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


Creative Commons License

ALTINTAŞ H. , KUM M.

International Journal of Energy Economics and Policy, vol.3, pp.41-51, 2013 (Refereed Journals of Other Institutions) identifier

  • Publication Type: Article / Article
  • Volume: 3
  • Publication Date: 2013
  • Title of Journal : International Journal of Energy Economics and Policy
  • Page Numbers: pp.41-51

Abstract

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.