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Multivariate Granger Causality between Electricity Generation, Exports, Prices and Economic Growth in Turkey

Halil Alt Ntas and Melike Kum
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Halil Alt Ntas: Erciyes University, Faculty of Economics and Administrative Sciences, Turkey
Melike Kum: Erciyes University, Faculty of Economics and Administrative Sciences, Turkey

International Journal of Energy Economics and Policy, 2013, vol. 3, issue Special, 41 - 51

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 (search for similar items in EconPapers)
JEL-codes: O4 Q4 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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