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Do Energy Prices and Industrialization Affect Energy Intensity The Case of Turkey Under Structural Breaks

Author

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  • Mustafa NAİMOĞLU

    (Bingöl University)

  • Sefa ÖZBEK

    (Tarsus University)

Abstract

This study differs from other studies with the research of the energy density of Turkey, which imports more than half of its energy demand. While GDP per capita in Turkey increased by 347% in 2019 compared to 1968, energy consumption per capita increased by 324% in parallel with this. In other words, efficient use of energy in Turkey continues to be a big problem despite technological developments. Therefore, it is considered important to reduce energy intensity in Turkey, which is dependent on foreign energy. In this study, the relationship between GDP per capita, industrialization and energy prices, and energy intensity in the 1968-2019 period in the Turkish economy is investigated. The unit root process was determined by Perron (1989) and Zivot and Andrews (1992) tests, which allow structural breaks as an empirical method, and Gregory and Hansen (1996), a structural break cointegration test, was used. Empirical findings have shown that there is a long-term relationship between the variables. The Fully Modified Least Squares Method (FMOLS) estimator was used as the cointegration estimator. According to the cointegration estimation results, the increase in economic growth and energy price increases reduces energy intensity. However, higher industrialization leads to more intensive use of energy.

Suggested Citation

  • Mustafa NAİMOĞLU & Sefa ÖZBEK, 2022. "Do Energy Prices and Industrialization Affect Energy Intensity The Case of Turkey Under Structural Breaks," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 6(1), pages 275-294, August.
    • Handle: RePEc:bgo:journl:v:6:y:2022:i:1:p:275-294repec/bgo/
    DOI: https://doi.org/10.33399/biibfad.1001739
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    More about this item

    Keywords

    Energy intensity; industrialization; energy prices; economic growth; Turkey;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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