THE INTERACTION BETWEEN NATURAL GAS ENERGY CONSUMPTION AND ECONOMIC GROWTH IN MIDDLE EAST COUNTRIES

Yıl 2018, Cilt: 13 Sayı: 1, 19 - 36, 01.06.2018

Türker Şimşek

https://doi.org/10.19129/sbad.343

Öz

The study aims to investigate the interaction between economic growth and natural gas energy consumption by including gross capital formation, trade in goods and services, and total labor which are the main determining factors of GDP growth.into a multivariable model in the Middle East Countries (United Arab Emirates, Iraq, Iran, Israel, Kuwait, Saudi Arabia, Syria, Oman, Jordan). For this purpose, panel data analysis was applied with annual data covering 1980-2014 period as econometric analysis. As a result of the analysis carried out using the xtpedroni command through the stata program, it has been found that the natural gas energy consumption has a positive impact on the Middle Eastern countries’ GDP growth in the long-run. The panel Granger causality test also show that there is a bi-directional Granger causality between natural gas energy consumption and GDP growth. Using this information, energy policy implementation of policy decision makers is important in terms of increasing economic effectiveness in the Middle East countries.

Anahtar Kelimeler

Economic Growth, Natural Gas Energy Consumption, Energy, Middle East, Panel Data.

ORTA DOĞU ÜLKELERİNDE DOĞALGAZ ENERJİ TÜKETİMİ VE EKONOMİK BÜYÜME ARASINDAKİ ETKİLEŞİM

Öz

Çalışma veri temininde sıkıntı yaşanılmayan Orta Doğu ülkelerinde (Birleşik Arap Emirlikleri, Irak, İran, İsrail, Kuveyt, Suudi Arabistan, Suriye, Umman, Ürdün) GSYİH'nın büyümesindeki temel belirleyiciler olan brüt sabit sermaye oluşumu, mal ve hizmet ticareti ile toplam işgücünü çok değişkenli modele dahil ederek doğalgaz enerji tüketimi ve ekonomik büyüme arasındaki ilişkiyi araştırmayı amaçlamaktadır. Bu amaç doğrultusunda ekonometrik analiz olarak 1980-2014 dönemini içeren yıllık verilerle panel veri analizi uygulanmıştır. Stata programı aracılığıyla xtpedroni komutu kullanılarak gerçekleştirilen analiz sonucunda doğalgaz enerji tüketiminin uzun dönemde araştırılan Ortadoğu ülkelerinin GSYİH büyümesini olumlu yönde etkilediği bulgusuna ulaşılmıştır. Ayrıca yapılan panel Granger nedensellik testi doğalgaz enerji tüketimi ile GSYİH büyümesi arasında çift yönlü bir Granger nedensellik olduğunu da ortaya koymuştur. Politika karar vericilerin bu bilgileri kullanarak Ortadoğu ülkelerinde enerji politikaları uygulaması ekonomide etkinliğin sağlanması açısından önem arzetmetkedir

Anahtar Kelimeler

Doğalgaz Enerji Tüketimi, Ekonomik Büyüme, Enerji, Orta Doğu, Panel Veri

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