THE IMPACT OF TRADE OPENNESS ON ENERGY CONSUMPTION UNDER STRUCTURAL BREAKS: THE EXAMPLE OF TURKEY
Yükleniyor...
Dosyalar
Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Mehmet Akif Ersoy Univ
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In this study, the effect of trade openness on energy consumption was investigated over the period of 1970-2015 in the example of Turkish economy. The DF-GLS, KPSS and Ng-Perron conventional unit root tests and Vogelsang-Perron unit root test with structural break were used to determine the stationary degrees of the variables. The results obtained from the unit root tests allowed the use of the ARDL bounds test to determine the long-term relationship between the series. Bounds test results supported the existence of a long-term relationship between the variables. According to the long run results, it was detected that trade opennes positively affected energy consumption. The causality relations between the variables were investigated by using Toda-Yamamoto causality analysis. The causality results found the existence of a bidirectional causality relationship between trade openness and energy consumption. The results can provide important policy recommendations for Turkish economy.
Açıklama
Anahtar Kelimeler
Trade Openness, Energy Consumption, ARDL Bounds Test, Toda-Yamamoto Causality Test, Turkey, Environmental Kuznets Curve, Natural-Gas Consumption, Unit-Root Tests, Economic-Growth, Financial Development, Renewable Energy, Nonrenewable Energy, Heterogeneous Panel, Fresh Evidence, Co2 Emissions
Kaynak
Journal Of Mehmet Akif Ersoy University Economics And Administrative Sciences Faculty
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
6
Sayı
2
