The causality between energy consumption and economic growth in Turkey

Erdal, Gülistan; Erdal, Hilmi; Esengün, Kemal

doi:10.1016/j.enpol.2008.07.012

Cited by 194 publications

(78 citation statements)

References 20 publications

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“…This hypothesis is supported by Lise and van Montfort [28], Erdal et al [29], Huang et al [30], Mallick [31], Sa'ad [32], Binh [33], Qazi et al [34], and Soile [35]. Next, the feedback hypothesis is supported if bidirectional causality between energy consumption and growth is found.…”

Section: Economic Growth and Energy Consumptionsupporting

confidence: 68%

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Abosedra

Shahbaz

Sbia³

2015

Journal of Energy

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We investigate the relation between financial development, energy consumption, and economic growth in the economy of Lebanon over the period 2000M 2 -2010M 12 . Our findings confirm the existence of cointegration among the variables. The results indicate that financial development and energy consumption contribute to economic growth in Lebanon. The impact of energy consumption on economic growth is positive showing the significance of energy as a main stimulant of economic growth. Financial development is also found to play a vital role in enhancing economic growth. Financial development and economic growth also result in further increase in energy consumption. We offer some policy implications specific to Lebanon considering the recent discovery of large oil and gas reserves in the country and the historical importance of its banking sector which remains a center of Lebanon's serviceoriented economy.

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Section: Economic Growth and Energy Consumptionsupporting

confidence: 68%

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Abosedra

Shahbaz

Sbia³

2015

Journal of Energy

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“…Mehrara (2007) attempted to investigate the relationship between energy consumption and economic growth for 11 oil-exporting countries over the period from 1971 to 2002 and found a positive impact of economic growth on energy consumption. Erdal, Erdal and Esengün (2008) also reported bidirectional causality between economic growth and energy consumption for the Turkish economy. Lee et al (2008) studied the relationship between energy consumption and economic growth for 22 OECD countries by applying the Pedroni panel cointegration test.…”

Section: Electricity Consumption and Economic Growthmentioning

confidence: 99%

Dynamics of electricity consumption, oil price and economic growth: Global perspective

et al. 2017

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Abstract:This study uses the data from 157 countries from 1960 to 2014 to analyze the relationship between economic growth, electricity consumption, oil prices, capital, and labor. The economic growth of developing countries with industrial infrastructure has a more significant association with electricity consumption than oil prices. We use oil prices and electricity consumption jointly to study highly predictive observations for economic growth. The data are categorized by income, OECD and regional levels. The panel cointegration, long-run parameter estimation, and Pool Mean Group testsare used to analyze the cointegration and short-run and long-run relationships between the variables. The empirical results indicate the presence of cointegration between the variables. The presence of feedback effects between electricity consumption and economic growth, oil prices and economic growth is valid. These findings confirm that inspite of the oil prices, developing countries rely heavily on electricity consumption for economic growth. In the short run, growth and feedback effects suggest that more vigorous electricity policies should be implemented to attain sustainable economic growth for the long-term.

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“…Erdal et al [11] used the data over the period of 1970-2006 to reexamine the relationship between energy consumption and real GNP. They applied augmented Dickey-Fuller (ADF) and Philips-Perron (PP) unit root tests to test stationarity properties of both variables and Johansen cointegration for long run as well as Granger causality test for pair-wise causality.…”

Section: Literature Reviewmentioning

confidence: 99%

Revisiting the environmental Kuznets curve in a global economy

Shahbaz

Öztürk

Afza

et al. 2013

Renewable and Sustainable Energy Reviews

300

103

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Abstract:The present study deals with an empirical investigation between CO 2 emissions, energy intensity, economic growth and globalization using annual data over the period of 1970-2010 for Turkish economy. We applied unit root test and cointegration approach in the presence of structural breaks. The direction of causality between the variables is investigated by applying the VECM Granger causality approach. Our results confirmed the existence of cointegration between the series. The empirical evidence reported that energy intensity, economic growth (globalization) increase (condense) CO 2 emissions. The results also validated the presence of Environmental Kuznets curve (EKC). The causality analysis shows bidirectional causality between economic growth and CO 2 emissions. This implies that economic growth can be boosted at the cost of environment.

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The causality between energy consumption and economic growth in Turkey

Cited by 194 publications

References 20 publications

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

The Links between Energy Consumption, Financial Development, and Economic Growth in Lebanon: Evidence from Cointegration with Unknown Structural Breaks

Dynamics of electricity consumption, oil price and economic growth: Global perspective

Revisiting the environmental Kuznets curve in a global economy

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