Is There a Necessity for an Alternative Energy Source Instead of Natural Gas in the Industrial Sector of Turkey?

Mehmet Samet Erdem (), Mustafa Kemal Beser () and Hakan Acaroglu ()
Additional contact information
Mehmet Samet Erdem: Sinop University
Mustafa Kemal Beser: Eskisehir Osmangazi University
Hakan Acaroglu: Eskisehir Osmangazi University

A chapter in Entrepreneurship, Business and Economics - Vol. 2, 2016, pp 259-270 from Springer

Abstract: Abstract This paper examines the causality relationship between natural gas consumption in industry sector and industrial growth within Granger causality technique and ARDL (autoregressive distributed lagged) model, testing for the period of 1976–2013 in Turkey. We have three main factors to choose this subject as a study. First of all, energy is a vital production factor related to economic growth. Secondly, because of industrial sector is one of the main sector in developing countries and Turkey is one of the developing countries in the world, industry takes the priority in our research. Lastly, natural gas is the most used primary energy source at industry. During analyzing these three factors, we tried to find the answer of necessity of an alternative energy sources at industry in Turkey. According to results, it is found that there is no causality relationship between natural gas consumption in industry sector and economic growth. As a conclusion, we offer an economic policy that, Turkey should find an alternative energy sources to continuing its growth.

Keywords: Economic growth; Energy; Natural gas; Industry sector; ARDL (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:spr:eurchp:978-3-319-27573-4_17

Ordering information: This item can be ordered from
http://www.springer.com/9783319275734

DOI: 10.1007/978-3-319-27573-4_17

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().