Öz
Coal constitutes an important factor for
the Turkey’s
economic growth. In this paper an attempt is made to
examine the short- and
long-run causality between coal
consumption and Gross National Product
for Turkey
using annual data covering the period 1970-2014. Tests for unit roots,
cointegration, and Granger causality based on error correction model are
applied. In this study was found that exists bidirectional Granger
causality between coal consumption and economic growth in the short and long
run.
Anahtar Kelimeler
Kaynakça
- Akarca, A.T. & Long, T.V. (1980). On the relationship between energy and GNP: are-examination. J.Energy Dev, 5, 326-331.
- Alam, S., Ahmed, M. & Butt, M. (2003). The dynamics of fertility, family planning and female education in Pakistan. Journal of Asian Economics, 14, 447-463.
- Arbelaez, H., Urrutia J. & Abbas, N. (2001). Short-term and long-term linkages among the Colombian capital market indexes. International Review of Financial Analysis, 10, 237–273.
- Dickey, D.A. & Fuller, W.A., (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, 1057-1072.
- Dua, P. & Pandit B.L. (2002). Interest rate determination in India:domestic and external factors. Journal of Policy Modeling, 24, 853–875.
- Engle, R. F. and Granger, C. W. J. (1987). Cointegration and error correction: representation, estimation, and testing. Econometrica, 55, 251–276.
- Erol, U. & Yu, E.S.H. (1987a). Time series analysis of the causal relationships between US energy and employment. Resources Energy, 9, 75-89.
- Ghosh, S. (2002). Electricity consumption and economic growth in India. Energy Policy, 30, 125–129.
- Granger, C. & Newbold, P. (1974). Spurious regressions in econometrics. J. Econometrics 2, 111-120.
- Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregression models. Econometrica, 59, 1551–1580.
- Johansen, S. & Juselius, K. (1993). Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK. Journal of Econometrics, 53, 211–244.
- Jumbe, C. B.L. (2004). Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi. Energy Econ. 26, 61-68.
- Kraft, J. & Kraft, A. (1978). On the relationship between energy and GNP. J. Energy Dev. 3, 401-403.
- Mozumder, P. & Marathe, A. (2007). Causality relationship between electricity consumption and GDP in Bangladesh. Energy Policy, 35 (1), 395¬-402.
- Shiu, A.L. & Pun, L. (2004). Electricity consumption and economic growth in China. Energy Policy, 32, 47-54.
- Yang, H.Y. (2000). Coal Consumption and Economic Growth in Taiwan. Energy Sources, 22, 109-115.
- Yin, R. & Xu, J. (2003). Identifying the inter-market relationships of forest products in the Pacific Northwest with cointegration and causality tests. Forest Policy and Economics, 5, 305-315.
- Yoo, S.H. (2006). Causal relationship between coal consumption and economic growth in Korea. Applied Energy , 83, 1181-1189.
- Yu, E.S.H. & Hwang, B.K. (1984). The relationship between energy and GNP: further results. Energy Econ. 6, 186-190.
- Yu, E.S.H. & Choi, J.Y. (1985). The causal relationship between energy and GNP: an international comparison. J. Energy Dev. 10, 249-272.
Öz
Kaynakça
- Akarca, A.T. & Long, T.V. (1980). On the relationship between energy and GNP: are-examination. J.Energy Dev, 5, 326-331.
- Alam, S., Ahmed, M. & Butt, M. (2003). The dynamics of fertility, family planning and female education in Pakistan. Journal of Asian Economics, 14, 447-463.
- Arbelaez, H., Urrutia J. & Abbas, N. (2001). Short-term and long-term linkages among the Colombian capital market indexes. International Review of Financial Analysis, 10, 237–273.
- Dickey, D.A. & Fuller, W.A., (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49, 1057-1072.
- Dua, P. & Pandit B.L. (2002). Interest rate determination in India:domestic and external factors. Journal of Policy Modeling, 24, 853–875.
- Engle, R. F. and Granger, C. W. J. (1987). Cointegration and error correction: representation, estimation, and testing. Econometrica, 55, 251–276.
- Erol, U. & Yu, E.S.H. (1987a). Time series analysis of the causal relationships between US energy and employment. Resources Energy, 9, 75-89.
- Ghosh, S. (2002). Electricity consumption and economic growth in India. Energy Policy, 30, 125–129.
- Granger, C. & Newbold, P. (1974). Spurious regressions in econometrics. J. Econometrics 2, 111-120.
- Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregression models. Econometrica, 59, 1551–1580.
- Johansen, S. & Juselius, K. (1993). Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK. Journal of Econometrics, 53, 211–244.
- Jumbe, C. B.L. (2004). Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi. Energy Econ. 26, 61-68.
- Kraft, J. & Kraft, A. (1978). On the relationship between energy and GNP. J. Energy Dev. 3, 401-403.
- Mozumder, P. & Marathe, A. (2007). Causality relationship between electricity consumption and GDP in Bangladesh. Energy Policy, 35 (1), 395¬-402.
- Shiu, A.L. & Pun, L. (2004). Electricity consumption and economic growth in China. Energy Policy, 32, 47-54.
- Yang, H.Y. (2000). Coal Consumption and Economic Growth in Taiwan. Energy Sources, 22, 109-115.
- Yin, R. & Xu, J. (2003). Identifying the inter-market relationships of forest products in the Pacific Northwest with cointegration and causality tests. Forest Policy and Economics, 5, 305-315.
- Yoo, S.H. (2006). Causal relationship between coal consumption and economic growth in Korea. Applied Energy , 83, 1181-1189.
- Yu, E.S.H. & Hwang, B.K. (1984). The relationship between energy and GNP: further results. Energy Econ. 6, 186-190.
- Yu, E.S.H. & Choi, J.Y. (1985). The causal relationship between energy and GNP: an international comparison. J. Energy Dev. 10, 249-272.
Ayrıntılar
| Konular | Ekonomi |
|---|---|
| Bölüm | Cilt: 1 Sayı: 2 |
| Yazarlar | |
| Yayımlanma Tarihi | 7 Şubat 2018 |
| Gönderilme Tarihi | 1 Aralık 2017 |
| Yayımlandığı Sayı | Yıl 2017 Cilt: 1 Sayı: 2 |
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