EN
Energy Consumption and Stock Market Relationship: Evidence from Turkey
Abstract
A large number of studies on the relationship between financial indicators and macroeconomic variables such as economic growth and energy as a result of the increase in the energy prices and their volatility in recent years have emerged. The aim of this study, apart from the other studies in the area, is to investigate the interaction between energy consumption and stock exchange index in Turkey. Ceteris paribus, economic growth with the increase of energy consumption, the growth of the economy impact will also affect the stock exchange which is accepted as the barometer of the economy (vice versa). The interaction between the BIST National 100 index, BIST National Industrial Index and energy consumption is investigated by Johansen Cointegration Test, Granger Causality Test tests based on VAR for the period of 1995-2011. Unidirectional causality relationship is detected from BIST 100 Index and BIST Industrial Index towards energy consumption.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
December 1, 2013
Submission Date
December 1, 2013
Acceptance Date
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Published in Issue
Year 2013 Volume: 3 Number: 4
APA
Ersoy, E., & Unlu, U. (2013). Energy Consumption and Stock Market Relationship: Evidence from Turkey. International Journal of Energy Economics and Policy, 3(4), 34-40. https://izlik.org/JA55GM86GM
AMA
1.Ersoy E, Unlu U. Energy Consumption and Stock Market Relationship: Evidence from Turkey. IJEEP. 2013;3(4):34-40. https://izlik.org/JA55GM86GM
Chicago
Ersoy, Ersan, and Ulas Unlu. 2013. “Energy Consumption and Stock Market Relationship: Evidence from Turkey”. International Journal of Energy Economics and Policy 3 (4): 34-40. https://izlik.org/JA55GM86GM.
EndNote
Ersoy E, Unlu U (December 1, 2013) Energy Consumption and Stock Market Relationship: Evidence from Turkey. International Journal of Energy Economics and Policy 3 4 34–40.
IEEE
[1]E. Ersoy and U. Unlu, “Energy Consumption and Stock Market Relationship: Evidence from Turkey”, IJEEP, vol. 3, no. 4, pp. 34–40, Dec. 2013, [Online]. Available: https://izlik.org/JA55GM86GM
ISNAD
Ersoy, Ersan - Unlu, Ulas. “Energy Consumption and Stock Market Relationship: Evidence from Turkey”. International Journal of Energy Economics and Policy 3/4 (December 1, 2013): 34-40. https://izlik.org/JA55GM86GM.
JAMA
1.Ersoy E, Unlu U. Energy Consumption and Stock Market Relationship: Evidence from Turkey. IJEEP. 2013;3:34–40.
MLA
Ersoy, Ersan, and Ulas Unlu. “Energy Consumption and Stock Market Relationship: Evidence from Turkey”. International Journal of Energy Economics and Policy, vol. 3, no. 4, Dec. 2013, pp. 34-40, https://izlik.org/JA55GM86GM.
Vancouver
1.Ersan Ersoy, Ulas Unlu. Energy Consumption and Stock Market Relationship: Evidence from Turkey. IJEEP [Internet]. 2013 Dec. 1;3(4):34-40. Available from: https://izlik.org/JA55GM86GM