EconPapers    
Economics at your fingertips  
 

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

Abstract: 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)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://tesdo.org/shared/upload/pdf/papers/BEE,%203_4_,%20176-193%20.pdf (application/pdf)
http://tesdo.org/journal_detail.php?paper_id=163&expand_year=2015 (text/html)

Related works:
Working Paper: Electricity consumption and economic growth causality revisited: evidence from Turkey (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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) ().

 
Page updated 2018-09-19
Handle: RePEc:ijr:beejor:v:3:y:2015:i:4:p:176-193