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Asymmetric Causality Relationship between Energy Consumption and Economic Growth: Sample of Selected Turkish Republics

Year 2020, Volume: 5 Issue: 2, 61 - 74, 27.12.2020

Abstract

The aim of this study was to investigate the causality relationship between energy consumption and GDP in 4 Turkish Republics including Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan. The relationship between the variables was analyzed by asymmetric causality tests for the period 1990 and 2018, unlike many studies in the literature. In conclusion, it was concluded that the Growth hypothesis was valid in Azerbaijan economy while the Feedback hypothesis was valid in Uzbekistan and Kazakhstan economies. The causality relationships obtained for Turkmenistan do not allow making a general conclusion from economic aspects.

References

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Enerji Tüketimi ve Ekonomik Büyüme Arasındaki Asimetrik Nedensellik İlişkisi: Seçilmiş Türk Cumhuriyetleri Örneği

Year 2020, Volume: 5 Issue: 2, 61 - 74, 27.12.2020

Abstract

Bu çalışmanın amacı Azerbaycan, Kazakistan, Türkmenistan ve Özbekistan olmak üzere 4 adet Türk Cumhuriyetinde enerji kullanımı ile GSYİH arasındaki nedensellik ilişkisinin incelenmesidir. Değişkenler arasındaki ilişkisi, 1990 – 2018 dönemi için, literatürde yer alan birçok çalışmadan farklı olarak asimetrik nedensellik testleri ile analiz edilmiştir. Sonuç olarak Azerbaycan ekonomisinde “büyüme hipotezinin” Özbekistan ve Kazakistan ekonomilerinde ise “geri besleme” hipotezinin geçerli olduğu sonucuna varılmıştır. Türkmenistan için ise elde edilen nedensellik ilişkileri, iktisadi açından genel bir çıkarım yapılmasına izin vermemektedir.

References

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  • Altınay, G. & Karagol E. (2005). Electricity consumption and economic growth: Evidence from Turkey. Energy Economics, (27), 849-856.
  • Altunbaş, Y. & Kapusuzoglu A. (2011). The causality between energy consumption and economic growth in United Kingdom. Economic Research-Ekonomska Istraživanja, (24), 60-67.
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Details

Primary Language English
Journal Section Research Article
Authors

Ayhan Orhan 0000-0002-8109-4306

Muhammet Rıdvan İnce 0000-0003-2050-2545

Abdullah Açık 0000-0003-4542-9831

Publication Date December 27, 2020
Published in Issue Year 2020 Volume: 5 Issue: 2

Cite

APA Orhan, A., İnce, M. R., & Açık, A. (2020). Asymmetric Causality Relationship between Energy Consumption and Economic Growth: Sample of Selected Turkish Republics. JOEEP: Journal of Emerging Economies and Policy, 5(2), 61-74.

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