Energy Imports and Growth Perspective: the Case of Turkey

• Authors: Yılmaz Kubilay Çağrı , Taş Taner , Yapraklı Halil
• Languages of publication: EN

Abstracts

EN

In recent years, the main macroeconomic problem of Turkey is current deficits. In order to realize sustainable growth, the balance of payment should be kept under control. This control system is directly depends on minimization of current deficits. One of the main reasons of Turkey’s current account deficits is energy imports. By applying the Johansen co-integrated analysis, this paper aims to identify the relationship between energy consumption and economic growth by using the data set between the years 1984–2012 with reference to VAR (Vector Auto Regression). Furthermore, unit root test was applied to the data which is the traditional unit root tests ADF (Augmented Dickey Fuller), PP (Phillip–Perron) and KPSS (Kwiatkowski–Phillips–Schmidt–Shin) and taking into account the structural break test was performed Zivot–Andrews. In addition to examining the long-term relationship between the two variables, taking into account the structural break in the cointegration test Engle–Granger and taking into account the structural break Hatemi-J cointegration test were applied. According to the results of the analysis, we reached that there is a relationship between energy consumption and economic growth.

Keywords

EN

Co-integration; Current account deficits; Energy Consumption; Economic Growth; Ziwot, Hatemi-J

• Publisher: Wydawnictwo Adam Marszałek
• Journal: Polish Political Science Yearbook
• Year: 2015
• Volume: 44
• Pages: 283-299

Contributors

author

Yılmaz Kubilay Çağrı

• Celal Bayar University-Manisa

author

Taş Taner

• Celal Bayar University-Manisa

author

Yapraklı Halil

• Celal Bayar University-Manisa

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Identifiers

DOI

10.15804/ppsy2015019