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The dynamic relationship between Financial Development and the Energy Demand in North Cyprus: Evidence from ARDL Bounds and Combine Cointegration Tests

Turgut Türsoy ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the dynamic relationship between financial development, energy demands, economic growth and total trade with the ARDL Bounds and Combined cointegration approaches in North Cyprus for the period of 1977Q1 – 2016Q4. The empirical results provide evidences for the long-run and short-run relationship between the concern variables. All the techniques such as cointegration and innovation accounting method supporting the relationship between variables. Positive innovation in GDP is connected with increase in financial development and energy demands. Energy demands response positively for the shocks from GDP and Financial development, and financial development responses just only GDP and itself.

Keywords: Financial development; GDP; Energy; Trade (search for similar items in EconPapers)
JEL-codes: E44 O43 Q43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-fdg and nep-mac
Date: 2018-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:88324

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