SEÇİLMİŞ OECD ÜLKELERİNDE ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİNİN ANALİZİ: YAPISAL KIRILMALI EŞBÜTÜNLEŞME TEKNİĞİNDEN KANITLAR

Year 2018, Volume: 5 Issue: 2, 204 - 222, 30.06.2018

Güray Enes Karaağaç , Reşat Ceylan

https://doi.org/10.30798/makuiibf.407977

Cited By: 1

Abstract

Bu
çalışmanın temel amacı, seçilmiş OECD ülkelerinde enerji tüketimi ile ekonomik
büyüme arasındaki uzun dönemli ilişkiyi araştırmak ve bu ilişkinin yönünü
belirlemektir. Çalışmada, değişkenler arasındaki uzun dönemli ilişkiyi ortaya
koymak için yapısal kırılmalı Gregory-Hansen eşbütünleşme yöntemi, ilişkinin
yönünü belirlemek için ise Hata Düzeltme Modeli (ECM) ve VAR-Granger
nedensellik testleri kullanılmaktadır. Elde edilen bulgular, enerji tüketimi
ile ekonomik büyüme arasındaki ilişkiyi açıklamaya yönelik olarak literatürde
geliştirilen, büyüme hipotezi, enerji tasarrufu hipotezi, geri bildirim
hipotezi ve etkisizlik hipotezi lehinde kanıtlar sunmaktadır.

Keywords

Enerji-büyüme ilişkisi, Gregory-Hansen Eş bütünleşme testi, Hata Düzeltme Modeli(ECM)

THE ANALYSIS OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN SELECTED OECD COUNTRIES: EVIDENCES FROM COINTEGRATION TECHNIQUE WITH STRUCTURAL BREAK

Abstract

The
main purpose of the study is to examine the direction and the long run
relationship between energy consumption and economic growth in selected OECD
countries. In this study, Gregory Hansen cointegration method with structural
break is used to estimate the long run relationship and to determine the
direction of this relationship. The study also uses Error Correction Model
(ECM) and VAR-Granger causality tests. Our findings provide some evidences
related to the growth hypothesis, energy conservation hypothesis, feedback
hypothesis and neutrality hypothesis, which are developed to explain energy
consumption-economic growth nexus in the literature.

Keywords

Energy-Growth nexus, Gregory-Hansen Cointegration Test, Error Correction Model, VAR-Granger causality test

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