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Is There a Necessity for an Alternative Energy Source Instead of Natural Gas in the Industrial Sector of Turkey?

In: Entrepreneurship, Business and Economics - Vol. 2

Author

Listed:
  • Mehmet Samet Erdem

    (Sinop University)

  • Mustafa Kemal Beser

    (Eskisehir Osmangazi University)

  • Hakan Acaroglu

    (Eskisehir Osmangazi University)

Abstract

This paper examines the causality relationship between natural gas consumption in industry sector and industrial growth within Granger causality technique and ARDL (autoregressive distributed lagged) model, testing for the period of 1976–2013 in Turkey. We have three main factors to choose this subject as a study. First of all, energy is a vital production factor related to economic growth. Secondly, because of industrial sector is one of the main sector in developing countries and Turkey is one of the developing countries in the world, industry takes the priority in our research. Lastly, natural gas is the most used primary energy source at industry. During analyzing these three factors, we tried to find the answer of necessity of an alternative energy sources at industry in Turkey. According to results, it is found that there is no causality relationship between natural gas consumption in industry sector and economic growth. As a conclusion, we offer an economic policy that, Turkey should find an alternative energy sources to continuing its growth.

Suggested Citation

  • Mehmet Samet Erdem & Mustafa Kemal Beser & Hakan Acaroglu, 2016. "Is There a Necessity for an Alternative Energy Source Instead of Natural Gas in the Industrial Sector of Turkey?," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 2, edition 1, pages 259-270, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-27573-4_17
    DOI: 10.1007/978-3-319-27573-4_17
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