Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 1301-8752 1309-6338 Hacettepe Üniversitesi 10.17065/huniibf.411122 THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF LOW AND MIDDLE INCOME COUNTRIES ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: DÜŞÜK VE ORTA GELİRLİ ÜLKELER ÖRNEĞİ Aydın Mücahit 03 30 2018 36 1 1 15 02 03 2017 11 23 2017 Copyright © 1983, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 1983 Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Inthis study, the relationship between energy consumption and economic growth forlow and middle income groups has been examined for the period 1971-2013. Forthis purpose, the relationship between the variables is examined using Kónya panel causality test. Empirical results indicate that the hypothesis ofneutrality is mostly valid for the countries included in the low and middleincome groups. Moreover, the feedback hypothesis is valid only for Kenya. As aresult, it can be said that the direction of the causality relationship betweenenergy consumption and economic growth with country and time dimension.

Buçalışmada enerji tüketimi ve ekonomik büyüme arasındaki ilişki düşük ve ortagelir grubu ülkeler için 1971-2013 dönemi verileri kullanılarak incelenmiştir.Bu amaçla değişkenler arasındaki ilişki Kónya panel nedensellik testikullanılarak incelenmiştir. Ampirik sonuçlara göre düşük ve orta gelir grubunadâhil ülkelerde çoğunlukla tarafsızlık hipotezinin geçerli olduğugörülmektedir. Geribildirim hipotezinin ise yalnızca Kenya için geçerli olduğuçalışmadan elde edilen bir başka sonuçtur.Sonuç olarak ekonomik büyüme ile enerji tüketimi arasındaki nedensellikilişkisinin yönü için zaman ve ülke boyutuna göre farklılaşmalar olduğunusöylemek mümkündür.

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