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Is Economic Growth Sensitive to Oil Consumption Shocks in Turkey?       
Yazarlar
Doç. Dr. Sedef ŞEN Doç. Dr. Sedef ŞEN
Yıldız Teknik Üniversitesi, Türkiye
Meral Altan
Yıldız Teknik Üniversitesi, Türkiye
Özet
This paper examines both the equilibrium relationship and the causality relationship between oil consumption and economic growth in a sample period spanning 1965--2013 in Turkey. For this purpose, an autoregressive distributed lag bounds testing approach was applied in order to determine the long-run relationship between variables, and an asymmetric causality test was used in an effort to classify the impact of shocks on the variables into positive and negative. The results of the bounds test and asymmetric causality test show that there is a long-run relationship between variables and that there is a unidirectional Granger causality running from negative economic growth shocks to negative oil consumption shocks, from positive economic growth shocks to negative oil consumption shocks, and from positive oil consumption shocks to positive economic growth shocks.
Anahtar Kelimeler
ARDL | Asymmetric causality | economic growth | oil consumption
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
Dergi ISSN 1556-7249
Dergi Tarandığı Indeksler SCI-Expanded
Dergi Grubu Q3
Makale Dili İngilizce
Basım Tarihi 01-2017
Cilt No 12
Sayı 1
Sayfalar 70 / 76
Doi Numarası 10.1080/15567249.2016.1170907
Makale Linki www.tandfonline.com/doi/full/10.1080/15567249.2016.1170907
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
WoS 3
SCOPUS 5
Google Scholar 8
Is Economic Growth Sensitive to Oil Consumption Shocks in Turkey?

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