publication . Article . 2015

Relationship between Energy Consumption and Real Gross Domestic Production in Turkey: A Co-integration Analysis with Structural Breaks

A. Oznur Umit; Elif Bulut;
Open Access
  • Published: 01 Dec 2015 Journal: Cilt: 5 Sayı: 4 (issn: 2146-4553, eissn: 2146-4553, Copyright policy)
  • Publisher: İlhan ÖZTÜRK
Abstract
Energy is one of the most fundamental requirements for a sustainable economy in many of the emerging countries. Being one of these emerging countries, Turkey has inadequate energy sources and this increases its foreign source dependency for energy. Likewise, experiencing negative energy shocks decreases the economic growth rate. Analyzing the relationship between energy consumption and economic growth by taking into account the structural changes caused by internal shocks and external shocks experienced in the country is of great importance for the Turkish economy. In this study, the long term relationship between energy consumption and real gross domestic produ...
Subjects
free text keywords: Energy Consumption, Economic Growth, Co-integration Test with Multiple Structural Breaks, energy consumption, economic growth, co-integration test with multiple structural breaks, Environmental sciences, GE1-350, Energy industries. Energy policy. Fuel trade, HD9502-9502.5
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