The Link between Financial Development and Energy Consumption in Turkey: A Time Series Evidence

Küçük Resim Yok

Tarih

2018

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

Künye