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Electricity Consumption and Growth: Wavelet Analysis for Emerging Markets

Yıl 2015, Cilt: 1 Sayı: 1, 1 - 15, 04.09.2015

Öz

This study approaches the highly debated topic on the relationship between electricity consumption and economic growth with a brand-new and strong analysis. In order to examine the comovement between electricity consumption and economic growth, wavelet analysis asserted by Rua (2010) is employed. The technique brings information about comovement not only for different frequency (revealing short run and long run distinction) but also overtime. The study focuses on emerging economies. The countries employed for the annual dataset of 19712011 are as follows: Argentina, Brazil, Chile, China, India, Indonesia, Korea, Mexico, Philippines, Singapore, Turkey and South Africa. The empirical findings suggest different results for each economy

Kaynakça

  • Acaravci, A. and Ozturk, I., (2010), “Electricity Consumption-Growth Ne- xus, Evidence from Panel Data for Transition Countries”, Energy Economics, Vol. 32, pp. 604–608.
  • Al Iriani, M.A., (2006), “Energy-GDP Relationship Revisited: An Example from GCC Countries Using Panel Causality”, Energy Policy, Vol. 34, pp. 3342–3350.
  • Altinay, G. and Karagol, E., (2005), “Electricity Consumption and Economic Growth: Evidence from Turkey”, Energy Economics, Vol. 27, pp. 849–856.
  • Belke, A., Dobnik, F. and Dreger, C., (2011), “Energy Consumption and Eco- nomic Growth: New Insights into the Cointegration Relationship”, Energy Econo- mics, Vol. 33, pp. 782–789.
  • Bildirici, M.E., Bakirtas, T. and Kayikci, F., (2012), “Economic Growth and Electricity Consumption, Auto-Regressive Distributed Lag Analysis”, Journal of Energy in Southern Africa, Vol. 23, pp. 29–45.
  • Ciarreta A. and Zarraga, A., (2010), “Economic Growth-Electricity Con- sumption Causality in 12 European Countries: A Dynamic Panel Data Approach”, Energy Policy, Vol. 38, pp. 3790–3796.
  • Croux, C., Forni, M., and Reichlin, L., (2001), “A Measure of Comovement for Economic Variables: Theory and Empirics”, Review of Economics and Statistics, 83(2): 232-241.
  • Lee, C.C. and Chang, C.P., (2007), “Energy Consumption and GDP Revisi- ted: A Panel Analysis of Developed and Developing Countries”, Energy Economics, Vol. 29, pp.1206–1223.
  • Lee, C.C., (2005), “Energy Consumption and GDP in Developing Countries: A Cointegrated Analysis”, Energy Economics, Vol. 27, pp. 415–427.
  • Mazbahul, G.A. and Nazrul, A.K.M, (2011), “Electricity Consumption and Economic Growth Nexus in Bangladesh: Revisited Evidences”, Energy Policy, Vol. 39, pp. 6145–6150.
  • Rua, A., (2010), “Measuring Comovement in the Time–frequency Space”, Jo- urnal of Macroeconomics, 32(2): 685-691.
  • Wolde-Rufael, Y., (2014), “Electricity Consumption and Economic Growth in Transition Countries: A Revisit Using Bootstrap Panel Granger Causality Analy- sis”, Energy Economics, Vol. 44, pp. 325–330.
  • Yoo, S.-H., (2005), “Electricity Consumption and Economic Growth: Eviden- ce from Korea”, Energy Policy, Vol. 33, pp. 1627–1632.
  • Yoo, S.-H. and Kwak, S.-Y., (2010), “Electricity Consumption and Economic Growth in Seven South American Countries”, Energy Policy, Vol. 38, No. 1, pp. 181– 188. Appendix
  • Figure 1: Electricity Consumption Per Capita of Selected Emerging Countries 2,000 1975 1980 1985 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
  • Figure 2: GDP Growth Rate of Selected Emerging Countries -10 1975 1980 1985 1990 1995 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
  • Figure 3: Wavelet Based Comovement Analyses P er iod Time -0.6 P er iod Time -0.8
  • CHL-Electricity Consumption-GDP Growth Rate
  • CHN-Electricity Consumption-GDP Growth Rate

Elektrik Tüketimi ve Büyüme: Yükselen Piyasalar için Dalgacık Analizi

Yıl 2015, Cilt: 1 Sayı: 1, 1 - 15, 04.09.2015

Öz

Bu çalışmada, sıklıkla tartışılan elektrik tüketimi ve ekonomik büyüme arasındaki ilişkiye yeni ve güçlü bir analiz ile yaklaşılmaktadır. Elektrik tüketimi ve ekonomik büyümenin beraber hareket edip etmediğini incelemek için Rua (2010) tarafından sunulan dalgacık analizi kullanılmaktadır. Bu teknik, beraber hareket edip etmemeye ilişkin bilgiyi (uzun ve kısa dönem ayrımını ortaya çıkaran) farklı sıklıkların yanı sıra zaman içerisindeki harekete göre de vermektedir. Çalışmada yükselen piyasalara odaklanılmıştır. 1971-2011 arası yıllık veri seti için şu ülkeler incelenmiştir: Arjantin, Brezilya, Şili, Çin, Hindistan, Endonezya, G. Kore, Meksika, Filipinler, Singapur, Türkiye ve Güney Afrika. Ampirik bulgular, ülkeye göre sonuçların farklılaştığını göstermektedir

Kaynakça

  • Acaravci, A. and Ozturk, I., (2010), “Electricity Consumption-Growth Ne- xus, Evidence from Panel Data for Transition Countries”, Energy Economics, Vol. 32, pp. 604–608.
  • Al Iriani, M.A., (2006), “Energy-GDP Relationship Revisited: An Example from GCC Countries Using Panel Causality”, Energy Policy, Vol. 34, pp. 3342–3350.
  • Altinay, G. and Karagol, E., (2005), “Electricity Consumption and Economic Growth: Evidence from Turkey”, Energy Economics, Vol. 27, pp. 849–856.
  • Belke, A., Dobnik, F. and Dreger, C., (2011), “Energy Consumption and Eco- nomic Growth: New Insights into the Cointegration Relationship”, Energy Econo- mics, Vol. 33, pp. 782–789.
  • Bildirici, M.E., Bakirtas, T. and Kayikci, F., (2012), “Economic Growth and Electricity Consumption, Auto-Regressive Distributed Lag Analysis”, Journal of Energy in Southern Africa, Vol. 23, pp. 29–45.
  • Ciarreta A. and Zarraga, A., (2010), “Economic Growth-Electricity Con- sumption Causality in 12 European Countries: A Dynamic Panel Data Approach”, Energy Policy, Vol. 38, pp. 3790–3796.
  • Croux, C., Forni, M., and Reichlin, L., (2001), “A Measure of Comovement for Economic Variables: Theory and Empirics”, Review of Economics and Statistics, 83(2): 232-241.
  • Lee, C.C. and Chang, C.P., (2007), “Energy Consumption and GDP Revisi- ted: A Panel Analysis of Developed and Developing Countries”, Energy Economics, Vol. 29, pp.1206–1223.
  • Lee, C.C., (2005), “Energy Consumption and GDP in Developing Countries: A Cointegrated Analysis”, Energy Economics, Vol. 27, pp. 415–427.
  • Mazbahul, G.A. and Nazrul, A.K.M, (2011), “Electricity Consumption and Economic Growth Nexus in Bangladesh: Revisited Evidences”, Energy Policy, Vol. 39, pp. 6145–6150.
  • Rua, A., (2010), “Measuring Comovement in the Time–frequency Space”, Jo- urnal of Macroeconomics, 32(2): 685-691.
  • Wolde-Rufael, Y., (2014), “Electricity Consumption and Economic Growth in Transition Countries: A Revisit Using Bootstrap Panel Granger Causality Analy- sis”, Energy Economics, Vol. 44, pp. 325–330.
  • Yoo, S.-H., (2005), “Electricity Consumption and Economic Growth: Eviden- ce from Korea”, Energy Policy, Vol. 33, pp. 1627–1632.
  • Yoo, S.-H. and Kwak, S.-Y., (2010), “Electricity Consumption and Economic Growth in Seven South American Countries”, Energy Policy, Vol. 38, No. 1, pp. 181– 188. Appendix
  • Figure 1: Electricity Consumption Per Capita of Selected Emerging Countries 2,000 1975 1980 1985 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
  • Figure 2: GDP Growth Rate of Selected Emerging Countries -10 1975 1980 1985 1990 1995 2000 2005 2010 ARGENTINA CHINA KOREA SINGAPORE TURKEY ZAF
  • Figure 3: Wavelet Based Comovement Analyses P er iod Time -0.6 P er iod Time -0.8
  • CHL-Electricity Consumption-GDP Growth Rate
  • CHN-Electricity Consumption-GDP Growth Rate
Toplam 19 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Pınar Deniz Bu kişi benim

Yayımlanma Tarihi 4 Eylül 2015
Gönderilme Tarihi 4 Eylül 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 1 Sayı: 1

Kaynak Göster

APA Deniz, P. (2015). Elektrik Tüketimi ve Büyüme: Yükselen Piyasalar için Dalgacık Analizi. Ekonomi İşletme Siyaset Ve Uluslararası İlişkiler Dergisi, 1(1), 1-15.

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