Author/Authors
UZUN, Ahmet Cumhuriyet Üniversitesi - İİBF - İktisat Bölümü, Turkey , EMSEN, Ö. Selçuk Atatürk Üniversitesi - İİBF - İktisat Bölümü, Turkey , YALÇIKAYA, Ömer Ağrı İbrahim Çeçen Üniversitesi - Doğubayazıt MYO - Dış Ticaret Bölümü, Turkey , HÜSEYNİ, İbrahim Şırnak Üniversitesi - Silopi MYO - Yönetim ve Organizasyon Bölümü, Turkey
Title Of Article
Total Electricity Generation and its Relation to Economic Growth: The Case of Turkey (1980-2010)
شماره ركورد
43178
Abstract
It has been known that the consumption of electricity has been directly related with the economic activities in many countries. The reasons for increase of electricity demand are generally the higher living standards and industrialization. Like in other developing countries, the demand for energy and electrical energy in Turkey as well has been growing so rapidly due to the social and economic developments and with the increase of the population of the country. In order to meet the increasing electricity demand and deal with the supply shortage of electricity, therefore, it can be said that it should be to supply the continuity of investments for electrical energy in Turkey. In this study, it is aimed to examine whether there is a systematic relationship between electricity generation and economic growth in Turkey, for the period of 1980–2010, by using Vector Error-Correction Modelling (VECM). For this reason, in the first stage, by examining the degree of Co-integration between energy generation and Gross Domestic Product (GDP), it was determined that the variables were co-integrated each other in the first rank. In the second stage, long-run relationship between electricity generation and GDP were investigated. In the third stage, the long-run relationship was estimated and ultimately, the test for causality was performed by using the Vector Error Correction Model. With the results obtained, a long-run unidirectional causality relationship between GDP and total electricity generation was found. In other words, it was determined that there was a unidirectional causality running from economic growth to total electricity generation without any feedback effect. Therefore, it can be argued that economic growth stimulates further electricity generation in Turkey.
From Page
327
NaturalLanguageKeyword
Economic Growth , Total Electricity Generation , VECM (Vector Error , Correction Models)
JournalTitle
Journal Of Graduate School Of Social Sciences
To Page
344
JournalTitle
Journal Of Graduate School Of Social Sciences
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