THE RELATIONSHIP OF EXPORT, ENERGY AND ECONOMIC GROWTH: CAUSALITY ANALYSIS FOR ADVANCED AND DEVELOPING NUTS 2 REGIONS

Abstract

The purpose of this study is to determine the causality relationships between economic growth, exports and energy in NUTS 2 regions. Since the 26 sub-regions have different levels of development, the analyzes have been made by dividing them into developed and developing regions. Unidirectional causality from economic growth to exports and from economic growth to electricity consumption and bidirectional causality between exports and electricity consumption were found in developed NUTS 2 regions. Thus, the conservation hypothesis was supported in the developed regions. In developing NUTS 2 regions, a unidirectional causality relationship from exports to economic growth has been found and the validity of the export-led growth hypothesis has been proven.

Keywords

• Economic Growth
• Energy
• Export
• Panel Causality Test

İHRACAT, ENERJİ VE EKONOMİK BÜYÜME İLİŞKİSİ: GELİŞMİŞ VE GELİŞMEKTE OLAN DÜZEY 2 BÖLGELERİ İÇİN NEDENSELLİK ANALİZİ

Abstract

Bu çalışmanın amacı, Düzey 2 bölgelerinde ekonomik büyüme, ihracat ve enerji arasındaki nedensellik ilişkilerini tespit etmektir. 26 alt bölgenin farklı gelişme düzeyine sahip olmalarından dolayı analizler gelişmiş ve gelişmekte olan bölgeler olarak ikiye ayrılarak yapılmıştır. Gelişmiş Düzey 2 bölgelerinde ekonomik büyümeden ihracata ve ekonomik büyümeden elektrik tüketimine doğru tek yönlü ve ihracat ile elektrik tüketimi arasında ise çift yönlü nedensellik ilişkisine rastlanmıştır. Böylece, gelişmiş bölgelerde koruma hipotezi desteklenmiştir. Gelişmekte olan Düzey 2 bölgelerinde ise ihracattan ekonomik büyümeye doğru tek yönlü nedensellik ilişkisi bulunmuş ve ihracata dayalı büyüme hipotezinin geçerliliği ispatlanmıştır.

Keywords

• Ekonomik Büyüme
• Enerji
• İhracat
• Panel Nedensellik Testi

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