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

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Atıf İçin Kopyala

ALTINTAŞ H., KUM M.

International Journal of Energy Economics and Policy, cilt.3, ss.41-51, 2013 (Scopus)

• Yayın Türü: Makale / Tam Makale
• Cilt numarası: 3
• Basım Tarihi: 2013
• Dergi Adı: International Journal of Energy Economics and Policy
• Derginin Tarandığı İndeksler: Scopus
• Sayfa Sayıları: ss.41-51
• Erciyes Üniversitesi Adresli: Evet

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.