Doğuş Üniversitesi Dergisi

Doğuş Üniversitesi Dergisi

The Effect of Oil Consumption on Economic Growth in Turkey

Yazarlar: Harun TERZİ, Uğur Korkut PATA

Cilt 17 , Sayı 2 , 2016 , Sayfalar -

Konular:-

Anahtar Kelimeler:Energy Consumption,Oil,Economic Growth,VAR Analysis,Turkey

Özet: This study investigates the causality link between economic growth and oil consumption using annual data over the years of 1974-2014 by using causality tests and the Engle-Granger and Gregory-Hansen co-integration models for the Turkish economy. The empirical findings support the view that there is no long term co-integration between the level of economic growth and oil consumption level. However, the UVAR, TYVAR and Hsiao’s Granger causality tests in the short term show that a positive one-way causality is going from the oil consumption level to the economic growth rate, and oil consumption level stimulates economic growth rate.

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@article{2016, title={The Effect of Oil Consumption on Economic Growth in Turkey}, volume={17}, publisher={Doğuş Üniversitesi Dergisi}, author={Harun TERZİ, Uğur Korkut PATA}, year={2016} }
APA
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Harun TERZİ, Uğur Korkut PATA. (2016). The Effect of Oil Consumption on Economic Growth in Turkey (Vol. 17). Vol. 17. Doğuş Üniversitesi Dergisi.
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Harun TERZİ, Uğur Korkut PATA. The Effect of Oil Consumption on Economic Growth in Turkey. no., Doğuş Üniversitesi Dergisi, 2016.
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