Sectoral energy consumption and economic growth nexus in Turkey
Energy Education Science and Technology Part B: Social and Educational Studies, vol.3, no.4, pp.441-448, 2011 (SCI-Expanded, Scopus)
- Publication Type: Article / Article
- Volume: 3 Issue: 4
- Publication Date: 2011
- Journal Name: Energy Education Science and Technology Part B: Social and Educational Studies
- Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
- Page Numbers: pp.441-448
- Yıldız Technical University Affiliated: No
Abstract
The paper examines the nexus between sectoral energy consumption and economic growth for Turkey with annual data over the period 1970-2007. In order to analyze the relationship between sectoral energy consumption and economic growth econometrically, the stationarity test, VAR model, co-integration test, Granger causality test, impulse-response functions and variance decompositions are used. Findings showed that energy consumption by sector and economic growth are cointegrated they have a long-term relationship. Moreover it was seen that energy consumption in agriculture and industry have a positive impact on economic growth but energy consumption in households and transportation have a negative impact on economic growth.