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Is there any asymmetry in causality between economic growth and energy consumption?
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نویسنده
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bayat t. ,kayhan s. ,senturk m.
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منبع
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journal of economic cooperation and development - 2017 - دوره : 38 - شماره : 4 - صفحه:77 -94
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چکیده
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The aim of this study is to investigate the causation linkage between economic growth and electricity consumption as an indicator of energy consumption in the turkish economy between year 1967 and 2014. in this regard,we employ recently developed asymmetric causality analysis developed by hatemi-j and roca (2014) which allows testing asymmetric relations. test results imply that there is a bi-directional causality between economic growth and electricity consumption. moreover,an increase in electricity consumption does not affect economic growth positively and but a decrease in consumption of electricity induces a decrease in economic growth. on the other hand,economic growth affects electricity consumption in both positive and negative shocks. results imply an asymmetric causation linkage between economic growth and energy consumption in the turkish economy. © 2018,statistical,economic and social research and training centre for islamic countries. all rights reserved.
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کلیدواژه
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Asymmetric Causality; Economic Growth; Energy Consumption; Turkey
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آدرس
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inonu university,faculty of economics and administrative sciences,department of economics,malatya, Turkey, necmettin erbakan university,faculty of social sciences and humanities,department of economics,konya, Turkey, kilis 7 aralik university,faculty of economics and administrative sciences,department of international trade and logistics, Turkey
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Authors
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