The Link between Financial Development and Energy Consumption in Turkey: A Time Series Evidence
Küçük Resim Yok
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Eskisehir Osmangazi Univ, Fac Education
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper examines the relationship between financial development and energy consumption in case of Turkey during the period 1980-2015 by adding economic growth and urbanization to the energy consumption specification. The ARDL bounds test indicates the existence of a long run relationship among financial development, economic growth, urbanization and energy consumption under the structural breaks. The DOLS estimation results reveal that energy consumption is determined by urbanization and financial develoment, respectively. The Toda-Yamamoto causality analysis indicates the presence of a causality running from financial development to energy consumption. In addition, a causality running from economic growth and urbanization to energy consumption is not found. The results can exhibit some policy implications for Turkey.
Açıklama
Anahtar Kelimeler
Financial Development, Energy Consumption, Structural Break, ARDL, Causality, Turkey, Economic-Growth, Co2 Emissions, Unit-Root, Electricity Consumption, Urbanization, Impact, Trade, Cointegration, Causality, Malaysia
Kaynak
Eskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciences
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
13
Sayı
3
