Electricity Consumption and Economic Growth in Turkey: Cointegration, Linear and Nonlinear Granger Causality

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dc.contributor.authorNazlioglu, S.
dc.contributor.authorKayhan, S.
dc.contributor.authorAdiguzel, U.
dc.date.accessioned2024-02-23T14:20:42Z
dc.date.available2024-02-23T14:20:42Z
dc.date.issued2014
dc.departmentNEÜen_US
dc.description.abstractThe purpose of this study is to examine causal relationships between the electricity consumption and economic growth in Turkey for the period 1967-2007. To accomplish this purpose, we utilize three analytical tools in time series econometrics: The bounds testing cointegration approach, the linear Granger causality test and the nonlinear Granger causality test. We depart from the existing literature on the energy consumption and economic growth nexus in Turkey by testing nonlinearity in the series and carrying out the nonlinear Granger causality test. The cointegration analysis shows that the electricity consumption and economic growth are cointegrated in the long-run. The linear Granger causality test based on the error correction model shows the bi-directional Granger causality in both the short- and the long-run between the electricity consumption and economic growth in Turkey. After filtering out the linear properties of the series with cointegration analysis, we carry out the Brock, Dechert, and Scheinkman nonlinearity test and find evidence of nonlinearity in the series. Therefore, the inferences from the nonlinear Granger causality test are more appropriate than the linear Granger causality analysis for Turkey. The nonlinear causality analysis supports the neutrality hypothesis, implying that electricity conservation policy will not damage the growth in the Turkish economy.en_US
dc.identifier.doi10.1080/15567249.2010.495970
dc.identifier.endpage324en_US
dc.identifier.issn1556-7249
dc.identifier.issn1556-7257
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-84887842628en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage315en_US
dc.identifier.urihttps://doi.org/10.1080/15567249.2010.495970
dc.identifier.urihttps://hdl.handle.net/20.500.12452/13252
dc.identifier.volume9en_US
dc.identifier.wosWOS:000326069200001en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherTaylor & Francis Incen_US
dc.relation.ispartofEnergy Sources Part B-Economics Planning And Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCointegrationen_US
dc.subjectEconomic Growthen_US
dc.subjectElectricity Consumptionen_US
dc.subjectLinear And Nonlinear Causalityen_US
dc.subjectTurkeyen_US
dc.titleElectricity Consumption and Economic Growth in Turkey: Cointegration, Linear and Nonlinear Granger Causalityen_US
dc.typeArticleen_US

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