Energy, (June) 2009.
  • Chen, Sheng-Tung, Hsiao-I Kuo, and Chi-Chung Chen, “The relationship between GDP and electricity consumption in 10 Asian countries”, Energy Policy, Vol: 35, 2007, pp: 2611–2621.
  • Cheng, B. S., “Energy consumption and economic growth in Brazil, Mexico and Venezuela: a time series analysis”, Applied Economics Letters, Vol: 4, 1997, pp: 671–674.
  • Enders, Walter, Applied Econometric Time Series, Second Edition. USA: John Wiley& Sons, 2000.
  • Engle, R. F., and C. W. J. Granger, “Cointegration and error correction: Representation, estimation, and testing”, Econometrica, Vol: 55, 1987, pp: 251–276.
  • Engle, R. F., and B. S. Yoo, “Forecasting and testing in co-integrated systems”, Journal of Econometrics, Vol: 35, 1987, pp: 143-159.
  • IEA, World Energy Outlook 2008, Paris: IEA Press.
  • Jumbe, Charles B. L., “Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi”, Energy Economics, Vol: 26, 2004, pp: 61–68.
  • MacKinnon, J. G., and R. Davidson, Estimation and Inference in Econometrics. London: Oxford University Press, 1953.
  • Mishra, Vinod Russell Smyth, and Susan Sharma, “The Energy-GDP Nexus: Evidence From A Panel of Pacific Island Countries”, Resource And Energy Economics, Vol: 31, 2009, pp: 210–220.
  • Oh, Wankeun Kihoon Lee, “Causal relationship between energy consumption and GDP revisited: the case of Korea 1970–1999”, Energy Economics, Vol: 26, 2004, pp: 51–59.
  • Ouédraogo, Idrissa M., “Electricity consumption and economic growth in Burkina Faso: A cointegration analysis”, Energy Economics, Vol: 32, 2010, pp: 524–531.
  • Paul, Shyamal, and Rabindra N. Bhattacharya, “Causality between energy consumption and economic growth in India: a note on conflicting results”, Energy Economics, Vol: 26, 2000, pp: 977-983.
  • Sadorsky, Perry, “Renewable Energy Consumption and Income in Emerging Economies”, Energy Policy, Vol: 37, 2009, pp. 4021-4028.
  • Soytaş, U., and R. Sarı, “Energy consumption and GDP: causality relationship in G-7 countries and emerging markets”, Energy Economics, Vol: 25, 2003, pp: 33– 37.
  • Yang, Hao-Yen, “A Note on The Casual Relationship Between Energy and GDP in Taiwan”, Energy Economics, Vol: 22, 2000, pp. 309-317.
  • Yoo, Seung-Hoon, and Soo-Yoon Kwak, “Electricity Consumption and Economic Growth in Seven South American Countries”, Energy Policy, Vol: 38-1, 2010, pp. 181-188.
There are 22 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Prof. Dr. Yusuf Bayraktutan This is me

Öğr. Gör. Dr. Sefer Uçak This is me

İ. Murat Bicil This is me

Publication Date March 1, 2012
Submission Date December 29, 2013
Published in Issue Year 2012 Volume: 21 Issue: 1

Cite

APA Bayraktutan, P. D. Y., Uçak, Ö. G. D. S., & Bicil, İ. M. (2012). Yükselen Piyasalarda Elektrik Tüketimi büyüme ilişkisi: Nedensellik Analizi. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 21(1), 241-254.