An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey

Ferda Halicioglu

MPRA Paper from University Library of Munich, Germany

Abstract: This study attempts to examine empirically dynamic causal relationships between carbon emissions, energy consumption, income, and foreign trade in the case of Turkey using the time series data for the period 1960-2005. This research tests the interrelationship between the variables using the bounds testing to cointegration procedure. The bounds test results indicate that there exist two forms of long-run relationships between the variables. In the case of first form of long-relationship, carbon emissions are determined by energy consumption, income and foreign trade. In the case of second long-run relationship, income is determined by carbon emissions, energy consumption and foreign trade. An augmented form of Granger causality analysis is conducted amongst the variables. The long-run relationship of CO2 emissions, energy consumption, income and foreign trade equation is also checked for the parameter stability. The empirical results suggest that income is the most significant variable in explaining the carbon emissions in Turkey which is followed by energy consumption and foreign trade. Moreover, there exists a stable carbon emissions function. The results also provide important policy recommendations.

Keywords: CO2 emissions; energy consumption; income; EKC hypothesis; foreign trade (search for similar items in EconPapers)
JEL-codes: C22 O13 O43 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cwa, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Journal Article: An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11457

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