WoS İndeksli Yayınlar Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/394

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Institution Author: search.filters.institutionAuthor.Dogan, EyupWoS Q: search.filters.wosQuartile.Q1

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Now showing 1 - 3 of 3
  • Article
    Citation - WoS: 204
    Citation - Scopus: 234
    The Relationship Between Economic Growth and Electricity Consumption From Renewable and Non-Renewable Sources: A Study of Turkey
    (Pergamon-Elsevier Science Ltd, 2015-12) Dogan, Eyup
    The main objective of this study is to analyze the short and long run estimates as well as the causality relationships between economic growth (GR), electricity consumption from renewable sources (RELC) and electricity consumption from non-renewable sources (NRELC) for Turkey in a multivariate model wherein capital (K) and labor (L) are included as additional variables. Using the autoregressive distributed lag (ARDL) approach to cointegration, the Johansen cointegration test and the Gregory-Hansen cointegration test with structural break, we show that GR, RELC, NRELC, K and L are cointegrated. Although NRELC has a long run positive effect on GR, the long run estimate of RELC is negative but insignificant at 5% level of significance. The Granger causality test based on the vector error correction model reveals the evidence of neutrality hypothesis between RELC and GR, and between NRELC and GR in Turkey in the short run. In addition, the Granger causality runs from RELC, NRELC, K and L to GR as well as from GR, RELC, K and L to NRELC in the long run, which supports the existence of growth hypothesis between RELC and GR, and feedback hypothesis between NRELC and GR in the long run. It is advised that policy makers in the Turkish government should continue to reduce the share of electricity consumption from renewable sources and encourage the usage of electricity from non-renewable sources to have sustainable long run growth rates. It is also essential to promote the investment projects to increase the efficiency of electricity generation from non-renewable sources. (C) 2015 Elsevier Ltd. All rights reserved.
  • Article
    Citation - WoS: 29
    Citation - Scopus: 32
    Are Shocks to Electricity Consumption Transitory or Permanent? Sub-National Evidence From Turkey
    (Elsevier Sci Ltd, 2016-08) Dogan, Eyup
    This is the first study that aims to investigate policy shocks to energy consumption in terms of unit root properties by sector. More precisely, we analyze the stationarity of electricity consumption for 12 regions of Turkey by four sectors in addition to total electricity consumption by region (for a total of 60 cases). We find that 48 cases are non-stationary and 12 cases are stationary. Thus, policies to decrease or stimulate the use of electricity have permanent effects on electricity consumption in 80% of the cases and transitory effects in the rest. Findings and policy implications are further discussed. (C) 2016 Elsevier Ltd. All rights reserved.
  • Article
    Citation - WoS: 151
    Citation - Scopus: 168
    Analyzing the Linkage Between Renewable and Non-Renewable Energy Consumption and Economic Growth by Considering Structural Break in Time-Series Data
    (Pergamon-Elsevier Science Ltd, 2016-12) Dogan, Eyup
    Even though a number of studies investigate the energy-growth nexus, only a small number of the existing studies use estimation techniques with structural break. Furthermore, majority of the existing studies use aggregate energy consumption and thus fail to identify the effects of energy consumption by sources on economic growth. By taking into account the importance of structural break, this study analyzes the short run and the long run estimates as well as the causality relationship between economic growth, renewable and non-renewable energy consumption for Turkey in a multivariate model wherein capital and labor are included as additional variables. By including additional variables into the model, we also attempt to handle omitted-variable bias problem. This study finds that renewable energy consumption has an insignificant impact on economic growth while non-renewable energy consumption has a significant positive effect on it. The coefficients on capital and labor are statistically significant. Furthermore, we have enough evidence to support conservation hypothesis and feedback hypothesis between renewable energy consumption and economic growth in the short run and the long run, respectively, and feedback hypothesis between non-renewable energy consumption and economic growth both in the short run and the long run. Several policy implications are further discussed. (C) 2016 Elsevier Ltd. All rights reserved.