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The Relationship Between Energy Consumption and Economic Growth: Evidence From A Structural Break Analysis For Turkey

Author

Listed:
  • Mustafa SAATC

    (Nuh Naci Yazgan University, Faculty of Economics and Administrative Sciences, Kayseri, Turkey)

  • Yasemin DUMRUL

    (Usak University, Faculty of Economics and Administrative Sciences, Usak, Turkey)

Abstract

In this study the aim was to investigate empirically the role of energy consumption in economic growth for the Turkish economy. The data used include annual energy consumption and economic growth series from 1960 to 2008. We used aggregate as well as various disaggregate data on energy consumption, including, oil, electricity, coal and renewable energy. Our contribution is that we take a structural breaks modeling approach in this paper. In the literature, the Kejriwal cointegration test has not been applied to date. The main conclusion of the study was that Turkey s energy consumption and economic growth has a positive relationship varying quantity with structural breaks.

Suggested Citation

  • Mustafa SAATC & Yasemin DUMRUL, 2013. "The Relationship Between Energy Consumption and Economic Growth: Evidence From A Structural Break Analysis For Turkey," International Journal of Energy Economics and Policy, Econjournals, vol. 3(1), pages 20-29.
    • Handle: RePEc:eco:journ2:2013-01-3
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    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Environmental and Natural Resource Economics > Energy Economics > Energy and Macroeconomy

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    More about this item

    Keywords

    Energy Consumption; Economic Growth; Cointegration with Structural Breaks; Turkey;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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