The Impact of Electricity Consumption on Economic Growth in the European Union

Bayram AYDIN (Yozgat Bozok Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Yozgat, Türkiye)
İzmir iktisat dergisi
2 1
Yıl: 2021 Cilt: 36 Sayı: 1 Sayfa Aralığı: 13 - 26 Metin Dili: İngilizce DOI: 10.24988/ije.202136102 İndeks Tarihi: 10-08-2022

The Impact of Electricity Consumption on Economic Growth in the European Union

Öz:
In this study, the role of electricity on economic growth was investigated after the liberalization policies implemented in 1980 for the European Union. The main objective of the study is to present the relationship between electricity consumption and economic growth in the European Union and to propose economically efficient and feasible energy policies. For this purpose, the ARDL Bound Test Approach for the determination of the long-term relationship and Toda-Yamamoto Causality Analysis for the causality relation were used with the annual data for the period 1980-2014. The results show that electricity consumption has positive effect on economic growth in the long-run. Moreover, the results of Toda-Yamamoto Causality Analysis confirm the Growth Hypothesis, which argues that there is uni-directional causality relationship from electricity consumption to economic growth in the European Union.
Anahtar Kelime: Electricity Consumption Economic Growth ARDL Bound Test Approach Toda-Yamamoto Causality Analysis

Avrupa Birliği’nde Elektrik Tüketiminin Ekonomik Büyüme Üzerindeki Etkileri

Öz:
Bu çalışmada 1980 yılında dünya genelinde uygulamaya konulan serbestleşme politikalarının sonrasında Avrupa Birliği’nin ekonomik büyümesinde elektrik enerjisinin rolü incelenmiştir. Çalışmanın temel amacı, Avrupa Birliği’nde elektrik tüketimi ile ekonomik büyüme arasındaki ilişkiyi ortaya koyarak iktisadi açıdan etkin ve uygulanabilir enerji politikaları önerilerinde bulunmaktır. Bu amaç doğrultusunda, 1980-2014 dönemindeki yıllık veriler ile uzun dönem ilişkisinin tespiti için ARDL Sınır Testi Yaklaşımı, nedensellik ilişkisi içinse Toda-Yamamoto Nedensellik Analizi kullanılmıştır. Ulaşılan sonuçlar uzun dönemde elektrik enerjisi tüketiminin ekonomik büyüme üzerinde pozitif etkisinin olduğunu göstermektedir. Ayrıca, Toda-Yamamoto nedensellik analizi sonuçları Avrupa Birliği’nde çevre iktisatçılarının desteklediği elektrik tüketiminden ekonomik büyümeye doğru tek yönlü nedensellik ilişkisi olduğunu savunan Büyüme Hipotezi’ni doğrulamaktadır.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA Aydın B (2021). The Impact of Electricity Consumption on Economic Growth in the European Union. , 13 - 26. 10.24988/ije.202136102
Chicago Aydın Bayram The Impact of Electricity Consumption on Economic Growth in the European Union. (2021): 13 - 26. 10.24988/ije.202136102
MLA Aydın Bayram The Impact of Electricity Consumption on Economic Growth in the European Union. , 2021, ss.13 - 26. 10.24988/ije.202136102
AMA Aydın B The Impact of Electricity Consumption on Economic Growth in the European Union. . 2021; 13 - 26. 10.24988/ije.202136102
Vancouver Aydın B The Impact of Electricity Consumption on Economic Growth in the European Union. . 2021; 13 - 26. 10.24988/ije.202136102
IEEE Aydın B "The Impact of Electricity Consumption on Economic Growth in the European Union." , ss.13 - 26, 2021. 10.24988/ije.202136102
ISNAD Aydın, Bayram. "The Impact of Electricity Consumption on Economic Growth in the European Union". (2021), 13-26. https://doi.org/10.24988/ije.202136102
APA Aydın B (2021). The Impact of Electricity Consumption on Economic Growth in the European Union. İzmir iktisat dergisi, 36(1), 13 - 26. 10.24988/ije.202136102
Chicago Aydın Bayram The Impact of Electricity Consumption on Economic Growth in the European Union. İzmir iktisat dergisi 36, no.1 (2021): 13 - 26. 10.24988/ije.202136102
MLA Aydın Bayram The Impact of Electricity Consumption on Economic Growth in the European Union. İzmir iktisat dergisi, vol.36, no.1, 2021, ss.13 - 26. 10.24988/ije.202136102
AMA Aydın B The Impact of Electricity Consumption on Economic Growth in the European Union. İzmir iktisat dergisi. 2021; 36(1): 13 - 26. 10.24988/ije.202136102
Vancouver Aydın B The Impact of Electricity Consumption on Economic Growth in the European Union. İzmir iktisat dergisi. 2021; 36(1): 13 - 26. 10.24988/ije.202136102
IEEE Aydın B "The Impact of Electricity Consumption on Economic Growth in the European Union." İzmir iktisat dergisi, 36, ss.13 - 26, 2021. 10.24988/ije.202136102
ISNAD Aydın, Bayram. "The Impact of Electricity Consumption on Economic Growth in the European Union". İzmir iktisat dergisi 36/1 (2021), 13-26. https://doi.org/10.24988/ije.202136102
Sayfa Oluşturulma Tarihi
24-04-2024 2:28

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