Türkiye’de Finansal Gelişme ve Enerji Tüketimi İlişkisi: Bir Zaman Serisi Kanıtı

Year 2018, , 69 - 88, 31.12.2018

Murat Çetin

https://doi.org/10.17153/oguiibf.421936

Cited By: 5

Abstract

Bu çalışma, finansal gelişme ile enerji tüketimi arasındaki ilişkiyi
Türkiye örneğinde 1980-2015 döneminde ekonomik büyüme ve kentleşmeyi enerji
tüketimi modeline dahil ederek incelemektedir. ARDL sınır testi, yapısal
kırılmalar altında finansal gelişme, ekonomik büyüme, kentleşme ve enerji
tüketimi arasında bir uzun dönem ilişkisinin varlığını göstermektedir. DOLS
tahmin sonuçlarına göre; enerji tüketimi sırasıyla kentleşme ve finansal
gelişme tarafından belirlenmektedir. Toda-Yamamoto nedensellik analizi,
finansal gelişmeden enerji tüketimine doğru işleyen bir nedenselliğin varlığını
göstermektedir. İlaveten, ekonomik büyüme ve kentleşmeden enerji tüketimine
doğru işleyen bir nedenselliğe rastlanmamıştır. Sonuçlar, Türkiye için bazı
politika eğilimleri ortaya koyabilmektedir.

Keywords

Finansal Gelişme, Enerji Tüketimi, Yapısal Kırılma, ARDL, Nedensellik, Türkiye

The Link between Financial Development and Energy Consumption in Turkey: A Time Series Evidence

Abstract

This paper examines the relationship between financial development and energy consumption in case of Turkey during the period 1980-2015 by adding economic growth and urbanization to the energy consumption specification. The ARDL bounds test indicates the existence of a long run relationship among financial development, economic growth, urbanization and energy consumption under the structural breaks. The DOLS estimation results reveal that energy consumption is determined by urbanization and financial develoment, respectively. The Toda-Yamamoto causality analysis indicates the presence of a causality running from financial development to energy consumption. In addition, a causality running from economic growth and urbanization to energy consumption is not found. The results can exhibit some policy implications for Turkey.

Keywords

Financial Development, Energy Consumption, Structural Break, ARDL, Causality, Turkey

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