EN
Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia
Abstract
This research aims to investigate the relationship between energy consumption and economic growth in Georgia, Azerbaijan and Armenia during the period of 1995–2009. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between energy consumption and economic growth. It is crucial to see the directions of causality between two variables for the policy makers. For Georgia and Azerbaijan it is found that these two variables are not cointegrated. In case of Armenia these two variables are cointegrated. Accordingly, causality analysis is conducted for Armenia. The research outcomes reveal that there is unidirectional causality from per capita GDP to per capita energy consumption for Armenia.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
March 1, 2013
Submission Date
March 1, 2013
Acceptance Date
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Published in Issue
Year 2013 Volume: 3 Number: 1
APA
Kalyoncu, H., Gürsoy, F., & Göcen, H. (2013). Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. International Journal of Energy Economics and Policy, 3(1), 111-117. https://izlik.org/JA96ZJ36HH
AMA
1.Kalyoncu H, Gürsoy F, Göcen H. Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. IJEEP. 2013;3(1):111-117. https://izlik.org/JA96ZJ36HH
Chicago
Kalyoncu, Huseyin, Faruk Gürsoy, and Hasan Göcen. 2013. “Causality Relationship Between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”. International Journal of Energy Economics and Policy 3 (1): 111-17. https://izlik.org/JA96ZJ36HH.
EndNote
Kalyoncu H, Gürsoy F, Göcen H (March 1, 2013) Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. International Journal of Energy Economics and Policy 3 1 111–117.
IEEE
[1]H. Kalyoncu, F. Gürsoy, and H. Göcen, “Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”, IJEEP, vol. 3, no. 1, pp. 111–117, Mar. 2013, [Online]. Available: https://izlik.org/JA96ZJ36HH
ISNAD
Kalyoncu, Huseyin - Gürsoy, Faruk - Göcen, Hasan. “Causality Relationship Between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”. International Journal of Energy Economics and Policy 3/1 (March 1, 2013): 111-117. https://izlik.org/JA96ZJ36HH.
JAMA
1.Kalyoncu H, Gürsoy F, Göcen H. Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. IJEEP. 2013;3:111–117.
MLA
Kalyoncu, Huseyin, et al. “Causality Relationship Between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”. International Journal of Energy Economics and Policy, vol. 3, no. 1, Mar. 2013, pp. 111-7, https://izlik.org/JA96ZJ36HH.
Vancouver
1.Huseyin Kalyoncu, Faruk Gürsoy, Hasan Göcen. Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. IJEEP [Internet]. 2013 Mar. 1;3(1):111-7. Available from: https://izlik.org/JA96ZJ36HH