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Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia

Year 2013, Volume: 3 Issue: 1, 111 - 117, 01.03.2013

Huseyin Kalyoncu Faruk Gürsoy Hasan Göcen

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

Economic growth Energy consumption Granger causality

Year 2013, Volume: 3 Issue: 1, 111 - 117, 01.03.2013

Huseyin Kalyoncu Faruk Gürsoy Hasan Göcen

Abstract

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Details

Other ID JA79HN67RY
Journal Section Research Article
Authors

Huseyin Kalyoncu This is me

Faruk Gürsoy This is me

Hasan Göcen This is me

Publication Date March 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 1

Cite

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.
AMA Kalyoncu H, Gürsoy F, Göcen H. Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. IJEEP. March 2013;3(1):111-117.
Chicago Kalyoncu, Huseyin, Faruk Gürsoy, and Hasan Göcen. “Causality Relationship Between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”. International Journal of Energy Economics and Policy 3, no. 1 (March 2013): 111-17.
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 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, 2013.
ISNAD Kalyoncu, Huseyin et al. “Causality Relationship Between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia”. International Journal of Energy Economics and Policy 3/1 (March 2013), 111-117.
JAMA 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, 2013, pp. 111-7.
Vancouver Kalyoncu H, Gürsoy F, Göcen H. Causality Relationship between GDP and Energy Consumption in Georgia, Azerbaijan and Armenia. IJEEP. 2013;3(1):111-7.