Electricity Consumption and Economic Growth Causality Revisited: Evidence from Turkey
Muhammad Shahbaz (),
Ilhan Ozturk () and
Amjad Ali ()
Bulletin of Energy Economics (BEE), 2015, vol. 3, issue 4, 176-193
The study reconsiders the relationship between electricity consumption and economic growth by incorporating financial development, capital and labor as important factors of production using augmented production function in Turkey for the period of 1971-2009. In doing so, we applied the ARDL bounds testing approach and found long run relationship between electricity consumption, economic growth, financial development, capital and labour. Further, results indicated that electricity consumption, financial development, capital and labor have positive effect on economic growth. The VECM Granger causality analysis shows bidirectional causality between electricity consumption, economic growth, financial development, capital and labor. The findings have important policy implication to sustain economic growth through comprehensive energy policy and developing financial sector in Turkey
Keywords: Electricity consumption; Financial development; Economic growth (search for similar items in EconPapers)
JEL-codes: C32 Q43 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Working Paper: Electricity consumption and economic growth causality revisited: evidence from Turkey (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ijr:beejor:v:3:y:2015:i:4:p:176-193
Access Statistics for this article
Bulletin of Energy Economics (BEE) is currently edited by Dr. Muhammad Shahbaz (PhD Applied Economics)
More articles in Bulletin of Energy Economics (BEE) from The Economics and Social Development Organization (TESDO) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Shahbaz (PhD Applied Economics) (). This e-mail address is bad, please contact .