Izvorni znanstveni članak
THE CAUSAL RELATIONSHIP BETWEEN ELECTRICITY CONSUMPTION AND GDP IN TURKEY: EVIDENCE FROM ARDL BOUNDS TESTING APPROACH
Ali Acaravci
Sažetak
This paper investigates the long-run and causal relationship between electricity consumption and
economic growth in Turkey by using the ARDL cointegration test and Granger causality models. It
employs annual data covering the period of 1977–2006. The ARDL cointegration test yields evidence
of a long-run relationship between electricity consumption per capita and real GDP per capita. The
results from the Granger causality models indicate that there is an evidence of unidirectional causality
running from the electricity consumption to economic growth in the long-run. The overall results
confirm the “Growth hypothesis” for Turkey. This implies that, energy conservation policies, such as
rationing electricity consumption, are likely to have an adverse effect on real GDP of Turkey.†
Ključne riječi
Electricity consumption; Economic growth; ARDL bounds testing
Hrčak ID:
57910
URI
Datum izdavanja:
1.7.2010.
Posjeta: 2.607 *