Energy Production and Economic Growth: A Causality Analaysis for Turkey Based on Computer

High levels of energy prices and the promise of international initiatives on decreasing the greenhouse gas emissions have regenerated the argument about the execution of energy conservation policies. This paper investigates the causal relationship between aggregated and disaggregated levels of energ...

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Bibliographic Details
Published in2010 International Conference on Machine Learning and Applications pp. 669 - 674
Main Authors Ozkan, Omer, Aktas, Muharrem, Kuyuk, Huseyin Serdar, Bayraktaroglu, Serkan
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.12.2010
Subjects
Economic growth
Economic indicators
Energy consumption
Energy production
Engle-Granger cointegration
Error correction
Granger causality
Mathematical model
Production
Time series analysis
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ISBN1424492114
9781424492114
DOI10.1109/ICMLA.2010.103

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Summary:High levels of energy prices and the promise of international initiatives on decreasing the greenhouse gas emissions have regenerated the argument about the execution of energy conservation policies. This paper investigates the causal relationship between aggregated and disaggregated levels of energy production, energy demand, energy import and economic growth for Turkey for the period of 1975-2007. The relationship between the energy production, energy demand, energy import and Gross Domestic Product is examined. To this end, Engle-Granger cointegration, Error Correction Model and Granger causality tests are applied in order to determine the aforementioned relation. It is found that the energy production has direct relationship with the GDP and it has causality effects.
ISBN:1424492114
9781424492114
DOI:10.1109/ICMLA.2010.103