Year 2019, Volume 27, Issue 41, Pages 235 - 252 2019-07-31

Enerji Kullanımı ile Makroekonomik Aktivite Arasındaki Zamanla Değişen ve Asimetrik İlişki
Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity

Ayşen SİVRİKAYA [1] , Mübariz HASANOV [2]

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Bu çalışmada, enerji kullanımı, çıktı, sermaye stoku ve istihdam arasındaki dinamik etkileşimler ABD verileri kullanılarak analiz edilmiştir. Bu çalışmadan elde edilen bulgular, bu etkileşimlerin zamanla değiştiğini ve bir değişkenin başka bir değişkende gerçekleşen büyük ve küçük şoklara verdiği tepkilerin asimetrik olduğunu göstermektedir. Benzer şekilde, bir değişkene vuran pozitif ve negatif şokların diğer değişkenler üzerindeki etkileri birbirinden farklıdır. Daha özel olarak bu çalışmada, makroekonomik değişkenlerin negatif enerji şoklarına pozitif şoklara göre daha fazla tepki verdiği bulgusuna ulaşılmıştır. Ayrıca, çalışma sonuçlarına göre, küçük enerji şoklarının büyük şoklara göre makroekonomik değişkenler üzerindeki etkileri daha büyüktür. Bunlara ek olarak, üretim faktörlerine yönelik şoklar enerji kullanımını azaltmaktadır. Bu bulgu, enerji ve diğer üretim faktörlerinin tamamlayıcı olmak yerine ikame olduğuna işaret etmektedir. Bu çalışmadan elde edilen bulguların çok açık politika sonuçları bulunmaktadır. Çalışma sonuçlarına göre, enerji tasarrufunu destekleyen politika uygulamaları ekonomik büyümeye engel olmamaktadır. Ayrıca, daha verimli ve enerji tasarrufu sağlayan sermaye ve üretim teknolojilerini teşvik eden politikalar, enerji kullanımını azaltmaya yardımcı olabilmektedir.
In this paper, we analyze the dynamic interactions among energy use, output, capital stock and employment for the USA. Our results suggest that these interactions are time-varying and show asymmetries in terms of the one variable’s responses of big versus small and positive versus negative shocks to another variable. In particular, we find that negative energy shocks have greater impact on macroeconomic variables than positive shocks. Furthermore, small energy shocks have greater effects than big shocks. Our results also suggest that the shocks to production factors reduce energy use, implying that energy and the other factors of production are substitutes rather than compliments. These results have clear policy implications. Namely, aggressive energy saving policies might be more politically viable. In addition, the policies promoting more efficient and energy-saving capital and production technologies could help reducing energy use.
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Primary Language en
Subjects Social
Journal Section Articles
Authors

Orcid: 0000-0003-2199-3593
Author: Ayşen SİVRİKAYA
Institution: HACETTEPE ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İKTİSAT BÖLÜMÜ
Country: Turkey


Orcid: 0000-0003-0216-9531
Author: Mübariz HASANOV
Institution: İSTANBUL OKAN ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ
Country: Turkey


Dates

Publication Date: July 31, 2019

Bibtex @research article { sosyoekonomi512044, journal = {Sosyoekonomi}, issn = {1305-5577}, address = {Sosyoekonomi Society}, year = {2019}, volume = {27}, pages = {235 - 252}, doi = {10.17233/sosyoekonomi.2019.03.12}, title = {Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity}, key = {cite}, author = {SİVRİKAYA, Ayşen and HASANOV, Mübariz} }
APA SİVRİKAYA, A , HASANOV, M . (2019). Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity. Sosyoekonomi, 27 (41), 235-252. DOI: 10.17233/sosyoekonomi.2019.03.12
MLA SİVRİKAYA, A , HASANOV, M . "Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity". Sosyoekonomi 27 (2019): 235-252 <http://dergipark.org.tr/sosyoekonomi/issue/47493/512044>
Chicago SİVRİKAYA, A , HASANOV, M . "Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity". Sosyoekonomi 27 (2019): 235-252
RIS TY - JOUR T1 - Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity AU - Ayşen SİVRİKAYA , Mübariz HASANOV Y1 - 2019 PY - 2019 N1 - doi: 10.17233/sosyoekonomi.2019.03.12 DO - 10.17233/sosyoekonomi.2019.03.12 T2 - Sosyoekonomi JF - Journal JO - JOR SP - 235 EP - 252 VL - 27 IS - 41 SN - 1305-5577- M3 - doi: 10.17233/sosyoekonomi.2019.03.12 UR - https://doi.org/10.17233/sosyoekonomi.2019.03.12 Y2 - 2019 ER -
EndNote %0 Sosyoekonomi Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity %A Ayşen SİVRİKAYA , Mübariz HASANOV %T Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity %D 2019 %J Sosyoekonomi %P 1305-5577- %V 27 %N 41 %R doi: 10.17233/sosyoekonomi.2019.03.12 %U 10.17233/sosyoekonomi.2019.03.12
ISNAD SİVRİKAYA, Ayşen , HASANOV, Mübariz . "Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity". Sosyoekonomi 27 / 41 (July 2019): 235-252. https://doi.org/10.17233/sosyoekonomi.2019.03.12
AMA SİVRİKAYA A , HASANOV M . Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity. Sosyoekonomi. 2019; 27(41): 235-252.
Vancouver SİVRİKAYA A , HASANOV M . Time-Varying and Asymmetric Relationship between Energy Use and Macroeconomic Activity. Sosyoekonomi. 2019; 27(41): 252-235.