出版社：The Economics and Social Development Organization (TESDO)
摘要：This paper investigates the relationship between energy consumption, economic growth, energy prices, financial development and trade openness in Turkey for 1960-2011. The Maki cointegration test under multiple structural breaks and VECM Granger causality test are employed to determine cointegration and causality relations. The results reveal that economic growth and trade openness positively, financial development and energy prices negatively affect energy consumption in the long-run. The bidirectional causality exists between energy consumption and economic growth and financial development causes energy consumption for the long-run in Turkey.
