ENERGY IMPORT AND ECONOMIC GROWTH: AN ANALYSIS ON SOME ENERGY IMPORTER COUNTRIES
In many studies analyzing the relationshipbetween energy production or energy consumption, and economic growth; unilateralor bilateral causality relationship and mostly a cointegration relationship arediscovered. Although quite a lot of studies about energy consumption andeconomic growth relationshi...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sivas Cumhuriyet Üniversitesi
2019-11-01
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| Series: | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/867043 |
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| Summary: | In many studies analyzing the relationshipbetween energy production or energy consumption, and economic growth; unilateralor bilateral causality relationship and mostly a cointegration relationship arediscovered. Although quite a lot of studies about energy consumption andeconomic growth relationship have been done in the literature without making a distinctionbetween energy importer and energy exporter countries; the number of studiesthat analysis the relationship between the change in energy import of netenergy importer countries and economic growth is quite small. In this study, the relationship between thechange in energy import and economic growth within the context of energyconsumption in the sample of 23 net energy importer developed and developingcountries has been tested with this purpose by using Pedroni (1999, 2004) panelcointegration test and Granger causality analysis. In the conclusion of thestudy, the findings that a change in energy import increases economic growth ina way that supports growth hypothesis, and the existence of bilateral causalitybetween two variables in a way that confirms feedback hypothesis have beenobtained. |
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| ISSN: | 1303-1279 |