Electricity Consumption and Growth: Wavelet Analysis for Emerging Markets

Year 2015, Volume: 1 Issue: 1, 1 - 15, 04.09.2015

Pınar Deniz

Abstract

This study approaches the highly debated topic on the relationship between electricity consumption and economic growth with a brand-new and strong analysis. In order to examine the comovement between electricity consumption and economic growth, wavelet analysis asserted by Rua (2010) is employed. The technique brings information about comovement not only for different frequency (revealing short run and long run distinction) but also overtime. The study focuses on emerging economies. The countries employed for the annual dataset of 19712011 are as follows: Argentina, Brazil, Chile, China, India, Indonesia, Korea, Mexico, Philippines, Singapore, Turkey and South Africa. The empirical findings suggest different results for each economy

Keywords

Electricity Consumption, Economic Growth, Emerging Markets

Elektrik Tüketimi ve Büyüme: Yükselen Piyasalar için Dalgacık Analizi

Abstract

Bu çalışmada, sıklıkla tartışılan elektrik tüketimi ve ekonomik büyüme arasındaki ilişkiye yeni ve güçlü bir analiz ile yaklaşılmaktadır. Elektrik tüketimi ve ekonomik büyümenin beraber hareket edip etmediğini incelemek için Rua (2010) tarafından sunulan dalgacık analizi kullanılmaktadır. Bu teknik, beraber hareket edip etmemeye ilişkin bilgiyi (uzun ve kısa dönem ayrımını ortaya çıkaran) farklı sıklıkların yanı sıra zaman içerisindeki harekete göre de vermektedir. Çalışmada yükselen piyasalara odaklanılmıştır. 1971-2011 arası yıllık veri seti için şu ülkeler incelenmiştir: Arjantin, Brezilya, Şili, Çin, Hindistan, Endonezya, G. Kore, Meksika, Filipinler, Singapur, Türkiye ve Güney Afrika. Ampirik bulgular, ülkeye göre sonuçların farklılaştığını göstermektedir

Keywords

Elektrik Tüketimi, Ekonomik Büyüme, Yükselen Piyasalar

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• Figure 1: Electricity Consumption Per Capita of Selected Emerging Countries 2,000 1975 1980 1985 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
• Figure 2: GDP Growth Rate of Selected Emerging Countries -10 1975 1980 1985 1990 1995 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
• Figure 3: Wavelet Based Comovement Analyses P er iod Time -0.6 P er iod Time -0.8
• CHL-Electricity Consumption-GDP Growth Rate
• CHN-Electricity Consumption-GDP Growth Rate