INVESTIGATION OF THE EFFECTS OF ENERGY CONSUMPTION ON ECONOMIC GROWTH BY PANEL DATA METHOD

Year 2023, Volume: 13 Issue: 1, 131 - 143, 31.03.2023

Şeyma Bozkaya , İbrahim Aytekin

https://doi.org/10.30783/nevsosbilen.1124363

Abstract

The main purpose of this study; is an examination the effects of energy consumption, inflation, and physical and human capital on economic growth in BRICS countries using the panel data method. The analysis period covers the years 1990-2015. The Dynamic Common Linked Effects Mean Group Estimator method was used in the analysis. According to the findings obtained from the analysis; statistically, significant relationships were obtained between human capital, physical capital, inflation, and economic growth. The coefficients of these variables were determined to be positive except for human capital. However, no statistically significant relationship was found between energy consumption and economic growth.

Keywords

Economic Growth, BRICS, DCCEMG, Inflation, Energy, Human and Physical Capital

ENERJİ TÜKETİMİNİN İKTİSADİ BÜYÜME ÜZERİNDEKİ ETKİLERİNİN PANEL VERİ YÖNTEMİYLE İNCELENMESİ

Abstract

Bu çalışmanın temel amacı; BRICS ülkelerinde enerji tüketimi, enflasyon, fiziki ve beşeri sermayenin iktisadi büyüme üzerindeki etkilerinin panel veri yöntemiyle incelenmesidir. Analiz dönemi 1990-2015 yıllarını kapsamaktadır. Analizde Dinamik Ortak Bağlantılı Etkiler Ortalama Grup Tahmincisi yönteminden faydalanılmıştır. Analizden elde edilen bulgulara göre; beşeri sermaye, fiziki sermaye, enflasyon ve iktisadi büyüme arasında istatistiki olarak anlamlı ilişkiler elde edilmiştir. Bu değişkenlerin katsayıları ise beşeri sermaye haricinde pozitif yönlü olarak tespit edilmiştir. Fakat enerji tüketimi ile iktisadi büyüme arasında istatistiki açıdan anlamlı bir ilişkiye rastlanmamıştır.

Keywords

İktisadi Büyüme, BRICS, DCCEMG, Enflasyon, Enerji, Beşeri ve Fiziki Sermaye

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