The Causality Between Financial Development and Energy Consumption in Turkey: The Period of 1960-2011

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dc.contributor.authorKeskingoz, Hayrettin
dc.contributor.authorInancli, Selim
dc.date.accessioned2024-09-29T16:11:22Z
dc.date.available2024-09-29T16:11:22Z
dc.date.issued2016
dc.departmentKarabük Üniversitesien_US
dc.description.abstractThis 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 depositsen_US
dc.identifier.endpage114en_US
dc.identifier.issn1306-6730
dc.identifier.issue3en_US
dc.identifier.startpage101en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14619/8385
dc.identifier.volume11en_US
dc.identifier.wosWOS:000441982200005en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isotren_US
dc.publisherEskisehir Osmangazi Univ, Fac Educationen_US
dc.relation.ispartofEskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciencesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFinancial Developmenten_US
dc.subjectEnergy Consumptionen_US
dc.subjectJohansen Cointegration Analysisen_US
dc.subjectVAR Granger Causality Testen_US
dc.titleThe Causality Between Financial Development and Energy Consumption in Turkey: The Period of 1960-2011en_US
dc.typeArticleen_US

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