Yıl 2017, Cilt 25, Sayı 34, Sayfalar 187 - 196 2017-10-31

Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach

Mahmut ZORTUK [1] , Semih KARACAN [2] , Noyan AYDIN [3]

196 292

This study investigates the relationship between energy consumption and economic growth, using data from 13 Central and East European countries for the period 1996-2011. For this purpose, long-term elasticities are estimated by using Quantile Regression Analysis (QRA) approach. Empirical findings suggest that long term relationship shifts from relative-coupling to absolute-decoupling with increasing GDP levels (reported elasticities for respective quantiles are 0.455, 0.471, 0.360, 0.107, 0.091) Consequently, this paper suggests that transition economies should pay attention to energy consumption in order to ensure a sustainable economic growth.

Transition Countries, Energy Consumption, Economic Growth, Quantile Regression Analysis
  • Akkemik, K.A. & K. Göksal (2012), Energy Consumption-GDP Nexus: Heterogeneous Panel Causality Analysis, Energy Economics, 34, 865-873.
  • Asafu-Adjaye, J. (2000), the Relationship between Energy Consumption, Energy Prices and Economic Growth: Time Series Evidence from Asian Developing Countries, Energy Economics, 2(200), 615-625.
  • Baranzini, A., Weber, S., M. Bareit & N.A. Mathys (2013), The Causal Relationship Between Energy Use And Economic Growth In Switzerland, Energy Economics, 36, 464-470.
  • Belke, A., Dobnik, F. & C. Dreger (2011), Energy Consumption and Economic Growth: New Insights into the Co-Integration Relationship, Energy Economics, 33, 782-789.
  • Breusch, T.S. & A.R. Pagan (1980), the Lagrange Multiplier Test and Its Application to Model Specifications in Econometrics, Review of Economic Studies, 47, 239-53.
  • Chang, T., W. Fang & L. Wen (2001), Energy Consumption, Employment, Output, and Temporal Causality: Evidence from Taiwan Based On Cointegration and Error-Correction Modelling Techniques, Applied Economics, 33, 1045-1056.
  • Cheng, B.S. & T.W. Lai (1997), an Investigation of Co-Integration and Causality between Energy Consumption and Economic Activity in Taiwan, Energy Economics, 19, 435-444.
  • Cheng, B. S., R.A. Donald, & S.B. Brenda, (1998), Investigation of Co-Integration and Causality between Energy Consumption and Employment with Implications for the Environment, Energy Sources, 20, 681-690.
  • Dergiades, T., G. Martinopoulos & L. Tsoulfidis (2013), Energy Consumption, and Economic Growth: Parametric And Non-Parametric Causality Testing For The Case Of Greece, Energy Economics, 36, 686-697.
  • Fatai, K., L. Oxley & F.G. Scrimgeour (2004), Modelling the Causal Relationship between Energy Consumption and GDP in New Zealand, Australia, India, Indonesia, the Philippines and Thailand, Mathematics and Computers in Simulation, 64, 431-445.
  • Fuinhas, J.A. & A.C. Marques (2012), Energy Consumption and Economic Growth Nexus in Portugal, Italy, Greece, Spain, and Turkey: An ARDL Bounds Test Approach (1965–2009), Energy Economics, 34, 511-517.
  • Glasure, Y. U. & A.R. Lee (1997). Cointegration, Error-Correction, and the Relationship between GDP and Energy: The Case of South Korea and Singapore, Resource and Energy Economics, 20, 17-25.
  • Hu, J. & C. Lin (2008), Disaggregated Energy Consumption And GDP In Taiwan: A Threshold Co-Integration Analysis, Energy Economics, 30, 2342-2358.
  • Koenker, R. & V. D’orey (1994). Remark AS R92: A Remark on Algorithm AS 229: Computing Dual Regression Quantiles and Regression Rank Scores, Journal of Royal Statistical Society. Series C (Applied Statistics), 43(2) 410-414.
  • Kraft J. & A. Kraft (1978), On the Relationship between Energy and GNP, Journal of Energy Development, 3:2(2), 401-403.
  • Kumar, R. & A.S. Gupta (2008), India and the Global Economy. 1st Published. Academic Foundation, New Delhi, India.
  • Lee, C. C. & C.P. Chang (2007), the Impact of Energy Consumption on Economic Growth: Evidence from Linear and Nonlinear Models in Taiwan, Energy, 32(12), 2282-2294.
  • Lee, C. & C. Chang (2005), Structural Breaks, Energy Consumption, and Economic Growth Revisited Evidence from Taiwan, Energy Economics, 27, 857-872.
  • Lee, C. C. & M.S. Chien (2010), Dynamic Modelling Of Energy Consumption, Capital Stock, and Real Income in G-7 Countries, Energy Economics, 32, 564-581.
  • Ouedraogo, N.S. (2013), Energy Consumption and Economic Growth: Evidence from the Economic Community of West African States (ECOWAS), Energy Economics, 36, 637-647.
  • Payne, J. E. (2009), On The Dynamics Of Energy Consumption And Output In The US, Applied Energy, 86, 575-577.
  • Pesaran, M. H. (2004), General Diagnostic Tests for Cross Section Dependence in Panels. Cambridge Working Papers in Economics, No. 0435, Faculty of Economics, University of Cambridge.
  • Qiang, H. (2009), The Relationship between Energy Consumption Growths And economic Growth In China, International Journal Of Economics And Finance, 1(2), 232-237.
  • Shaari, M. S., H. A. Rahim & I. M. and Rashid (2013), Relationship among Population, Energy Consumption and Economic Growth in Malaysia, the International Journal of Social Science, 13(1), 39-45.
  • Shahiduzzaman, Md. & K. Alam (2012), Co-Integration and Causal Relationships between Energy Consumption and Output: Assessing the Evidence from Australia, Energy Economics, 34, 2182-2188.
  • Soytas, U. & R. Sari (2003), Energy Consumption and GDP: Causality Relationship in G-7 Countries and Emerging Markets, Energy Economics, 25, 33-37.
  • Yıldırım, E., D. Sukruoglu & A. Aslan (2014), Energy Consumption and Economic Growth in the Next 11 Countries: The Bootstrapped Autoregressive Metric Causality Approach, Energy Economics, 44, 14-21.
Konular Sosyal ve Beşeri Bilimler
Dergi Bölümü Makaleler
Yazarlar

Yazar: Mahmut ZORTUK
Kurum: Dumlupinar University
Ülke: Turkey


Yazar: Semih KARACAN
Kurum: Dumlupinar University
Ülke: Turkey


Yazar: Noyan AYDIN
Kurum: Dumlupinar University
Ülke: Turkey


Bibtex @araştırma makalesi { sosyoekonomi289125, journal = {Sosyoekonomi}, issn = {1305-5577}, address = {Sosyoekonomi Derneği}, year = {2017}, volume = {25}, pages = {187 - 196}, doi = {10.17233/sosyoekonomi.289125}, title = {Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach}, key = {cite}, author = {KARACAN, Semih and AYDIN, Noyan and ZORTUK, Mahmut} }
APA ZORTUK, M , KARACAN, S , AYDIN, N . (2017). Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach. Sosyoekonomi, 25 (34), 187-196. DOI: 10.17233/sosyoekonomi.289125
MLA ZORTUK, M , KARACAN, S , AYDIN, N . "Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach". Sosyoekonomi 25 (2017): 187-196 <http://dergipark.gov.tr/sosyoekonomi/issue/31046/289125>
Chicago ZORTUK, M , KARACAN, S , AYDIN, N . "Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach". Sosyoekonomi 25 (2017): 187-196
RIS TY - JOUR T1 - Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach AU - Mahmut ZORTUK , Semih KARACAN , Noyan AYDIN Y1 - 2017 PY - 2017 N1 - doi: 10.17233/sosyoekonomi.289125 DO - 10.17233/sosyoekonomi.289125 T2 - Sosyoekonomi JF - Journal JO - JOR SP - 187 EP - 196 VL - 25 IS - 34 SN - 1305-5577- M3 - doi: 10.17233/sosyoekonomi.289125 UR - http://dx.doi.org/10.17233/sosyoekonomi.289125 Y2 - 2017 ER -
EndNote %0 Sosyoekonomi Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach %A Mahmut ZORTUK , Semih KARACAN , Noyan AYDIN %T Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach %D 2017 %J Sosyoekonomi %P 1305-5577- %V 25 %N 34 %R doi: 10.17233/sosyoekonomi.289125 %U 10.17233/sosyoekonomi.289125
ISNAD ZORTUK, Mahmut , KARACAN, Semih , AYDIN, Noyan . "Energy Consumption and Economic Growth Nexus in Selected Transition Economies: Quantile Panel-Type Analysis Approach". Sosyoekonomi 25 / 34 (Ekim 2017): 187-196. http://dx.doi.org/10.17233/sosyoekonomi.289125