ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES

Adem Üzümcü; Ülker Çam Karakaş; Adem Karakaş

doi:10.37880/cumuiibf.526582

TR

ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES

Öz

In many studies analyzing the relationship between energy production or energy consumption, and economic growth; unilateral or bilateral causality relationship and mostly a cointegration relationship are discovered. Although quite a lot of studies about energy consumption and economic growth relationship have been done in the literature without making a distinction between energy importer and energy exporter countries; the number of studies that analysis the relationship between the change in energy import of net energy importer countries and economic growth is quite small. In this study, the relationship between the change in energy import and economic growth within the context of energy consumption in the sample of 23 net energy importer developed and developing countries has been tested with this purpose by using Pedroni (1999, 2004) panel cointegration test and Granger causality analysis. In the conclusion of the study, the findings that a change in energy import increases economic growth in a way that supports growth hypothesis, and the existence of bilateral causality between two variables in a way that confirms feedback hypothesis have been obtained.

Anahtar Kelimeler

energy import,economic growth,panel cointegration

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Adem Üzümcü ^*
Türkiye

Ülker Çam Karakaş
Türkiye

Adem Karakaş
Türkiye

Publication Date

November 30, 2019

Submission Date

February 13, 2019

Acceptance Date

November 1, 2019

Published in Issue

Year 2019 Volume: 20 Number: 2

DOI

https://doi.org/10.37880/cumuiibf.526582

IZ

https://izlik.org/JA47MK39EM

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RIS / Bibtex

APA

Üzümcü, A., Çam Karakaş, Ü., & Karakaş, A. (2019). ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES. Cumhuriyet Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 20(2), 317-334. https://doi.org/10.37880/cumuiibf.526582

ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES

Öz

Anahtar Kelimeler

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References

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