SEÇİLMİŞ OECD ÜLKELERİNDE ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİNİN ANALİZİ: YAPISAL KIRILMALI EŞBÜTÜNLEŞME TEKNİĞİNDEN KANITLAR

Abstract

Bu çalışmanın temel amacı, seçilmiş OECD ülkelerinde enerji tüketimi ile ekonomik büyüme arasındaki uzun dönemli ilişkiyi araştırmak ve bu ilişkinin yönünü belirlemektir. Çalışmada, değişkenler arasındaki uzun dönemli ilişkiyi ortaya koymak için yapısal kırılmalı Gregory-Hansen eşbütünleşme yöntemi, ilişkinin yönünü belirlemek için ise Hata Düzeltme Modeli (ECM) ve VAR-Granger nedensellik testleri kullanılmaktadır. Elde edilen bulgular, enerji tüketimi ile ekonomik büyüme arasındaki ilişkiyi açıklamaya yönelik olarak literatürde geliştirilen, büyüme hipotezi, enerji tasarrufu hipotezi, geri bildirim hipotezi ve etkisizlik hipotezi lehinde kanıtlar sunmaktadır.

Keywords

• Enerji-büyüme ilişkisi,Gregory-Hansen Eş bütünleşme testi,Hata Düzeltme Modeli(ECM)

THE ANALYSIS OF THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN SELECTED OECD COUNTRIES: EVIDENCES FROM COINTEGRATION TECHNIQUE WITH STRUCTURAL BREAK

Abstract

The main purpose of the study is to examine the direction and the long run relationship between energy consumption and economic growth in selected OECD countries. In this study, Gregory Hansen cointegration method with structural break is used to estimate the long run relationship and to determine the direction of this relationship. The study also uses Error Correction Model (ECM) and VAR-Granger causality tests. Our findings provide some evidences related to the growth hypothesis, energy conservation hypothesis, feedback hypothesis and neutrality hypothesis, which are developed to explain energy consumption-economic growth nexus in the literature.

Keywords

• Energy-Growth nexus,Gregory-Hansen Cointegration Test,Error Correction Model,VAR-Granger causality test

References

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