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The Relationship Between Natural Gas Consumption and Economic Growth in Selected Mena Countries

Year 2019, Issue: 59, 13 - 20, 31.01.2019

Ergin Uzgören , Volkan Aslan

Abstract

The
long-run relationship between natural gas consumption and economic growth is
investigated in this study. The definition of this relationship has great
importance in determining appropriate sustainable growth policies. For this
purpose, using panel data from 8 MENA countries, a long-term relationship
between natural gas consumption and economic growth is investigated for the
period 1989-2014. As a result of the econometric analyzes, the existence of the
cointegration relation between natural gas consumption and economic growth and
statistically significant long term coefficients are determined. Long-run
coefficients show that natural gas consumption affects economic growth
positively.

Keywords

Natural Gas Consumption Economic Growth Panel Data Analysis

References

  • Apergis, N., J.E. Payne. (2010). Natural gas consumption and economic growth: A panel investigation of 67 count-ries. Applied Energy. 87, 2759-2763.
  • Bildirici, M., T. Bakırtas. (2014). The relationship among oil, natural gas and coal consumption and economic growth in BRICTS (Brazil, Russian, India, China, Turkey and SouthAfrica) countries. Energy. 65, 134–44.
  • Dumitrescu, E.- I. C. Hurlın. (2012). Testing for Granger Non-Causality in Heterogeneous Panels. Economic Model-ling. 29(4), pp.1450-460.
  • Fatai, K., L. Oxley, F.G. Scrimgeour. (2004). Modeling the causal relationship between Energy consumption and GDP in New Zealand, Australia, India, Indonesia, the Philippines and Thailand. Mathematics and Computers in Simulation. 64, 431-445.
  • Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. The Econometrics Journal. 3, 148-161.
  • Im, K. S., M. H. Pesaran, Y. Shın (2003). Testing for Unit Roots in Heterogeneous Panels. Journal Of Econometrics. No: 115, pp. 53-74.
  • Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control. 12, 231-254.
  • Kum, H., O. Ocal, A. Aslan. (2012). The relationship among natural gas Energy con-sumption, capital and economic growth: bootstrap-corrected causality tests from G-7 countries. Renewable and Sustainable Energy Reviews. 16(5), 2361.
  • Levin, A., C. Lin. (1992). Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties, University of Califor-nia. San Diego Working Paper. 23- 92.
  • Levin, A., C. Lin. (1993). Unit Root Tests in Panel Data: New Results, University of California. San Diego Working Paper, 56- 93.
  • Ozturk, I., U. Al-Mulalı (2015). Natural gas consumption and economic growth nexus: panel data analysis for GCC countries. Renewable and Sustainable Energy Reviews. 51, 998–1003.
  • Pedroni, P. (1999). Critical Values for Cointegration Tests in Heteroge-neous Panels with Multiple Regressors. Oxford Bulletin of Economics and Statistics. 61, pp. 653–670.
  • Pedroni, P. (2000). Fully-Modified OLS for Heterogeneous Cointegrated Panels. Advances in Econometrics. No: 15, pp. 93-130.
  • Pedroni, P. (2001). Purchasing power paritytests in cointegrated panels. Review of Economics and Statistics. No: 83, pp. 727-731.
  • Solarin, S. A., I. Ozturk. (2016). The relationship between natural gas consumption and economic growth in OPEC members. Renewable and Sustainable Energy Reviews. 58, 1348-1356.
  • Zahid, A. (2008). Energy–GDP relationship: A causal analysis for the five countries of South Asia. Applied Economet-rics and International Development.1, 167-180.
  • http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/downloads.html (09.08.2016)
  • http://databank.worldbank.org/data/home.aspx (07.08.2016)

SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ

Year 2019, Issue: 59, 13 - 20, 31.01.2019

Ergin Uzgören , Volkan Aslan

Abstract

Çalışmada
doğalgaz tüketimi ile iktisadi büyüme arasındaki uzun dönemli ilişki
incelenmektedir. Bu ilişkinin tanımlanması, uygun sürdürülebilir büyüme
politikalarının belirlenmesinde büyük öneme sahiptir. Bu amaçla 8 MENA ülke
panel verisi kullanarak 1989-2014 dönemi için doğalgaz tüketimi ve iktisadi
büyüme arasındaki uzun dönemli ilişki araştırılmaktadır. Ekonometrik analizler
sonucunda, doğalgaz tüketimi ile ekonomik büyüme arasında eşbütünleşme ilişkisinin
varlığına ve istatistiki olarak anlamlı uzun dönem katsayılarına ulaşılmıştır.
Uzun dönemli katsayılar, doğalgaz tüketiminin ekonomik büyümeyi pozitif
etkilediğini göstermektedir.

Keywords

Doğalgaz Tüketimi Panel Veri Analizi İktisadi Büyüme

References

  • Apergis, N., J.E. Payne. (2010). Natural gas consumption and economic growth: A panel investigation of 67 count-ries. Applied Energy. 87, 2759-2763.
  • Bildirici, M., T. Bakırtas. (2014). The relationship among oil, natural gas and coal consumption and economic growth in BRICTS (Brazil, Russian, India, China, Turkey and SouthAfrica) countries. Energy. 65, 134–44.
  • Dumitrescu, E.- I. C. Hurlın. (2012). Testing for Granger Non-Causality in Heterogeneous Panels. Economic Model-ling. 29(4), pp.1450-460.
  • Fatai, K., L. Oxley, F.G. Scrimgeour. (2004). Modeling the causal relationship between Energy consumption and GDP in New Zealand, Australia, India, Indonesia, the Philippines and Thailand. Mathematics and Computers in Simulation. 64, 431-445.
  • Hadri, K. (2000). Testing for stationarity in heterogeneous panel data. The Econometrics Journal. 3, 148-161.
  • Im, K. S., M. H. Pesaran, Y. Shın (2003). Testing for Unit Roots in Heterogeneous Panels. Journal Of Econometrics. No: 115, pp. 53-74.
  • Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control. 12, 231-254.
  • Kum, H., O. Ocal, A. Aslan. (2012). The relationship among natural gas Energy con-sumption, capital and economic growth: bootstrap-corrected causality tests from G-7 countries. Renewable and Sustainable Energy Reviews. 16(5), 2361.
  • Levin, A., C. Lin. (1992). Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties, University of Califor-nia. San Diego Working Paper. 23- 92.
  • Levin, A., C. Lin. (1993). Unit Root Tests in Panel Data: New Results, University of California. San Diego Working Paper, 56- 93.
  • Ozturk, I., U. Al-Mulalı (2015). Natural gas consumption and economic growth nexus: panel data analysis for GCC countries. Renewable and Sustainable Energy Reviews. 51, 998–1003.
  • Pedroni, P. (1999). Critical Values for Cointegration Tests in Heteroge-neous Panels with Multiple Regressors. Oxford Bulletin of Economics and Statistics. 61, pp. 653–670.
  • Pedroni, P. (2000). Fully-Modified OLS for Heterogeneous Cointegrated Panels. Advances in Econometrics. No: 15, pp. 93-130.
  • Pedroni, P. (2001). Purchasing power paritytests in cointegrated panels. Review of Economics and Statistics. No: 83, pp. 727-731.
  • Solarin, S. A., I. Ozturk. (2016). The relationship between natural gas consumption and economic growth in OPEC members. Renewable and Sustainable Energy Reviews. 58, 1348-1356.
  • Zahid, A. (2008). Energy–GDP relationship: A causal analysis for the five countries of South Asia. Applied Economet-rics and International Development.1, 167-180.
  • http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/downloads.html (09.08.2016)
  • http://databank.worldbank.org/data/home.aspx (07.08.2016)
There are 18 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Ergin Uzgören

Volkan Aslan

Publication Date January 31, 2019
Published in Issue Year 2019 Issue: 59

Cite

APA Uzgören, E., & Aslan, V. (2019). SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi(59), 13-20.
AMA Uzgören E, Aslan V. SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. January 2019;(59):13-20.
Chicago Uzgören, Ergin, and Volkan Aslan. “SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 59 (January 2019): 13-20.
EndNote Uzgören E, Aslan V (January 1, 2019) SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 59 13–20.
IEEE E. Uzgören and V. Aslan, “SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ”, Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 59, pp. 13–20, January 2019.
ISNAD Uzgören, Ergin - Aslan, Volkan. “SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi 59 (January 2019), 13-20.
JAMA Uzgören E, Aslan V. SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2019;:13–20.
MLA Uzgören, Ergin and Volkan Aslan. “SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ”. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, no. 59, 2019, pp. 13-20.
Vancouver Uzgören E, Aslan V. SEÇİLİ MENA ÜLKELERİNDE DOĞALGAZ TÜKETİMİ VE İKTİSADİ BÜYÜME ARASINDAKİ İLİŞKİ. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi. 2019(59):13-20.
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