Yıl 2019, Cilt: 20 Sayı : 2 Sayfalar 317 - 334 2019-11-30
ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES
Adem ÜZÜMCÜ,Ülker ÇAM KARAKAŞ,Adem KARAKAŞ
14 261

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
Abosedra, S. and H. Baghestani (1989), “New Evidence on The Causal Relationship Between United States Energy Consumption and Gross National Product”, Journal of Energy Development, Vol: 14, pp. 285–292.
Birincil Dil en
Konular Sosyal
Yayımlanma Tarihi 30 Kasım 2019
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Yayımlanma Tarihi : 30 Kasım 2019


Makalenin Yazarları
Adem ÜZÜMCÜ
Ülker ÇAM KARAKAŞ
Adem KARAKAŞ