THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: THE CASE OF LOW AND MIDDLE INCOME COUNTRIES

Year 2018, Volume: 36 Issue: 1, 1 - 15, 30.03.2018

Mücahit Aydın

https://doi.org/10.17065/huniibf.411122

Cited By: 10

Abstract

In
this study, the relationship between energy consumption and economic growth for
low and middle income groups has been examined for the period 1971-2013. For
this purpose, the relationship between the variables is examined using Kónya panel causality test. Empirical results indicate that the hypothesis of
neutrality is mostly valid for the countries included in the low and middle
income groups. Moreover, the feedback hypothesis is valid only for Kenya. As a
result, it can be said that the direction of the causality relationship between
energy consumption and economic growth with country and time dimension.

ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: DÜŞÜK VE ORTA GELİRLİ ÜLKELER ÖRNEĞİ

Abstract

Bu
çalışmada enerji tüketimi ve ekonomik büyüme arasındaki ilişki düşük ve orta
gelir grubu ülkeler için 1971-2013 dönemi verileri kullanılarak incelenmiştir.
Bu amaçla değişkenler arasındaki ilişki Kónya panel nedensellik testi
kullanılarak incelenmiştir. Ampirik sonuçlara göre düşük ve orta gelir grubuna
dâhil ülkelerde çoğunlukla tarafsızlık hipotezinin geçerli olduğu
görülmektedir. Geribildirim hipotezinin ise yalnızca Kenya için geçerli olduğu
çalışmadan elde edilen bir başka sonuçtur. 
Sonuç olarak ekonomik büyüme ile enerji tüketimi arasındaki nedensellik
ilişkisinin yönü için zaman ve ülke boyutuna göre farklılaşmalar olduğunu
söylemek mümkündür. 

Keywords

Ekonomik büyüme, enerji tüketimi, panel nedensellik testi

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