Orjinal Araştırma Makalesi | Düzce İktisat Dergisi 2022, Cil. 3(1) 1-7
ss. 1 - 7 | Makale No: dİd.2022.002
Yayın tarihi: Mart 29, 2022 | Okunma Sayısı: 58 | İndirilme Sayısı: 396
Energy, which we can show as one of the basic elements of production, is a phenomenon that is emphasized today as it has been in every period of history. Since energy is an indispensable part of the production process, we come across as an important factor in the economic growth of countries, and with this feature, it has been the subject of many studies in the economics literature. The aim of this study is to test the causality relationship between energy and economic growth in Turkey. In this study covering the period between April 2016 and March 2021, the data on the monthly total electricity consumption representing the energy variable and the monthly industrial production index representing the economic growth are analysed with the frequency domain causality analysis method, and whether there is a causal relationship between the variables is examined in the short, medium and long term. According to the results of the analysis, while a unidirectional causality relationship is found from economic growth to energy consumption in the medium and long term, there is no evidence of a causal relationship from energy consumption to economic growth in any term.
Anahtar Kelimeler: Turkey, Industrial Production Index, Electricity Consumption, Frequency Domain Causality Analysis
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