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BUSINESS AND ECONOMICS RESEARCH JOURNAL

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Article Information
Journal: Business and Economics Research Journal
Title of Article: Tuba Hanifi, Aysun Eser Ozen
Author(s): Effects of Sectoral Energy Consumption on Economic Growth: The Case of Turkey (1972-2015)
Volume: 9
Number: 3
Year: 2018
Page: 499-512
ISSN: 2619-9491
DOI Number: 10.20409/berj.2018.119
Abstract
The aim of this study is to analyse the impact of energy consumption on economic growth in the basis of main sectors, between the years 1972-2015 in Turkey. The dependency between variables was tested by the method of Horizontal Cross Section (CD test), then the causality between energy consumption and Gross Domestic Product was analysed by using the heterogeneous panel test developed by Dumitrescu and Hurlin. Unidirectional causality from growth to energy consumption was found for Turkey. In terms of the main sectors, unidirectional causality from growth to energy consumption in the agricultural sector and bi-directional causality between growth and energy consumption in the services sector was found. In terms of the industrial sector, no causality was found.

Keywords: Energy Consumption, Economic Growth, Sectors, Causality, Turkey

JEL Classification: C33, Q43, E23, O49

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