ANALYZING OF THE VALIDITY OF ENERGY-GROWTH HYPOTHESIS IN N-11 COUNTRIES

Ebru ÇAĞLAYAN AKAY; Zamira OSKONBAEVA

doi:https://doi.org/10.15637/jlecon.141

Makale detayları

ANALYZING OF THE VALIDITY OF ENERGY-GROWTH HYPOTHESIS IN N-11 COUNTRIES

Yazarlar:

Ebru ÇAĞLAYAN AKAY | Zamira OSKONBAEVA

Yayıncı:

Rating Academy

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Journal of Life Economics 2016 Vol.3 Issue 3, pp.101-118

Belge Tipi:

Makale

Yayın Tarihi:

7/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000741841

Sıklık:

Üç Aylık

eISSN:

2148-4139

DOI:

https://doi.org/10.15637/jlecon.141

Özet:

 


This study aims to determine which energy-growth hypothesis is valid in Next-11 countries. We
adopt a panel estimation techniques for the period of 1984-2010 to examine the possibility of growth,
conservative, feedback, or neutrality hypotheses for Next-11 countries. Firstly, second generat on unit
root test are used to invest gate stationarity properties of the variables because of the cross-sectional
dependence.Then a panel cointegrat on and panel causality approach are proposed to examine the
causal relationship between the variables. Finally, panel vector autoregress on model,impulse- response and variance decomposition analysis are applied using generalized moment methods.
The findings obtained from panel Granger causality test suggests that there is evidence of uni - directional causality between renewable energy consumption and economic growth in the short-term,
which is consistent with the growth hypothesis. It is also found that the responses of growth to a shock
of renewable energy consumption are positive. Since there is evidence indicating that renewable
energy consumption may trigger economic growth

.

 


This study aims to determine which energy-growth hypothesis is valid in Next-11 countries. We adopt a panel estimation techniques for the period of 1984-2010 to examine the possibility of growth, conservative, feedback, or neutrality hypotheses for Next-11 countries. Firstly, second generat on unit root test are used to invest gate stationarity properties of the variables because of the cross-sectional dependence.Then a panel cointegrat on and panel causality approach are proposed to examine the causal relationship between the variables. Finally, panel vector autoregress on model,impulse- response and variance decomposition analysis are applied using generalized moment methods. The findings obtained from panel Granger causality test suggests that there is evidence of uni - directional causality between renewable energy consumption and economic growth in the short-term, which is consistent with the growth hypothesis. It is also found that the responses of growth to a shock of renewable energy consumption are positive. Since there is evidence indicating that renewable energy consumption may trigger economic growth

.

Makale detayları

ANALYZING OF THE VALIDITY OF ENERGY-GROWTH HYPOTHESIS IN N-11 COUNTRIES

Yazarlar: Ebru ÇAĞLAYAN AKAY | Zamira OSKONBAEVA

Yayıncı: Rating Academy

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Journal of Life Economics 2016 Vol.3 Issue 3, pp.101-118

Belge Tipi: Makale

Yayın Tarihi: 7/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000741841

Sıklık: Üç Aylık

eISSN: 2148-4139

DOI: https://doi.org/10.15637/jlecon.141

Sayı

Yazarlar:

Ebru ÇAĞLAYAN AKAY | Zamira OSKONBAEVA

Yayıncı:

Rating Academy

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Journal of Life Economics 2016 Vol.3 Issue 3, pp.101-118

Belge Tipi:

Makale

Yayın Tarihi:

7/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000741841

Sıklık:

Üç Aylık

eISSN:

2148-4139

DOI:

https://doi.org/10.15637/jlecon.141