The Causality Between Financial Development and Energy Consumption in Turkey: The Period of 1960-2011
Küçük Resim Yok
Tarih
2016
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Eskisehir Osmangazi Univ, Fac Education
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study tries to analyze the causal relationship between financial development and energy consumption for Turkey. Data set covering the period of 1960-2011 was used.. As financial development indicators, bank deposits and bank loans are used. In addition, per capita income which affects positively or negatively the financial development indicators and energy consumption is included in data set. As energy consumption data, energy consumption for per capita is employed. Johansen co-integration test and VAR Granger causality analysis has been employed in the study. According to one of the the results, there is no correlation between financial development and energy consumption in the long term. Other result says that there is a dual casuality between bank deposits, which is an indicator of financial development, and energy consumption in the short run. An increase in bank deposits raises energy consumption and a decrease in bank deposits reduces energy consumption. Likewise, while energy consumption contributes an increase in bank deposits, reduction of energy consumption will lead to a reduction in bank deposits
Açıklama
Anahtar Kelimeler
Financial Development, Energy Consumption, Johansen Cointegration Analysis, VAR Granger Causality Test
Kaynak
Eskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciences
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
11
Sayı
3
