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Year 2015, Volume: 5 Issue: 4, 1050 - 1057, 01.12.2015

Abstract

The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey

Year 2015, Volume: 5 Issue: 4, 1050 - 1057, 01.12.2015

Abstract

This study aims to explore both the long-run and causal relationships between electricity consumption per capita, real GDP per capita, trade openness and foreign direct investment inflows per capita in Turkey during the time period 1974–2013. The study employs the ARDL model and the Augmented Granger causality model. The bounds F–test for cointegration test yields evidence of a long-run relationship between variables. The overall results from the three error-correction based Granger causality models show that there is an evidence of unidirectional short-run, long-run and strong causalities running from the electricity consumption per capita to real GDP per capita. However, there is no causal evidence from the real GDP per capita to electricity consumption per capita. This result also support that, “Growth hypothesis” is confirmed in Turkey. As a policy implication, the energy growth policies regarding electricity consumption should be adopted in such a way that the development of this sector stimulates economic growth.

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Details

Primary Language English
Subjects Engineering
Other ID JA39TC77KE
Journal Section Research Article
Authors

Ali Acaravcı This is me

Sinan Erdogan This is me

Guray Akalın This is me

Publication Date December 1, 2015
Published in Issue Year 2015 Volume: 5 Issue: 4

Cite

APA Acaravcı, A., Erdogan, S., & Akalın, G. (2015). The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey. International Journal of Energy Economics and Policy, 5(4), 1050-1057.
AMA Acaravcı A, Erdogan S, Akalın G. The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey. IJEEP. December 2015;5(4):1050-1057.
Chicago Acaravcı, Ali, Sinan Erdogan, and Guray Akalın. “The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey”. International Journal of Energy Economics and Policy 5, no. 4 (December 2015): 1050-57.
EndNote Acaravcı A, Erdogan S, Akalın G (December 1, 2015) The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey. International Journal of Energy Economics and Policy 5 4 1050–1057.
IEEE A. Acaravcı, S. Erdogan, and G. Akalın, “The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey”, IJEEP, vol. 5, no. 4, pp. 1050–1057, 2015.
ISNAD Acaravcı, Ali et al. “The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey”. International Journal of Energy Economics and Policy 5/4 (December 2015), 1050-1057.
JAMA Acaravcı A, Erdogan S, Akalın G. The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey. IJEEP. 2015;5:1050–1057.
MLA Acaravcı, Ali et al. “The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey”. International Journal of Energy Economics and Policy, vol. 5, no. 4, 2015, pp. 1050-7.
Vancouver Acaravcı A, Erdogan S, Akalın G. The Electricity Consumption, Real Income, Trade Openness and Foreign Direct Investment: The Empirical Evidence from Turkey. IJEEP. 2015;5(4):1050-7.