The Relationship Between Electricity Generation, Electricity Consumption, and Economic Growth in Turkey 1975-2019

2021 ◽  
pp. 195-211
Author(s):  
Abdulkadir Keskin ◽  
Berat Kara
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Electricity Generation ◽  
Electric Energy ◽  
Electricity Consumption ◽  
Electrical Energy ◽  
Test Method ◽  
Causality Test ◽  
The Relationship ◽  
Electrical Energy Generation

Electric energy is very important both technologically and economically in today's countries. Countries can generate and consume more energy according to their level of development and the resources they have. In the literature, it is estimated in parallel with the development of countries; there will also be an increase in electrical energy generation and consumption. Similarly, in economies that generate and consume more electricity, it is assumed that this will affect their economic growth. But these assumptions need to be calculated econometrically. This study has been prepared for this purpose. In this study, the relationship between electricity generation, electricity consumption, and economic growth in Turkey was analyzed. In the analysis conducted for the period 1975-2019, the Toda-Yamamoto causality test method was preferred as the method. As a result of the analysis, it was determined that there is a causal relationship from electricity consumption and electricity generation to economic growth, valid for the period 1975-2019 in Turkey.

scholarly journals Electricity Consumption, Corruption and Economic Growth

2018 ◽  
Vol 6 (4) ◽  
pp. 193-214
Author(s):  
Busrat Abidemi Agbaje ◽  
Ekele Idachaba
Keyword(s):  
Economic Growth ◽  
Causal Relationship ◽  
Electricity Consumption ◽  
Electricity Price ◽  
African Countries ◽  
Causality Test ◽  
Long Run ◽  
Integration Techniques ◽  
Short Run ◽  
Electricity Infrastructure

An important prerequisite for reducing poverty, sustainable development and achievement of the millennium development goal has to some extent been tied to access to electricity. However, the subject matter; 'electricity consumption causing economic growth' has seen conflicting results from the theoretical and empirical front, if indeed a relationship exist at all. The study tests, within a panel context the long-run relationship between electricity consumption and economic growth for 13 African Countries from 2006 to 2017 by employing recently developed panel co-integration techniques. Implementing a three stage approach made up of panel unit root, panel co-integration and Granger causality test to examine the causal relationship between electricity consumption, electricity price, corruption, employment and growth. The study provides empirical evidence that a bidirectional causal relationship between electricity consumption and economic growth exist in the short run, suggesting that lack of electricity could hamper economic growth as well as an investment in electricity infrastructure would in turn improve economic growth. Also reveals that corruption causes the level of electricity consumption and GDP in the short run. On the long-run front electricity consumption and electricity price granger causes GDP and GDP causes electricity consumption.

scholarly journals An Empirical Analysis of the Link between Economic Growth and Exports in Côte d’Ivoire

2019 ◽  
Vol 12 (9) ◽  
pp. 94
Author(s):  
Daouda Coulibaly ◽  
Fulgence Zran Goueu
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Causal Relationship ◽  
Empirical Analysis ◽  
Annual Data ◽  
Short Term ◽  
Causality Test ◽  
Long Run ◽  
The Relationship

This paper aims to analyze the relationship between exports and economic growth in Côte d’Ivoire. In order to achieve this objective, annual data for the period 1960-2017 were tested by using the cointegration approach of Pesaran, Shin and Smith, including the causality test of Breitung and Schreiber. According to our analysis it is only exports that drive economic growth and not the opposite. Exports act positively and significantly on economic growth in the short term as well as in the long term. The causality test of Breitung and schreiber indicates a one-way long-run causal relationship ranging from exports to gross domestic product (GDP). All those results show that exports are a source of Ivorian economic growth.

Study of the Relationship among Economic Growth, Export and Energy Consumption in China

2014 ◽  
Vol 694 ◽  
pp. 542-546
Author(s):  
Xiao Wei Yang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Analytical Framework ◽  
Test Method ◽  
Causality Test ◽  
Equilibrium Relationship ◽  
The Relationship

This paper uses co-integration theories and Granger causality test method to analyze the inter-linkages among China's economic growth, export and energy consumption within a unified analytical framework. The results show that there exists a long-term equilibrium relationship between economic growth, exports and energy consumption, and economic growth and exports both promote energy consumption in the long term. Furthermore, there exist bi-directional Granger causality between economic growth and energy consumption, export and energy consumption respectively.

scholarly journals Econometric analysis of oil consumption and economic growth in Nepal

2012 ◽  
pp. 135-143
Author(s):  
Tara Prasad Bhusal
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Granger Causality ◽  
Electricity Generation ◽  
Granger Causality Test ◽  
Annual Data ◽  
Oil Consumption ◽  
Causality Test ◽  
Long Run ◽  
The Relationship

Oil is one of the main inputs for many sectors like transportation, manufacturing, electricity generation and others. Oil is also very important for the economic growth of Nepal. This paper examines the short and long-run causality between oil consumption and Gross Domestic Product for Nepal using annual data covering the period of 1975-2009. Granger causality test is employed to analyse the relationship between economic growth and oil consumption variables with same order of integration (I (1)). In this study is found that there exists bi-directional Granger causality between oil consumption and economic growth in the short and long run.Key words: Oilconsumption; Economic Growth; Causality; Co-integrationEconomic Journal of Development Issues Vol. 11 & 12 No. 1-2 (2010) Combined IssuePage: 135-143Uploaded date: 10 April, 2012

Discussion and Analysis on Electric Energy

2015 ◽  
Vol 740 ◽  
pp. 1019-1024
Author(s):  
Jing Hong Zhou ◽  
Biao Chen ◽  
Yu Lu
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Electric Energy ◽  
Electricity Consumption ◽  
Jilin Province ◽  
Integration Theory ◽  
Causality Analysis ◽  
Equilibrium Relationship ◽  
The Relationship

<span><p class="TTPAbstract"><span lang="EN-US">As the co-integration theory is introduced, this research attempts to explore the relationship between economic growth and electric consumption based on co-integration theory in Jilin province. The data we use comes from the economic and electricity data in Jilin Province during 1978 to 2013. The analysis results show that a long-term stable equilibrium relationship between electricity consumption and economic growth in Jilin province is existing. Based on the Granger causality analysis, we find that there is no Granger causality between electricity consumption and economic growth in Jilin Province.<o:p></o:p></span></p>

scholarly journals The relationship between electricity consumption and economic growth in Botswana

2013 ◽  
Vol 10 (4) ◽  
pp. 400-408 ◽  
Author(s):  
Kafayat Amusa ◽  
Temitope L.A. Leshoro
Keyword(s):  
Economic Growth ◽  
Electricity Generation ◽  
Production Capacity ◽  
Electricity Consumption ◽  
Electricity Production ◽  
Policy Reforms ◽  
Bounds Testing ◽  
Generation Capacity ◽  
The Relationship ◽  
Increased Activity

Concerted effort to diversify Botswana economy, in recent years, has seen increased activity of major sectors, which includes higher reliance on electricity. The demand and consumption of electricity within the Botswana economy increased substantially from the 1980’s. However there have been shortfalls in the country’s electricity generation capacity causing increased reliance on imports from neighbouring countries especially South Africa. Given the importance of electricity in Botswana, this study examined the relationship between electricity and economic growth, employing bounds testing approach to co-integration. Results obtained confirmed the importance of electricity for Botswana’s economic growth. The result also passed a battery of diagnostic tests. This study recommends the need for energy policy reforms that will enable increased electricity production capacity.

Investment Analysis of Electricity Industry Based on Cointegration Model

2012 ◽  
Vol 433-440 ◽  
pp. 2400-2405
Author(s):  
Xiao Ying He ◽  
Hui Zhou
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Empirical Studies ◽  
Electricity Consumption ◽  
Annual Data ◽  
Causality Test ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Relationship

By undertaking the cointegration theory with annual data over the period 1978-2008 in China, empirical studies on the relationship among power investment, electricity consumption and economic growth is carried out, and long-term equilibrium model and short-term vector error correction model are established; Granger causality test indicates that power investment is not the Granger causality of electricity consumption, while there exists bidirectional Granger causalities between electricity consumption and economic growth.

Empirical Research of the Relationship between Energy Consumption and Economic Growth in Beijing

2014 ◽  
Vol 962-965 ◽  
pp. 2220-2224
Author(s):  
Jie Yang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Causality Test ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Integration Test ◽  
The Relationship

This paper investigates the dynamic causal relationship between energy consumption and economic growth in Beijing over the period 1980-2012. The Johansen co-integration test, Granger causality test and the vector error correction model (VECM) are used to calculate the causal relationship between energy consumption and economic growth. The conclusion is that there exists a co-integration relationship between energy consumption and economic growth, and this relationship is a one way relationship from economic growth to energy consumption. Further, using VECM, the long-term and short-term elasticity from economy to energy consumption are 0.43 and 0.14 separately. Statistical analysis shows that, from 1980 to 2011, every 1% growth in GDP annually would drive energy consumption increasing rate by 0.43% correspondently.

Electricity consumption and economic growth in ASEAN

2017 ◽  
Vol 5 (2) ◽  
pp. 16
Author(s):  
Ahmad Ghazali Ismail ◽  
Arlinah Abd Rashid ◽  
Azlina Hanif
Keyword(s):  
Economic Growth ◽  
Energy Use ◽  
Electricity Consumption ◽  
Panel Estimation ◽  
Real Gdp ◽  
Long Run ◽  
Bidirectional Relationship ◽  
Short Run ◽  
Using Data ◽  
The Relationship

The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provides anything but consensus on either the existence of relations or direction of causality between the variables. This study extends research in this area by studying the long-run and causal relations between economic growth, electricity consumption, labour and capital based on the neo-classical one sector aggregate production technology mode using data of electricity consumption and real GDP for ASEAN from the year 1983 to 2012. The analysis is conducted using advanced panel estimation approaches and found no causality in the short run while in the long-run, the results indicate that there are bidirectional relationship among variables. This study provides supplementary evidences of relationship between electricity consumption and economic growth in ASEAN.

Sign in / Sign up

Export Citation Format

Share Document