Is there any asymmetry in causality between economic growth and energy consumption?
Küçük Resim Yok
Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Statistical Economic and Social Research and
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this study is to investigate the causation linkage between economic growth and electricity consumption as an indicator of energy consumption in the Turkish economy between year 1967 and 2014. In this regard, we employ recently developed asymmetric causality analysis developed by Hatemi-J and Roca (2014) which allows testing asymmetric relations. Test results imply that there is a bi-directional causality between economic growth and electricity consumption. Moreover, an increase in electricity consumption does not affect economic growth positively and but a decrease in consumption of electricity induces a decrease in economic growth. On the other hand, economic growth affects electricity consumption in both positive and negative shocks. Results imply an asymmetric causation linkage between economic growth and energy consumption in the Turkish economy. © 2018, Statistical, Economic and Social Research and Training Centre for Islamic Countries. All rights reserved.
Açıklama
Anahtar Kelimeler
Asymmetric Causality, Economic Growth, Energy Consumption, Turkey
Kaynak
Journal of Economic Cooperation and Development
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
38
Sayı
4
