| Article Information |
| Journal: |
Business and Economics Research Journal |
| Title of Article: |
Energy Consumption and Economic Growth: Econometric Analysis for NIC Countries |
| Author(s): |
Fatma Kizilkaya, Mehmet Dag |
| Volume: |
10 |
| Number: |
3(Special Issue) |
| Year: |
2019 |
| Page: |
587-596 |
| ISSN: |
2619-9491 |
| DOI Number: |
10.20409/berj.2019.187 |
|
| Abstract |
| Energy is considered a necessary and important input for social and economic development. Growth and energy consumption can cause each other. In this study, the causality relationship between energy consumption and growth in Newly Industrialized Countries (NIC) is analysed using annual data from the period 1971-2014. In this study, firstly the cross-sectional dependence of the series is investigated. The findings show that there is cross-sectional dependence in the series. Then the causality relationship between the series is examined using bootstrap causality test developed by Konya (2006). The results show that the neutrality hypothesis is valid for Brazil, Indonesia, India, Mexico, Malaysia, Thailand, Turkey and South Africa, and the growth hypothesis is valid for China and Philippines. |
| Keywords: |
Growth Hypothesis, Neutrality Hypothesis, Energy Consumption, Growth, Bootstrap Causality |
|
| JEL Classification: |
O40, C33, Q40 |
|
