Multivariate Granger Causality between Electricity Generation, Exports, Prices and Economic Growth in Turkey

Authors

  • Halil Altıntas Erciyes University
  • Melike Kum Erciyes University

Abstract

This study is the first employing annual data for Turkey from 1970 to 2010 to examine the short and long-run causal relationship between economic growth, electricity generation, exports and prices in a multivariate model. According to the bounds test results, when electricity generation and economic growth are the dependent variable there are two cointegrating relationships. According to the results, long-run equilibrium relationship and long-term causality are found between economic growth, electricity generation, export and price. Hence, in the short-run, there are bi-directional causalities between economic growth- electricity generation, economic growth-export and electricity generation-export with feedback effect. Keywords: Electricity generation; economic growth; bounds testing; Granger causality; Turkey. JEL Classifications: O4; Q4

Downloads

Download data is not yet available.

Downloads

Published

2013-09-01

How to Cite

Altıntas, H., & Kum, M. (2013). Multivariate Granger Causality between Electricity Generation, Exports, Prices and Economic Growth in Turkey. International Journal of Energy Economics and Policy, 3(S), 41–51. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/573

Issue

Vol. 3 (2013): Special Issue For "International Conference on Energy Economics and Policy, 16-18 May 2013, Nevsehir, Turkey"

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.