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

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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./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

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