IDEAS home Printed from https://ideas.repec.org/a/ris/buecrj/0150.html
   My bibliography  Save this article

The Analysis of the Long-Run Relationship Between Oil Consumption and Real GDP in Turkey Through Johansen Co-Integration Method

Author

Listed:
  • Ceylan, Reşat

    (Pamukkale University)

  • Başer, Seda

    (Pamukkale University)

Abstract

The main purpose of this study is to examine whether there is a long run relationship between oil consumption and real GDP in Turkey during the period 1965-2011 or not. If there is any relationship between these variables, to determine the direction of this relationship. For this purpose, the Johansen-Juselius Co-integration Method (1990) is used together with the Error Correction Model. According to the findings, there is one co-integration relationship between the series. Error correction mechanism works and the direction of the relationship is from oil consumption to real GDP. This result is important as of it demonstrates that Turkey has been depended to energy.

Suggested Citation

  • Ceylan, Reşat & Başer, Seda, 2014. "The Analysis of the Long-Run Relationship Between Oil Consumption and Real GDP in Turkey Through Johansen Co-Integration Method," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 5(2), pages 47-60, April.
    • Handle: RePEc:ris:buecrj:0150
    as

    Download full text from publisher

    File URL: http://www.berjournal.com/the-analysis-of-the-long-run-relationship-between-oil-consumption-and-real-gdp-in-turkey-through-johansen-co-integration-method
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Özgür Özaydın* & H. Alper Güzel, 2019. "Oil Consumption and Economic Growth in Turkey: An ARDL Bounds Test Approach in the Presence of Structural Breaks," Business, Management and Economics Research, Academic Research Publishing Group, vol. 5(6), pages 77-85, 06-2019.

    More about this item

    Keywords

    Co-integration; economic growth; oil consumption; error correction model; Turkish Economy;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:buecrj:0150. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adem Anbar (email available below). General contact details of provider: https://edirc.repec.org/data/iiulutr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.