Agricultural Energy Consumption-Economic Growth Relationship in Turkish Economy: A Hidden Cointegration Analysis

Servet Kapçak; Murat Çetin; Aycan Can

Makale detayları

Agricultural Energy Consumption-Economic Growth Relationship in Turkish Economy: A Hidden Cointegration Analysis

Yazarlar:

Servet Kapçak | Murat Çetin | Aycan Can

Yayıncı:

Tekirdag Namik Kemal University

Ana Başlıklar:

Tarım Ekonomisi (Diğer)

Dergi:

Tekirdağ Ziraat Fakültesi Dergisi Vol.20 Issue 3, pp.605-619

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001298322

pISSN:

1302-7050

Anahtar kelimeler:

Özet:

 According to energy economists, the energy factor underlies economic growth and development. In this approach, energy is accepted as an indispensable production factor in the production of all goods and services. In addition, it is known that agricultural activities are at the forefront at the beginning of development, and a structural transformation has taken place from agriculture to industry and from the industrial sector to the service sector. However, due to the developments in the world economy in recent years and the fact that the agricultural sector plays a key role in the country, many countries attach special importance to the development of this sector. The development of the agricultural sector brings the need to increase the amount of energy used by this sector. The increase in energy costs day by day puts the agriculture sector in a difficult situation, and how the increasing energy consumption will affect the economic growth of the country emerges as a research topic. The literature investigating the relationship between energy consumption and economic growth rarely addresses this issue on a sectoral basis. In this context; It is important whether energy consumption in the agricultural sector can affect economic growth. This study aims to investigate the relationship between agricultural energy consumption and economic growth for the Turkish economy in the period of 1990-2018. The results of the ADF and PP unit root tests used for the stationarity analysis of the variables reveal that the variables become stationary at the first difference. The long-term relationship between the variables is investigated using the Hatemi J-Irandoust hidden cointegration test, which is one of the new generation tests. The coefficients of the variables and the causality relationship are examined with the FMOLS technique and the hidden error correction model, respectively. The findings show the existence of a cointegration between the  component of agricultural energy consumption and the  component of economic growth. The findings also indicate the existence of a positive relationship between the  component of agricultural energy consumption and the  component of economic growth. Finally, there is a unidirectional causality running from the  component of economic growth to  component of agricultural energy consumption. These results show that agricultural energy consumption has an impact on Turkeys economic growth. The study can offer some policy recommendations related to the agricultural sector for the growth of the Turkish economy.

 According to energy economists, the energy factor underlies economic growth and development. In this approach, energy is accepted as an indispensable production factor in the production of all goods and services. In addition, it is known that agricultural activities are at the forefront at the beginning of development, and a structural transformation has taken place from agriculture to industry and from the industrial sector to the service sector. However, due to the developments in the world economy in recent years and the fact that the agricultural sector plays a key role in the country, many countries attach special importance to the development of this sector. The development of the agricultural sector brings the need to increase the amount of energy used by this sector. The increase in energy costs day by day puts the agriculture sector in a difficult situation, and how the increasing energy consumption will affect the economic growth of the country emerges as a research topic. The literature investigating the relationship between energy consumption and economic growth rarely addresses this issue on a sectoral basis. In this context; It is important whether energy consumption in the agricultural sector can affect economic growth. This study aims to investigate the relationship between agricultural energy consumption and economic growth for the Turkish economy in the period of 1990-2018. The results of the ADF and PP unit root tests used for the stationarity analysis of the variables reveal that the variables become stationary at the first difference. The long-term relationship between the variables is investigated using the Hatemi J-Irandoust hidden cointegration test, which is one of the new generation tests. The coefficients of the variables and the causality relationship are examined with the FMOLS technique and the hidden error correction model, respectively. The findings show the existence of a cointegration between the  component of agricultural energy consumption and the  component of economic growth. The findings also indicate the existence of a positive relationship between the  component of agricultural energy consumption and the  component of economic growth. Finally, there is a unidirectional causality running from the  component of economic growth to  component of agricultural energy consumption. These results show that agricultural energy consumption has an impact on Turkeys economic growth. The study can offer some policy recommendations related to the agricultural sector for the growth of the Turkish economy.

 According to energy economists, the energy factor underlies economic growth and development. In this approach, energy is accepted as an indispensable production factor in the production of all goods and services. In addition, it is known that agricultural activities are at the forefront at the beginning of development, and a structural transformation has taken place from agriculture to industry and from the industrial sector to the service sector. However, due to the developments in the world economy in recent years and the fact that the agricultural sector plays a key role in the country, many countries attach special importance to the development of this sector. The development of the agricultural sector brings the need to increase the amount of energy used by this sector. The increase in energy costs day by day puts the agriculture sector in a difficult situation, and how the increasing energy consumption will affect the economic growth of the country emerges as a research topic. The literature investigating the relationship between energy consumption and economic growth rarely addresses this issue on a sectoral basis. In this context; It is important whether energy consumption in the agricultural sector can affect economic growth. This study aims to investigate the relationship between agricultural energy consumption and economic growth for the Turkish economy in the period of 1990-2018. The results of the ADF and PP unit root tests used for the stationarity analysis of the variables reveal that the variables become stationary at the first difference. The long-term relationship between the variables is investigated using the Hatemi J-Irandoust hidden cointegration test, which is one of the new generation tests. The coefficients of the variables and the causality relationship are examined with the FMOLS technique and the hidden error correction model, respectively. The findings show the existence of a cointegration between the  component of agricultural energy consumption and the  component of economic growth. The findings also indicate the existence of a positive relationship between the  component of agricultural energy consumption and the  component of economic growth. Finally, there is a unidirectional causality running from the  component of economic growth to  component of agricultural energy consumption. These results show that agricultural energy consumption has an impact on Turkeys economic growth. The study can offer some policy recommendations related to the agricultural sector for the growth of the Turkish economy.

 Enerji ekonomistlerine göre ekonomik büyüme ve kalkınmanın temelinde enerji faktörü yatmaktadır. Bu yaklaşımda enerji tüm mal ve hizmetlerin üretimi sürecinde olmazsa olmaz bir üretim faktörü olarak kabul edilmektedir. Ayrıca kalkınmanın başlangıcında tarımsal faaliyetlerin ön planda olduğu, tarımdan sanayiye sanayi sektöründen de hizmet sektörüne doğru bir yapısal dönüşümün gerçekleştiği bilinmektedir. Bununla birlikte gerek son yıllarda dünya ekonomisinde yaşanan gelişmeler gerekse tarım sektörünün ülkede kilit fonksiyonlar görmesi nedeniyle pek çok ülke bu sektörün gelişimine özel bir önem atfetmektedir. Tarım sektörünün gelişim göstermesi bu sektör tarafından kullanılan enerji miktarının da artırılması ihtiyacını gündeme getirmektedir. Enerji maliyetlerinin günden güne artış göstermesi tarım sektörünü zora sokmakla birlikte artan enerji tüketiminin ülkenin ekonomik büyümesini nasıl etkileyeceği bir araştırma konusu olarak ortaya çıkmaktadır. Enerji tüketimi-ekonomik büyüme ilişkisini araştıran literatür bu konuyu sektörel bazda nadiren ele almaktadır. Bu bağlamda; tarım sektöründeki enerji tüketiminin ekonomik büyümeyi etkileyip etkileyemeyeceği önem arz etmektedir. Bu çalışma tarımsal enerji tüketimi-ekonomik büyüme ilişkisini Türkiye ekonomisi için 1990-2018 döneminde araştırmayı amaçlar. Değişkenlerin durağanlık analizi için kullanılan ADF ve PP birim kök testi sonuçları değişkenlerin birinci farkında durağan hale geldiğini ortaya koymaktadır. Değişkenler arasındaki uzun dönem ilişkisi yeni nesil testlerden biri olan Hatemi J-Irandoust saklı eşbütünleşme testi kullanılarak araştırılmaktadır. Değişkenlerin katsayıları ve nedensellik ilişkisi sırasıyla FMOLS tekniği ve saklı hata düzeltme modeli ile incelenmektedir. Bulgular tarımsal enerji tüketimi  bileşeni ile ekonomik büyüme  bileşeni arasında bir eşbütünleşmenin varlığını göstermektedir. Bulgular aynı zamanda tarımsal enerji tüketimi  bileşeni ile ekonomik büyüme  bileşeni arasında pozitif bir ilişkinin varlığını işaret etmektedir. Son olarak ekonomik büyüme  bileşeninden tarımsal enerji tüketimi  bileşenine doğru işleyen tek yönlü bir nedensellik söz konusudur. Bu sonuçlar, Türkiyenin ekonomik büyümesinde tarımsal enerji tüketiminin etki sahibi olduğunu göstermektedir. Çalışma, Türkiye ekonomisinin büyümesi için tarım sektörü ile ilişkili bazı politika tavsiyeleri sunabilmektedir.

Makale detayları

Agricultural Energy Consumption-Economic Growth Relationship in Turkish Economy: A Hidden Cointegration Analysis

Yazarlar:

Servet Kapçak | Murat Çetin | Aycan Can

Yayıncı:

Tekirdag Namik Kemal University

Ana Başlıklar:

Tarım Ekonomisi (Diğer)

Dergi:

Tekirdağ Ziraat Fakültesi Dergisi Vol.20 Issue 3, pp.605-619

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001298322

pISSN:

1302-7050

Agricaltural energy consumption

Economic growth

Hidden cointegration

Hidden error correction modelEkonomik büyüme

Saklı eşbütünleşme

Türkiye

Saklı hata düzeltme modeli

Tarımsal enerji tüketimi

Sayı

Makale detayları

Yazarlar: Servet Kapçak | Murat Çetin | Aycan Can

Yayıncı: Tekirdag Namik Kemal University

Ana Başlıklar: Tarım Ekonomisi (Diğer)

Dergi: Tekirdağ Ziraat Fakültesi Dergisi Vol.20 Issue 3, pp.605-619

Belge Tipi: Makale

Yayın Tarihi: 9/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001298322

pISSN: 1302-7050

Sayı

Yazarlar:

Servet Kapçak | Murat Çetin | Aycan Can

Yayıncı:

Tekirdag Namik Kemal University

Ana Başlıklar:

Tarım Ekonomisi (Diğer)

Dergi:

Tekirdağ Ziraat Fakültesi Dergisi Vol.20 Issue 3, pp.605-619

Belge Tipi:

Makale

Yayın Tarihi:

9/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001298322

pISSN:

1302-7050