Modeling Energy Consumption for Growth in an Open Economy: ARDL and Causality Analysis for Turkey

Yorucu, Vedat; Mehmet, Özay

doi:10.1080/15435075.2014.893437

Cited by 10 publications

(12 citation statements)

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“…Therefore, the study surmised that tourism is a significant contributor to energy consumption in Turkey. Similarly, Katircioğlu (2014b) and Yorucu and Mehmet (2015) discovered the same results in Singapore and Turkey respectively. However, Katircioğlu et al (2014) examined whether tourism expansion induces energy consumption and/or CO 2 emissions in Cyprus.…”

Section: Studies On the Nexus Of Energy Consumption And Tourismsupporting

confidence: 63%

“…Kelly and Williams (2007) (2013), Katircioglu (2014aKatircioglu ( , 2014b, Katircioğlu et al (2014) and Yorucu and Mehmet (2015) are among the examples of studies that touched on the link between tourism and energy consumption. Lai et al (2011) employed the Johansen cointegration and Granger causality tests to assess the association among electricity consumption, tourism and other control variables in China.…”

Section: Studies On the Nexus Of Energy Consumption And Tourismmentioning

confidence: 99%

“…Katircioğlu et al (2014) 1970-2009 (A) Cyprus ARDL; Granger causality -VECM EC; TOUR; CO2 EC  TOUR 46. Yorucu and Mehmet (2015) 1960-2010 (A) Turkey ARDL; Granger causality -VECM EC; TOUR; CO2 TOUR  EC Note: EC = Energy consumption, EG = economic growth (GDP or GNP), K = capital, L = labour force (population), CO2 = Carbon dioxide emission, P = Price, TE = Technology innovation, XM = Total trade (Export plus import), FDI = Foreign direct investment, DI = Domestic direct investment, TOUR = Tourism, RER = Real exchange rates, GHE = Government spending on health, IM = Import, EX = Export, FD = Financial development, PS = Political stability, and GNS = Gross national savings. ARDL = Autoregressive distributed lag, VAR = Vector autoregression, AVAR = Augmented VAR, VECM = Vector error-correction model, IRF = Impulse response function, VD = Variance decomposition, GIRF = Generalised IRF, TYDL = TodaYamamoto-Dolado-Lütkepohl, and ECM = Error-correction model.…”

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confidence: 99%

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Dynamic inter-relationships among tourism, economic growth and energy consumption in India

Tang

Tiwari

Shahbaz

2016

Geosystem Engineering

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This study attempts to explore the dynamic causal and inter-relationships among tourism, economic growth and energy consumption in India. This study covers the annual data from 1971 to 2012. This study applies the cointegration and generalised variance decomposition methods to verify the relationship. The bounds testing approach to cointegration and the Gregory-Hansen test for cointegration with structural break consistently reveal that energy consumption, tourism and economic growth in India are cointegrated. We find that tourism and economic growth strongly affects energy consumption in the long-run. Additionally, we also find that tourism and economic growth in India are inter-related, but the causal effect of tourism on economic growth is stronger than the other way around in both the short-and long-run. Therefore, this study concludes that the tourism-led growth hypothesis is valid but the energy-led growth hypothesis is invalid in India. With such findings, we can confirm that tourism is an important catalyst of growth to the Indian economy. Therefore, policymakers should promote and expand tourism industry in order to sustain the process of economic growth and development in India.Keywords: Cointegration; Economic growth; Energy consumption, Tourism; Variance decomposition 2 INTRODUCTIONOver the past decades, many studies pertaining to the engines of growth have been conducted with respect to developing countries. This is mainly due to the reason that they attempt to find an effective pillar to upgrade their status to developed countries. From our reading, we observe that energy and tourism are two common factors that hotly debated in the economic growth literature. Numerous studies have been conducted to verify the role of energy consumption and tourism in economic growth. However, their efforts failed to find a consistent causal relationship among economic growth, tourism and energy consumption.Some studies suggested that energy consumption and tourism stimulate long-term economic growth (e.g. Lean and Smyth, 2010;Lean and Tang, 2010;Hye and Khan, 2013;Tang and Shahbaz, 2013;Soares et al., 2014;, while other studies claimed the other way around or not related at all (e.g. Cheng, 1999;Ghosh, 2002;Oh, 2005; Katircioğlu, 2009;Alam et al., 2011;Ghosh, 2011;Ozturk and Acaravci, 2009). Therefore, it is very hard to derive a useful guideline for policymakers elsewhere to design appropriate growth policies for their economies.Apart from the ambiguity in the results, almost all existing studies likely to look at the impacts of energy consumption and tourism on economic growth separately, where these variables should be inter-related in nature. For example, tourism-related infrastructures and facilities require energy (e.g. oil and electricity) to operate them and energy is also one of the inputs of production that may link to economic growth. On the other hand, an increase in output and tourism demand such as tourist arrivals would increase the demand for energy.Then, an increase in international touri...

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Section: Studies On the Nexus Of Energy Consumption And Tourismsupporting

confidence: 63%

Section: Studies On the Nexus Of Energy Consumption And Tourismmentioning

confidence: 99%

mentioning

confidence: 99%

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Dynamic inter-relationships among tourism, economic growth and energy consumption in India

Tang

Tiwari

Shahbaz

2016

Geosystem Engineering

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“…Tourism requires vast amounts of energy for manufacturing products and providing services aimed at satisfying tourist expectations and needs (Kelly & Williams, 2007: 67-68). Energy provides amenities and facilities in the tourism destination and facilitates the transportation of tourists (Becken, 2002: 127-129;Becken & Simmons, 2002: 352-353;Katircioglu, 2014: 186;Yorucu & Mehmet, 2015: 1197. In 2018 alone, the EU welcomed about 440 million foreign tourists.…”

Section: Introductionmentioning

confidence: 99%

“…Although lodging facilities and transport for tourists are major sources for final energy consumption, "the role of energy consumption in tourism is nearly ignored" in relevant literature (Tiwari et al, 2013: 249). Katircioglu (2014:186-187), as well as Yorucu and Mehmet (2015: 1202-1204) reported that tourism causes energy consumption while Tiwari and his associates (2013:258) reported that energy consumption has an impact on tourism.…”

Section: Introductionmentioning

confidence: 99%

The Impact of International Tourism on Energy Consumption: A Panel Study of the Western Balkans and the European Union

Petrović

Dimitrijević²

2020

FU Law Pol

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During the 21st century, international tourism has recorded a steady increase and a growing importance for the economic growth and development of many countries. Yet, tourism in general and international tourism in particular require a vast amount of energy for products and services that are needed to satisfy tourists` needs and wants. The purpose of this paper is to analyze the impact of international tourism on the final energy consumption in the Western Balkans and the European Union (EU) countries in the period from 2007 to 2017. The results of regression analysis indicate that the impact of the number of foreign tourists on final energy consumption depends on the level of international tourism development. Concurrently, the results indicate that population and GDP per capita have an important impact on the final energy consumption in the EU and the Western Balkans countries.

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Dynamic links among tourism, energy consumption, and economic growth: Empirical evidences from top tourist destination countries in Asia

Azam

Abdullah

2021

Journal of Public Affairs

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Achieving sustainable development is the prime objective of every government.Based on Solow's theoretical proposition, this study attempts to explore empirically the linkages between tourism, energy consumption, and economic growth, for the top nine Asian travel and tourism countries including Indonesia between 1995 and 2018. The fully modified ordinary least squares method and Granger's causality

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Modeling Energy Consumption for Growth in an Open Economy: ARDL and Causality Analysis for Turkey

Cited by 10 publications

References 36 publications

Dynamic inter-relationships among tourism, economic growth and energy consumption in India

Dynamic inter-relationships among tourism, economic growth and energy consumption in India

The Impact of International Tourism on Energy Consumption: A Panel Study of the Western Balkans and the European Union

Dynamic links among tourism, energy consumption, and economic growth: Empirical evidences from top tourist destination countries in Asia

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