Economic Growth and Electricity Consumption in Emerging Countries of Europa: An Ardl Analysis

Bildirici, Melike; Kayıkçı, Fazıl

doi:10.1080/1331677x.2012.11517522

Cited by 13 publications

(8 citation statements)

References 188 publications

(10 reference statements)

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“…First, the A.R.D.L. procedure can be applied if the regressors are I(1) and/or I(0), while the Johansen (1988), Johansen and Juselius (1990) cointegration techniques require that all variables in the system be in equal order of integration (Bildirici & Kayıkcı, 2012). The A.R.D.L.…”

Section: Ardl Methodologymentioning

confidence: 99%

An analysis of biomass consumption and economic growth in transition countries

Bildirici

Özaksoy

2018

Economic Research-Ekonomska Istraživanja

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In this paper, the relationship between biomass energy consumption and economic growth was analysed for some European Transition Countries. Two econometrical methods, which are time series (Autoregressive Distributed Lag (A.R.D.L.) bounds testing approach and Granger Causality) and Panel data methods (Pedroni test, Panel Johansen test and Panel Causality test) were used to determine the cointegration relationship between the variables. A.R.D.L. and Granger Causality methods were practiced for Albania, Bulgaria and Romania for the 1981-2014 period. Panel Cointegration and Causality methods were applied for Bosnia and Herzegovina, Czech Republic, Hungary, Macedonia and Slovak Republic for the 1991-2014 period; and Croatia, Estonia, Latvia and Slovenia for the 1995-2014 period. According to the results, while short-run and long-run causality results demonstrate that the conservation hypothesis is valid for Albania and the countries in group 1, evidence of the growth hypothesis is supported for Bulgaria, Romania and the countries in group 2. In strong causality results, evidence of bidirectional causality for all countries is found.

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Section: Ardl Methodologymentioning

confidence: 99%

An analysis of biomass consumption and economic growth in transition countries

Bildirici

Özaksoy

2018

Economic Research-Ekonomska Istraživanja

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“…To control and check the ARDL specification, the empirical sources such as Feridun et al . (), Acaravci (), Feridun (), Yazici and Islam (), Ersoy (), Erdem and Tugcu (), Bildirici and Kayikci (), Insel and Kayikci (), Tang (), Joader et al . () were analysed in deep.…”

Section: Methodsmentioning

confidence: 99%

Staying vigilant of uncertainty to velocity of money: an application for oil‐producing countries

Şahin

2018

OPEC Energy Review

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Uncertainty in economic and financial variables has substantially changed the dynamics in monetary economics during the last two decades in oil‐producing countries. However, there are types of uncertainties which affect these countries heterogeneously in the short run and long run. For this purpose, Autoregressive Distributed Lag Model (ARDL) is estimated for oil‐producing countries and non‐homogenous results for money supply, income, oil, interest rate, US monetary policy and exchange uncertainties have been obtained.

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“…According to Bildirici and Kayikci (2012) Granger causality are tested in three ways. First, short run or weak Equations 5 and 6.…”

Section: The Specification For Causality Testmentioning

confidence: 99%

Energy Consumption and Inflation Dynamics in Nigeria: An ARDL Cointegration Approach

Bassey

Ekong

2019

Energy Economics Letters

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This paper investigated the dynamic relationship between energy consumption and inflation in Nigeria using time series data obtained for the period 1980 to 2017. Applying Autoregressive Distributed Lag (ADL) technique on the variables, the study found that Premium Motor Spirit (PMS), Dual Purpose Kerosene (DPK) and Natural gas were noninflationary in Nigeria both in consumption and prices over the period. Also, Automotive Gas Oil (AGO) consumption produces strong evidence of positive inflationary pressure but not in prices throughout the study period. Further, we found a strong causality link between natural gas consumption and inflation in Nigeria. We concluded that inflation in Nigeria is not majorly a demand-pull phenomenon, pulled by energy consumption. We provide both subjective and evidence-based reasons for the economic trend and recommend a bridge in the degrading systemic informality in the energy sector that will deliver real time effect of energy consumption-inflation proposition in Nigeria. Contribution/ Originality: This study documents that changes in Inflation in Nigeria is not necessarily a demand-pull phenomenon, pulled by energy consumption. Changes in inflation could be explained away from energy consumption, notably inflation expectation by the citizenry.

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Economic Growth and Electricity Consumption in Emerging Countries of Europa: An Ardl Analysis

Cited by 13 publications

References 188 publications

An analysis of biomass consumption and economic growth in transition countries

An analysis of biomass consumption and economic growth in transition countries

Staying vigilant of uncertainty to velocity of money: an application for oil‐producing countries

Energy Consumption and Inflation Dynamics in Nigeria: An ARDL Cointegration Approach

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