THE IMPACT OF ENERGY CONSUMPTION ON ECONOMIC GROWTH, URBANIZATION AND FINANCIAL DEVELOPMENTS: CASE OF TURKEY BETWEEN 1969-2015

Year 2019, Volume: 8 Issue: 4, 284 - 296, 05.12.2019

Niyazi Gümüş Nurullah Altıntaş

Abstract

In recent years, the relationship between the energy consumptions of countries and various macroeconomic indicators has been increasingly discussed in terms of energy policies. This study aims to analyze the effects of economic growth, urbanization and financial development on the energy consumption in the 1969-2015 period in Turkey. This paper uses the ARDL bound test as the econometric method. The analysis results show that economic growth, urbanization and financial development have a long-term relationship with energy consumption. It has been concluded that urbanization and economic growth have a positive effect on energy consumption in the long-term, while the effect of financial development on energy consumption is incoherent. This study discusses how the results affect the energy policy.

Keywords

Energy Consumption, Urbanization, Financial Development, Growth

EKONOMİK BÜYÜME, KENTLEŞME VE FİNANSAL GELİŞMENİN ENERJİ TÜKETİMİNE ETKİSİ: 1969-2015 TÜRKİYE ÖRNEĞİ

Abstract

Enerji politikaları çerçevesinde ülkelerin enerji tüketimlerinin birçok makroekonomik gösterge ile olan ilişkisi son yıllarda giderek artan biçimde tartışılmaktadır. Bu çalışmanın amacı Türkiye’de 1969-2015 dönemi için ekonomik büyüme, kentleşme ve finansal gelişmenin enerji tüketimine olan etkisini incelemektir. Araştırmada ekonometrik metot olarak ARDL sınır testi yöntemi kullanılmıştır. Analiz sonuçları ekonomik büyüme, kentleşme ve finansal gelişmenin enerji tüketimi ile uzun dönemli bir ilişkiye sahip olduğunu göstermektedir. Uzun dönemde kentleşme ve ekonomik büyümenin enerji tüketimi üzerinde önemli ve pozitif bir etkisinin olduğunu göstermektedir. Buna karşılık finansal gelişmenin enerji tüketimi üzerindeki etkisinin anlamsız olduğu sonucuna ulaşılmıştır. Çalışmada elde edilen sonuçların enerji politikası için etkileri tartışılmıştır.

Keywords

Enerji Tüketimi, Kentleşme, Finansal Gelişme, Büyüme

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