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Asymmetric Causality Relationship between Energy Consumption and Economic Growth: Sample of Selected Turkish Republics

Yıl 2020, Cilt: 5 Sayı: 2, 61 - 74, 27.12.2020

Ayhan Orhan , Muhammet Rıdvan İnce , Abdullah Açık

Öz

The aim of this study was to investigate the causality relationship between energy consumption and GDP in 4 Turkish Republics including Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan. The relationship between the variables was analyzed by asymmetric causality tests for the period 1990 and 2018, unlike many studies in the literature. In conclusion, it was concluded that the Growth hypothesis was valid in Azerbaijan economy while the Feedback hypothesis was valid in Uzbekistan and Kazakhstan economies. The causality relationships obtained for Turkmenistan do not allow making a general conclusion from economic aspects.

Anahtar Kelimeler

Turkic Republics Energy consumption Economic Growth Asymmetric Causality Hatemi-J

Kaynakça

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Enerji Tüketimi ve Ekonomik Büyüme Arasındaki Asimetrik Nedensellik İlişkisi: Seçilmiş Türk Cumhuriyetleri Örneği

Yıl 2020, Cilt: 5 Sayı: 2, 61 - 74, 27.12.2020

Ayhan Orhan , Muhammet Rıdvan İnce , Abdullah Açık

Öz

Bu çalışmanın amacı Azerbaycan, Kazakistan, Türkmenistan ve Özbekistan olmak üzere 4 adet Türk Cumhuriyetinde enerji kullanımı ile GSYİH arasındaki nedensellik ilişkisinin incelenmesidir. Değişkenler arasındaki ilişkisi, 1990 – 2018 dönemi için, literatürde yer alan birçok çalışmadan farklı olarak asimetrik nedensellik testleri ile analiz edilmiştir. Sonuç olarak Azerbaycan ekonomisinde “büyüme hipotezinin” Özbekistan ve Kazakistan ekonomilerinde ise “geri besleme” hipotezinin geçerli olduğu sonucuna varılmıştır. Türkmenistan için ise elde edilen nedensellik ilişkileri, iktisadi açından genel bir çıkarım yapılmasına izin vermemektedir.

Anahtar Kelimeler

Türk Cumhuriyetleri Enerji tüketimi Ekonomik Büyüme Asimetrik Nedensellik Hatemi-J

Kaynakça

  • Abaidoo, R. (2011). Economic growth and energy consumption in an emerging economy: Augmented granger causality approach. Research in Business and Economics Journal, (4), 1-15.
  • Abosedra, S. & Baghestani H. (1989). New evidence on the casual relationship between united states energy consumption and gross national product. The Journal of Energy and Development, (14), 285-292.
  • Adom, P. (2011). Electricity consumption-economic growth nexus: The ghanaian case. International Journal of Energy Economics and Policy, (1), 18-31.
  • Ajmi, A., Montasser, G.E., & Nguyen, D.K. (2013). Testing the relationships between energy consumption and income in g7 countries with nonlinear causality tests. Economic Modelling, (35), 126-133
  • Akarca, A. & Long T. (1979). Energy and employment a time-series analysis of the casual relationship, Resource and Energy, (2), 151-162.
  • Akarca, A. & Long T. (1980). Notes and comments on the relationship between energy and gnp: A reexamination. The Journal of Energy and Development, (5), 326-331.
  • Alaali, F., Roberts, J., & Taylor, K. (2015). The effect of energy consumption and human capital on economic growth: An exploration of oil exporting and developed countries. Sheffield Economic Research Paper Series.
  • Al-Iriani, M. (2006). Energy–Gdp relationship revisited: An Example from GCC countries using panel causality. Energy Policy, (34), 3342-3350.
  • Altınay, G. & Karagol E. (2004). Structural break, unit root, and the causality between energy consumption and GDP In Turkey. Energy Economics, (26), 985-994.
  • Altınay, G. & Karagol E. (2005). Electricity consumption and economic growth: Evidence from Turkey. Energy Economics, (27), 849-856.
  • Altunbaş, Y. & Kapusuzoglu A. (2011). The causality between energy consumption and economic growth in United Kingdom. Economic Research-Ekonomska Istraživanja, (24), 60-67.
  • Ang, J. (2007). CO2 emissions, energy consumption, and output in France. Energy Policy, (35), 4772-4778.
  • Ang, J. (2008). Economic development, pollutant emissions and energy consumption in Malaysia. Journal of Policy Modeling, (30), 271-278.
  • Apergis, N. & Danuletiu D. (2012). Energy consumption and growth in Romania: Evidence from a panel error correction model. International Journal of Energy Economics and Policy, (2), 348-356.
  • Apergis, N. & Payne J. (2009). Energy consumption and economic growth: Evidence from the commonwealth of independent states. Energy Economics, (31), 641-647.
  • Aqeel, A. & Butt M. (2001). Asia-Pacific development journal. Asia-Pacific Development Journal, (8), 101-110.
  • Arbex, M. & Perobelli F. (2010). Solow meets leontief: Economic growth and energy consumption. Energy Economics, (32), 43-53.
  • Arora, V. & Shi S. (2016). "Energy Consumption And Economic Growth In The United States". Applied Economics, (39), 3763-3773
  • Asafu-Adjaye, J. (2000). The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries. Energy Economics, (22), 615-625.
  • Asghar, Z. (2008). Energy-Gdp relationship: A casual analysis for the five countries of South Asia. Applied Econometrics and International Development, (8), 167-180.
  • Aslan, A. (2013). Energy consumption and Gdp: The strong relationship in OECD countries. Energy Sources, Part B: Economics, Planning, and Policy, (8), 339-345.
  • Aslan, A., Apergis, N., & Yıldırım, S. (2001). Causality between energy consumption and Gdp in the U.S.: Evidence from wavelet analysis. Frontiers in Energy, (8), 1-8.
  • Baek, J. & Kim H. (2011). Trade liberalization, economic growth, energy consumption and the environment: Time series evidence from G-20 economies. Journal of East Asian Economic Integration, (15), 3-32.
  • Bal, I. (2018). Turkey's Relations with the West and the Turkic Republics: The Rise and Fall of the ‘Turkish Model’. USA: Routledge.
  • Belke, A., Dobnik, F., & Dreger, C. (2011). Energy consumption and economic growth: New insights into the cointegration relationship. Energy Economics, (33), 782-789.
  • Belloumi, M. (2009). Energy consumption and Gdp in Tunisia: Cointegration and causality analysis. Energy Policy, (37), 2745-2753.
  • Bildirici, M. & Türkmen C. (2015). Nonlinear causality between oil and precious metals. Resource Policy, (46), 202-211.
  • Binh, P. (2011). Energy consumption and economic growth in Vietnam: Threshold cointegration and causality analysis. International Journal of Energy Economics and Policy, (1), 1-17.
  • Bowden, N. & Payne J. (2009). The causal relationship between U.S. energy consumption and real output: A disaggregated analysis. Journal of Policy Modeling, (31), 180-188.
  • Brauer, B. (2004). Central Asia: The great game revisited. in: Reiter, E. and Hazdra, P. (Eds), The Impact of Asian Powers on Global Developments, 41-52. New York: Springer.
  • Brock, W., Scheinkman, J.A., Dechert, W.D., & LeBaron, B. (1987). A test for independence based on the correlation dimension.working paper. Department of economics. University of Wisconsin.
  • Campo, J. & Sarmiento V. (2013). The relationship between energy consumption and GDP: Evidence from a panel of Latin American countriesi Latin American Journal of Economics, (50), 233-255.
  • Chen, Y., Lotz-Inglesi, R., & Chang, T. (2017). Revisiting the asymmetric causal link between energy consumption and output in China: Focus on coal and oil consumption. Energy Sources, Part B: Economics, Planning, and Policy, (12), 992-100.
  • Cheng, B. (1995). An investigation of cointegration and causality between energy consumption and economic growth. The Journal of Energy and Development, (21), 73-84.
  • Cheng, B. (1999). Causality between energy consumption and economic growth in India: An application of cointegration and error-correction modeling. Indian Economic Review, (34), 39-49.
  • Chontanawat, J., Hunt, L.C., & Pierse, R. (2008). Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries". Journal of Policy Modeling, (30), 209-220.
  • Cornell, S.E. (2011). Small nations and great powers: a study of ethnopolitical conflict in the Caucasus. New York: Routledge.
  • Çetintaş, H. (2016). Energy consumption and economic growth: The case of transition economies. Energy Sources, Part B: Economics, Planning, and Policy, (11), 267-273.
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Toplam 120 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Ayhan Orhan 0000-0002-8109-4306

Muhammet Rıdvan İnce 0000-0003-2050-2545

Abdullah Açık 0000-0003-4542-9831

Yayımlanma Tarihi 27 Aralık 2020
Yayımlandığı Sayı Yıl 2020 Cilt: 5 Sayı: 2

Kaynak Göster

APA Orhan, A., İnce, M. R., & Açık, A. (2020). Asymmetric Causality Relationship between Energy Consumption and Economic Growth: Sample of Selected Turkish Republics. JOEEP: Journal of Emerging Economies and Policy, 5(2), 61-74.
 Kapak Resmi İndir

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