A New Look to Energy-GDP Nexus: The Comparison of Income and Sustainable Welfare Approaches in Turkey and G7 Countries

Year 2018, Volume: 3 Issue: 3, 208 - 225, 30.12.2018

Mert Topcu , İjlal Tel

https://doi.org/10.30784/epfad.468824

Abstract

The purpose of this thesis
is to investigate the energy consumption-sustainable welfare nexus in G7
economies and Turkey over the period 2000-2012 and to compare these findings
with those obtained from energy consumption growth (GDP) nexus. To this end, empirical
models arisen herein are analyzed using Kónya (2006) bootstrap heterogeneous panel
causality approach which is developed to produce cross-section results.
Findings reveal the existence of conservation hypothesis in France and Turkey,
feedback hypothesis in Germany, Italy, Japan and the UK, and neutrality
hypothesis in Canada and the US once economic growth is used as development
proxy. When sustainable welfare index is used as development proxy, on the
other hand, the results indicate the existence of growth hypothesis in Turkey
as well as the feedback hypothesis in the G7 economies. These findings confirm
that energy-sustainable welfare nexus is robust across G7 countries whereas it
varies across member states in the energy-growth nexus. However, findings
emphasize the importance of the development proxy in the case of Turkey.
Moreover, policy implications based on empirical findings are also discussed.

Keywords

Energy Consumption, Economic Growth, Sustainable Welfare, Turkey, G7 Countries

Enerji-GSYH İlişkisine Yeni Bir Bakış: Türkiye ve G7 Ülkelerinde Gelir ve Sürdürülebilir Refah Yaklaşımlarının Karşılaştırılması

Abstract

Bu çalışmanın amacı, 2000-2012
döneminde G7 ülkeleri ve Türkiye’de enerji
tüketimi-sürdürülebilir refah ilişkisinin analiz edilmesi ve elde edilen
bulguların enerji tüketimi-büyüme (gelir) ilişkisiyle karşılaştırılmasıdır. Bu
kapsamda kurulan modeller, paneli oluşturan her bir yatay kesite ait sonuçları
tahmin etmek için geliştirilen Kónya
(2006) bootstrap heterojen panel nedensellik ile analiz edilmiştir. Elde edilen
bulgular gelişme göstergesi olarak ekonomik büyüme kullanıldığında Fransa ve
Türkiye’de koruma hipotezinin, Almanya, İtalya, Japonya ve Birleşik Krallık’ta
geri besleme hipotezinin, Kanada ve ABD’de ise yansızlık hipotezinin geçerli
olduğu göstermektedir. Gelişme göstergesi olarak sürdürülebilir refah
kullanıldığında ise Türkiye’de büyüme hipotezinin, Kanada, Almanya, İtalya,
Japonya, Birleşik Krallık ve ABD’de ise geri besleme hipotezinin geçerli olduğu
bulgusuna ulaşılmıştır. Bu sonuçlar, G7 ülkelerinde enerji-sürdürülebilir refah
ilişkisinin ülkeden ülkeye değişmediğini, ancak enerji-büyüme ilişkisinin üye
devletler arasında farklılık gösterdiğini ifade etmektedir. Çalışmadan elde
edilen bulgular, Türkiye ekonomisi için ise gelişme göstergesinin önemine vurgu
yapmaktadır. Ayrıca, çalışmadan elde edilen bulgular ışığında politika
çıkarımları da tartışılmaktadır.

Keywords

Enerji Tüketimi, Ekonomik Büyüme, Sürdürülebilir Refah, Türkiye, G7 Ülkeleri

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