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.