TÜRKİYE’DE ENERJİ FİYATLARI İLE ENERJİ TÜKETİMİ ARASINDAKİ İLİŞKİ: ASİMETRİK NEDENSELLİK ANALİZİ
RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND ENERGY PRICES IN TURKEY: ASYMMETRIC CAUSALITY ANALYSIS
Author(s): Mustafa Naimoğlu, Bilal ÖzelSubject(s): Energy and Environmental Studies, Economic history, Environmental and Energy policy, Post-War period (1950 - 1989), Transformation Period (1990 - 2010), Present Times (2010 - today)
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Energy prices; energy consumption; asymmetric causality;
Summary/Abstract: This study differs in terms of investigating the causal relationship between energy prices and energy consumption for Turkey with traditional and current tests. While doing this, Turkey's economy was analyzed using annual data of Energy Prices and Energy Consumption for the 1971-2019 period. First of all, the conventional ADF was applied to determine the stationarity degrees of the series. Then, Fractional Fourier ADF stability tests -which is an up-to-date technique- were performed. Later, traditional Granger and contemporary Hatemi-J causality tests were used. Findings revealed that there is no causality between variables according to Granger. However, according to Hatemi-J, there is a causality from Energy Prices divided into positive components to Energy Consumption divided into positive and negative shocks, and Energy Prices divided into negative components to Energy Consumption divided into positive components.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 13/2022
- Issue No: 26
- Page Range: 938-952
- Page Count: 15
- Language: Turkish