- Ekonomi İşletme ve Maliye Araştırmaları Dergisi
- Vol: 5 Issue: 2
- The Effects of Energy Consumption On Industrial Production: A Frequency Domain Causality Analysis
The Effects of Energy Consumption On Industrial Production: A Frequency Domain Causality Analysis
Authors : Tacinur Akça
Pages : 124-138
Doi:10.38009/ekimad.1325733
View : 51 | Download : 47
Publication Date : 2023-08-31
Article Type : Research Article
Abstract :One of the most important indicators of the production channels of developed and developing countries is undoubtedly the energy problem. In addition, the nexus between economic growth and energy use differs from country to country. The main purpose of this article is to examine the nexus between economic growth and energy consumption in Turkey in the period of 2016 and 2022. Daily electricity consumption is used as an indicator of energy consumption, and industrial production index data is used as an indicator of economic growth. Toda-Yamamoto (1995) and Breitung-Candelon (2006) frequency domain tests were used to determine for the causality. According to the outcomes of the Toda-Yamamoto causality test, a unidirectional causality relationship was found from economic growth to energy consumption in the long run. Breitung- Candelon frequency domain causality test results revealed a short (temporary) and long (permanent) relationship from economic growth to energy consumption. In Türkiye, increases in economic growth (expansion of the production channel), increase the energy need more and thus this situation increases import dependency.Keywords : ekonomik büyüme, enerji tüketimi, enerji politikası