COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY
This paper analyzes the relationship among electricity consumption per capita, GDP per capita and price of electricity ($/100kWh), and electricity investment in Turkey for the period 1978-2003 using the bound testing procedure to cointegration within Autoregressive Distributed Lag (ARDL) framewor...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Selcuk University Press
2009-06-01
|
| Series: | Sosyal Ekonomik Araştırmalar Dergisi |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/289260 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849309315954900992 |
|---|---|
| author | Hüseyin Tatlıdil Fatih Çemrek Hülya Şen |
| author_facet | Hüseyin Tatlıdil Fatih Çemrek Hülya Şen |
| author_sort | Hüseyin Tatlıdil |
| collection | DOAJ |
| description | This paper analyzes the relationship among electricity consumption per capita, GDP per
capita and price of electricity ($/100kWh), and electricity investment in Turkey for the period
1978-2003 using the bound testing procedure to cointegration within Autoregressive Distributed
Lag (ARDL) framework. In this study, it has been found that electricity consumption per
capita, GDP per capita and price of electricity are cointegrated, and in the long-run, electricity
consumption per capita is Granger cause GDP per capita , while in the short-run, there is
unidirectional Granger causality running from GDP per capita to electricity consumption per
capita and price of electricity. In the long-run, 1 % increase in GDP per capita increases the
electricity consumption per capita by 0.18%, which is significant at the 10 % level. Price of
electricity has insignificant impact on the electricity consumption per capita. In the short-run,
1 % increase in GDP per capita increases the electricity consumption per capita by 0.064 %. |
| format | Article |
| id | doaj-art-121db64b5562418bba5c694a01d7f87f |
| institution | Kabale University |
| issn | 2148-3043 |
| language | English |
| publishDate | 2009-06-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Sosyal Ekonomik Araştırmalar Dergisi |
| spelling | doaj-art-121db64b5562418bba5c694a01d7f87f2025-08-20T03:54:11ZengSelcuk University PressSosyal Ekonomik Araştırmalar Dergisi2148-30432009-06-01917439451154COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEYHüseyin TatlıdilFatih ÇemrekHülya ŞenThis paper analyzes the relationship among electricity consumption per capita, GDP per capita and price of electricity ($/100kWh), and electricity investment in Turkey for the period 1978-2003 using the bound testing procedure to cointegration within Autoregressive Distributed Lag (ARDL) framework. In this study, it has been found that electricity consumption per capita, GDP per capita and price of electricity are cointegrated, and in the long-run, electricity consumption per capita is Granger cause GDP per capita , while in the short-run, there is unidirectional Granger causality running from GDP per capita to electricity consumption per capita and price of electricity. In the long-run, 1 % increase in GDP per capita increases the electricity consumption per capita by 0.18%, which is significant at the 10 % level. Price of electricity has insignificant impact on the electricity consumption per capita. In the short-run, 1 % increase in GDP per capita increases the electricity consumption per capita by 0.064 %.https://dergipark.org.tr/tr/download/article-file/289260enerji tüketimi eşbütünleşme ardl sınır testienergy consumption cointegration ardl bound tests |
| spellingShingle | Hüseyin Tatlıdil Fatih Çemrek Hülya Şen COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY Sosyal Ekonomik Araştırmalar Dergisi enerji tüketimi eşbütünleşme ardl sınır testi energy consumption cointegration ardl bound tests |
| title | COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY |
| title_full | COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY |
| title_fullStr | COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY |
| title_full_unstemmed | COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY |
| title_short | COINTEGRATION RELATIONSHIP AMONG ELECTRICITY CONSUMPTION, GDP, and ELECTRICITY PRICE VARIABLES in TURKEY |
| title_sort | cointegration relationship among electricity consumption gdp and electricity price variables in turkey |
| topic | enerji tüketimi eşbütünleşme ardl sınır testi energy consumption cointegration ardl bound tests |
| url | https://dergipark.org.tr/tr/download/article-file/289260 |
| work_keys_str_mv | AT huseyintatlıdil cointegrationrelationshipamongelectricityconsumptiongdpandelectricitypricevariablesinturkey AT fatihcemrek cointegrationrelationshipamongelectricityconsumptiongdpandelectricitypricevariablesinturkey AT hulyasen cointegrationrelationshipamongelectricityconsumptiongdpandelectricitypricevariablesinturkey |