ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF CIS COUNTRIES

Year 2018, 18. EYI Special Issue, 773 - 788, 20.01.2018

Esra Ballı , Çiler Sigeze Müge Manga

https://doi.org/10.18092/ulikidince.344569

Cited By: 5

Abstract

An investigation of the
relationship between energy consumption and economic growth provides
information about the role of energy consumption in economic development.
Therefore, exhibiting the relationship between energy consumption and economic
growth becomes crucial to make well-targeted policies for policy makers. This study investigates the relationship between
energy consumption and economic growth utilizing Fully  Modified Least Squares Method (FMOLS)  and 
Dumitrescu-Hurlin (2012)  panel
causality test for the period of 1992-2013 for Commonwealth of Independent
States (CIS), including Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan,
Moldova, Belarus, Russia, Turkmenistan, Tajikistan, Ukraine and Uzbekistan. The
results show that there is a bi-directional relationship between energy
consumption and economic growth for CIS countries. In the case of, Commonwealth
of Independent States, the amount of energy production and consumption varies
across countries. In order to implement effective energy and environmental
policies, policymakers should understand the relationship between energy
consumption and economic growth. 

Keywords

Energy Consumption, Economic Growth, Panel Data Analysis, CIS Countries

ENERJİ TÜKETİMİ VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: BDT ÜLKELERİ ÖRNEĞİ

Abstract

Enerji tüketimi ile ekonomik büyüme arasındaki ilişkinin incelenmesi
ekonomik büyüme üzerinde enerji tüketiminin rolü hakkında bilgi vermesi ve
politika yapıcılarının enerji politikaları oluşturabilmeleri açısından oldukça
büyük öneme sahiptir. Bu çalışmada, Ermenistan,
Azerbaycan, Gürcistan,  Kazakistan,
Kırgızistan, Moldova, Beyaz Rusya, Rusya, Türkmenistan, Tacikistan, Ukrayna ve
Özbekistan’dan oluşan Bağımsız Devletler Topluluğu (BDT)’ndaki enerji tüketimi
ile ekonomik büyüme arasındaki ilişki 1992-2013 yılları esas alınarak panel Düzeltilmiş
En Küçük Kareler Yöntemi (FMOLS) ve Dumitrescu-Hurlin (2012) panel nedensellik
testi  ile analiz edilmiştir. Elde edilen
sonuçlar, mevcut yıllarda BDT ülkelerinde enerji tüketimi ile ekonomik büyüme
arasında çift yönlü nedensellik ilişkisinin olduğunu göstermektedir. Bunun
yanında BDT’ye üye ülkelerin doğal kaynak zenginlikleri önemli ölçüde farklılık
göstermektedir. Bu doğrultuda, politika yapıcılarının etkin ekonomik ve
çevresel politikalar oluşturabilmeleri için ekonomik büyüme ile enerji tüketimi
arasındaki ilişkinin boyutu hakkında bilgi edinmeleri önem kazanmaktadır.

Keywords

Enerji Tüketimi, Ekonomik Büyüme, Panel Veri Analizi

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