Multivariate granger causality between electricity generation exports prices and economic growth in Turkey


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ALTINTAŞ H. , KUM M.

International Journal of Energy Economics and Policy, cilt.3, no.3, ss.41-51, 2013 (Diğer Kurumların Hakemli Dergileri) identifier

  • Cilt numarası: 3
  • Basım Tarihi: 2013
  • Dergi Adı: International Journal of Energy Economics and Policy
  • Sayfa Sayısı: ss.41-51

Özet

This study is the first employing annual data for Turkey from 1970 to 2010 to examine

the short and long-run causal relationship between economic growth, electricity generation, exports

and prices in a multivariate model. According to the bounds test results, when electricity generation

and economic growth are the dependent variable there are two cointegrating relationships. According

to the results, long-run equilibrium relationship and long-term causality are found between economic

growth, electricity generation, export and price. Hence, in the short-run, there are bi-directional

causalities between economic growth- electricity generation, economic growth-export and electricity

generation-export with feedback effect.