THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: COINTEGRATION AND CAUSALITY APPROACHES

Mahir Tosunoğlu; Halil Uçal

Makale detayları

THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: COINTEGRATION AND CAUSALITY APPROACHES

Yazarlar:

Mahir Tosunoğlu | Halil Uçal

Yayıncı:

Pamukkale University

Ana Başlıklar:

Zaman Serileri Analizi | Büyüme

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 67, pp.177-193

Belge Tipi:

Makale

Yayın Tarihi:

10/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001341949

pISSN:

1308-2922

Anahtar kelimeler:

Özet:

 With its increasing population and growing economy, Türkiyes demand for energy consumption is increasing rapidly. This study contributes to the energy-economic growth literature by examining the relationship between real gross domestic product and electricity consumption by adding the determinants of the production function in Türkiye, such as labor and capital, and using annual data for the period 1988-2019. Autoregressive Distributed Lag Bounds Test, Error Correction Mechanism and Granger Causality Test were used to evaluate the relationship between energy consumption EC, economic growth EG, labor, and capital in the long and short term. The results show that there is a cointegration relationship between EG and EC. The error correction coefficient is significant, and a short-term deviation recovers within a period of 2.5 years and reaches the long-term balance. Moreover, a causal relationship from EC to EG was determined. This reveals that EC plays an important role in Türkiyes EG paradigm and supports the growth hypothesis. It is suggested that policies should prioritize increasing energy investments in Türkiye in order to promote stable economic growth.

 With its increasing population and growing economy, Türkiyes demand for energy consumption is increasing rapidly. This study contributes to the energy-economic growth literature by examining the relationship between real gross domestic product and electricity consumption by adding the determinants of the production function in Türkiye, such as labor and capital, and using annual data for the period 1988-2019. Autoregressive Distributed Lag Bounds Test, Error Correction Mechanism and Granger Causality Test were used to evaluate the relationship between energy consumption EC, economic growth EG, labor, and capital in the long and short term. The results show that there is a cointegration relationship between EG and EC. The error correction coefficient is significant, and a short-term deviation recovers within a period of 2.5 years and reaches the long-term balance. Moreover, a causal relationship from EC to EG was determined. This reveals that EC plays an important role in Türkiyes EG paradigm and supports the growth hypothesis. It is suggested that policies should prioritize increasing energy investments in Türkiye in order to promote stable economic growth.

 With its increasing population and growing economy, Türkiyes demand for energy consumption is increasing rapidly. This study contributes to the energy-economic growth literature by examining the relationship between real gross domestic product and electricity consumption by adding the determinants of the production function in Türkiye, such as labor and capital, and using annual data for the period 1988-2019. Autoregressive Distributed Lag Bounds Test, Error Correction Mechanism and Granger Causality Test were used to evaluate the relationship between energy consumption EC, economic growth EG, labor, and capital in the long and short term. The results show that there is a cointegration relationship between EG and EC. The error correction coefficient is significant, and a short-term deviation recovers within a period of 2.5 years and reaches the long-term balance. Moreover, a causal relationship from EC to EG was determined. This reveals that EC plays an important role in Türkiyes EG paradigm and supports the growth hypothesis. It is suggested that policies should prioritize increasing energy investments in Türkiye in order to promote stable economic growth.

 Artan nüfus ve büyüyen ekonomisiyle Türkiyenin enerji tüketimine olan talebi hızla artmaktadır. Bu çalışma, reel gayri safi yurtiçi hasıla ile elektrik tüketimi arasındaki ilişkiyi emek ve sermaye gibi Türkiyedeki üretim fonksiyonunun belirleyicilerini ekleyerek ve 1988-2019 döneminin yıllık verilerini kullanarak, enerji-ekonomik büyüme literatürüne katkıda bulunmaktır. Uzun ve kısa vadede enerji tüketimi EC, ekonomik büyüme EG, emek ve sermaye arasındaki ilişkiyi değerlendirmek için Gecikmesi Dağıtılmış Otoregresif Sınır Testi, Hata Düzeltme Mekanizması ve Granger-Nedensellik Testi kullanılmıştır. Sonuçlar, EG ile EC arasında eşbütünleşme ilişkisi olduğu göstermektedir. Hata düzeltme katsayısı anlamlıdır ve kısa vadeli bir sapma 2,5 yıllık bir süre içinde düzelerek uzun vadeli dengeye kavuşur. ECden EGye doğru bir nedensellik ilişkisi tespit edilmiştir. Bu, Türkiyenin EG paradigmasında ECnin önemli bir rol oynadığını ve büyüme hipotezini desteklediğini ortaya koymaktadır. İstikrarlı ekonomik büyümeyi teşvik etmek için politikaların Türkiyede artan enerji yatırımlarını önceliklendirmesi önerilmektedir.

Makale detayları

THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH: COINTEGRATION AND CAUSALITY APPROACHES

Yazarlar:

Mahir Tosunoğlu | Halil Uçal

Yayıncı:

Pamukkale University

Ana Başlıklar:

Zaman Serileri Analizi | Büyüme

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 67, pp.177-193

Belge Tipi:

Makale

Yayın Tarihi:

10/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001341949

pISSN:

1308-2922

Economic Growth

Energy Consumption

ARDL

ECM

Granger CausalityEkonomik Büyüme

Enerji Tüketimi

ARDL

ECM

Granger Nedensellik

Sayı

Makale detayları

Yazarlar: Mahir Tosunoğlu | Halil Uçal

Yayıncı: Pamukkale University

Ana Başlıklar: Zaman Serileri Analizi | Büyüme

Dergi: Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 67, pp.177-193

Belge Tipi: Makale

Yayın Tarihi: 10/2025

Belge Dili: İngilizce

Document ID (Org No.): 2001341949

pISSN: 1308-2922

Sayı

Yazarlar:

Mahir Tosunoğlu | Halil Uçal

Yayıncı:

Pamukkale University

Ana Başlıklar:

Zaman Serileri Analizi | Büyüme

Dergi:

Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Issue 67, pp.177-193

Belge Tipi:

Makale

Yayın Tarihi:

10/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001341949

pISSN:

1308-2922