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İnternet Kullanımı ve GSYH’nın Elektrik Tüketimi Üzerindeki Etkileri: Türkiye Örneği

Year 2017, Volume: 24 Issue: 1, 185 - 198, 21.04.2017
https://doi.org/10.18657/yonveek.307528

Abstract

This paper aims to reveal the connection between electricity use growth, GDP growth and the growth in the number of internet users for Turkey with the time series data covering 1994-2014. Since internet usage is one of the quickest ways of accessing information, its effects on electricity consumption has great importance in respect to economic growth. In line with this purpose, we implement ARDL bounds test for cointegration and find long-run relationship between the variables. Then, we estimate the long-run and the short-run coefficients from the selected ARDL model. Accordingly, growth in the number of internet users and GDP growth have positive and statistically significant effects on electricity use growth in Turkey both in the short-run and the long-run. Also, the coefficient of lagged error correction term is found negative, which validates the long-run relationship. Since the coefficient, however, found between -1 and -2, it is concluded that the long-run equilibrium is achieved in a decreasing fluctuating form. Consequently, we recommend energy conversation policies for Turkey.

References

  • Acaravci, A., & Ozturk, I. (2012). Electricity Consumption and Economic Growth Nexus: A Multivariate Analysis for Turkey. Amfiteatru Economic, 14 (31), 246-257. https://core.ac.uk/download/files/153/6652894.pdf
  • Aslan, A. (2014). Causality Between Electricity Consumption and Economic Growth in Turkey: An ARDL Bounds Testing Approach. Energy Sources, Part B: Economics, Planning, and Policy, 9(1), 25-31. DOİ:10.1080/15567241003681882
  • Bayar, Y., & Ozel, H. A. (2014). Electricity Consumption and Economic Growth in Emerging Economies. Journal of Knowledge Management, Economics and Information Technology, IV(2), 1-18. http://www.scientificpapers.org/wp-content/files/1453_Yilmaz-Electricity_Consumption_and_Economic_Growth_in_Emerging_Economies.pdf
  • Dickey, D. A., & Fuller, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(4), 1057-1072. DOI: 10.2307/1912517
  • Dogan, E. (2015). The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renewable and Sustainable Energy Reviews, 52, 534–546. DOİ:10.1016/j.rser.2015.07.130
  • European Commission Eurostat Database. Accessed on the 19th of March, 2016. http://ec.europa.eu/eurostat/data/database Ishida, H. (2015). The effect of ICT development on economic growth and energy consumption in Japan. Telematics and Informatics, 32, 79–88. DOI:10.1016/j.tele.2014.04.003
  • Kraft, J., & Kraft, A. (1978). Relationship between energy and GNP. Journal of Energy Finance and Development, 3, 401-403.
  • Narayan, P. K., & Smyth, R. (2006). What determines migration flows from low-income to high income countries? An empirical investigation of Fiji-U.S. migration 1971-2001. Contemporary Economic Policy, 24(2), 332-342. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=904956
  • Narayan, P. K., & Smyth, R. (2009). Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries. Energy Policy, 37(1), 229-236. DOI:10.1016/j.enpol.2008.08.020
  • Narayan, P. K., Narayan, S., & Popp, S. (2010). Does electricity consumption panel Granger cause GDP? A new global evidence. 87(10), 3294-3298. DOİ:10.1016/j.apenergy.2010.03.021
  • Ozturk, I. (2010). A literature survey on energy–growth nexus. Energy Policy, 38, 340–349. DOİ:10.1016/j.enpol.2009.09.024
  • Ozturk, I., & Acaravci, A. (2013). The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey. Energy Economics, 36, 262–267. DOİ:10.1016/j.eneco.2012.08.025
  • Payne, J. E. (2010). A survey of the electricity consumption-growth literature. Applied Energy, 87, 723-731. DOİ:10.1016/j.apenergy.2009.06.034
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. DOI: 10.1002/jae.616
  • Phillips, P. C., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346. DOİ: 10.1093/biomet/75.2.335
  • Sadorsky, P. (2012). Information communication technology and electricity consumption in emerging economies. Energy Policy, 48, 130–136. DOİ:10.1016/j.enpol.2012.04.064
  • Salahuddin, M., & Alam, K. (2015). Internet usage, electricity consumption and economic growth in Australia: A time series evidence. Telematics and Informatics, 862–878. DOİ:10.1016/j.tele.2015.04.011
  • Thirring, H. (1958). Energy for Man: Windmills to Nuclear Power. Indiana: Indiana University Press.
  • Turkish Statistical Intitute. Accessed on the 30th of January, 2016. http://www.tuik.gov.tr
  • World Bank World Development Indicators. Accessed on 19th of March, 2016. http://data.worldbank.org/data-catalog/world-development-indicators

The Effects of Internet Usage and GDP on Electricity Consumption: The Case of Turkey

Year 2017, Volume: 24 Issue: 1, 185 - 198, 21.04.2017
https://doi.org/10.18657/yonveek.307528

Abstract

Bu çalışma Türkiye için 1994-2014 dönemi yıllık zaman serisi verilerini kullanarak elektrik tüketimi, GSYH ve internet kullanımı arasındaki ilişkileri göstermeyi amaçlamaktadır. İnternet kullanımı bilgiye erişimde en hızlı yollardan biri olduğu için, elektrik tüketimine etkisi de ekonomik büyüme açısından büyük öneme sahiptir. Bu amaç yönelik olarak ARDL sınır testi uygulanmış ve değişkenler arasında eşbütünleşme ilişkisi tespit edilmiştir. Ardından seçilen ARDL modelinden kısa ve uzun dönem katsayıları tahmin edilmiştir. Sonuçlar hem uzun hem de kısa dönemde Türkiye’de internet kullanımı ve GSYH’nin elektrik tüketimi üzerinde pozitif ve istatistiksel olarak anlamlı etkilerinin olduğunu göstermiştir. Ayrıca gecikmeli hata düzeltme katsayısı, uzun dönem ilişkisini onaylayacak şekilde negatif işaretli olarak bulunmuştur. Ancak, bu katsayı -1 ile -2 arasında yer aldığından uzun dönem dengesinin dalgalanarak azalan bir biçimde sağlandığı sonucuna varılmıştır. Sonuç olarak Türkiye için enerji koruma politikaları önerilmiştir.

References

  • Acaravci, A., & Ozturk, I. (2012). Electricity Consumption and Economic Growth Nexus: A Multivariate Analysis for Turkey. Amfiteatru Economic, 14 (31), 246-257. https://core.ac.uk/download/files/153/6652894.pdf
  • Aslan, A. (2014). Causality Between Electricity Consumption and Economic Growth in Turkey: An ARDL Bounds Testing Approach. Energy Sources, Part B: Economics, Planning, and Policy, 9(1), 25-31. DOİ:10.1080/15567241003681882
  • Bayar, Y., & Ozel, H. A. (2014). Electricity Consumption and Economic Growth in Emerging Economies. Journal of Knowledge Management, Economics and Information Technology, IV(2), 1-18. http://www.scientificpapers.org/wp-content/files/1453_Yilmaz-Electricity_Consumption_and_Economic_Growth_in_Emerging_Economies.pdf
  • Dickey, D. A., & Fuller, W. A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica, 49(4), 1057-1072. DOI: 10.2307/1912517
  • Dogan, E. (2015). The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renewable and Sustainable Energy Reviews, 52, 534–546. DOİ:10.1016/j.rser.2015.07.130
  • European Commission Eurostat Database. Accessed on the 19th of March, 2016. http://ec.europa.eu/eurostat/data/database Ishida, H. (2015). The effect of ICT development on economic growth and energy consumption in Japan. Telematics and Informatics, 32, 79–88. DOI:10.1016/j.tele.2014.04.003
  • Kraft, J., & Kraft, A. (1978). Relationship between energy and GNP. Journal of Energy Finance and Development, 3, 401-403.
  • Narayan, P. K., & Smyth, R. (2006). What determines migration flows from low-income to high income countries? An empirical investigation of Fiji-U.S. migration 1971-2001. Contemporary Economic Policy, 24(2), 332-342. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=904956
  • Narayan, P. K., & Smyth, R. (2009). Multivariate granger causality between electricity consumption, exports and GDP: Evidence from a panel of Middle Eastern countries. Energy Policy, 37(1), 229-236. DOI:10.1016/j.enpol.2008.08.020
  • Narayan, P. K., Narayan, S., & Popp, S. (2010). Does electricity consumption panel Granger cause GDP? A new global evidence. 87(10), 3294-3298. DOİ:10.1016/j.apenergy.2010.03.021
  • Ozturk, I. (2010). A literature survey on energy–growth nexus. Energy Policy, 38, 340–349. DOİ:10.1016/j.enpol.2009.09.024
  • Ozturk, I., & Acaravci, A. (2013). The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey. Energy Economics, 36, 262–267. DOİ:10.1016/j.eneco.2012.08.025
  • Payne, J. E. (2010). A survey of the electricity consumption-growth literature. Applied Energy, 87, 723-731. DOİ:10.1016/j.apenergy.2009.06.034
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289–326. DOI: 10.1002/jae.616
  • Phillips, P. C., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346. DOİ: 10.1093/biomet/75.2.335
  • Sadorsky, P. (2012). Information communication technology and electricity consumption in emerging economies. Energy Policy, 48, 130–136. DOİ:10.1016/j.enpol.2012.04.064
  • Salahuddin, M., & Alam, K. (2015). Internet usage, electricity consumption and economic growth in Australia: A time series evidence. Telematics and Informatics, 862–878. DOİ:10.1016/j.tele.2015.04.011
  • Thirring, H. (1958). Energy for Man: Windmills to Nuclear Power. Indiana: Indiana University Press.
  • Turkish Statistical Intitute. Accessed on the 30th of January, 2016. http://www.tuik.gov.tr
  • World Bank World Development Indicators. Accessed on 19th of March, 2016. http://data.worldbank.org/data-catalog/world-development-indicators
There are 20 citations in total.

Details

Journal Section Articles
Authors

M. Veysel Kaya This is me

Bayram Veli Doyar

Fatih Demir

Publication Date April 21, 2017
Published in Issue Year 2017 Volume: 24 Issue: 1

Cite

APA Kaya, M. V., Doyar, B. V., & Demir, F. (2017). İnternet Kullanımı ve GSYH’nın Elektrik Tüketimi Üzerindeki Etkileri: Türkiye Örneği. Journal of Management and Economics, 24(1), 185-198. https://doi.org/10.18657/yonveek.307528