The Relationship Between Energy Consumption and Economic Growth: Panel Data Analysis by Country Groups

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dc.authoridUCAN, OKYAY/0000-0001-5221-4682
dc.contributor.authorUcan, Okyay
dc.contributor.authorTurgut, Ecem
dc.contributor.authorBerkman, Ayberk Nuri
dc.date.accessioned2024-11-07T13:24:27Z
dc.date.available2024-11-07T13:24:27Z
dc.date.issued2024
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis study aimed to analyze the relationship between energy consumption (EC) and economic growth (EG). Mostly, the relationship between energy and economic growth has been analyzed in certain country groups, whereas in this study, three different country groups were considered and compared. To this end, countries were categorized into three different groups, such as low-income developing, emerging market, and middle-income, and advanced economies. Thus, it was revealed whether the results varied across country groups. Ten country samples from each country group and a total of 30 country samples were utilized. The data of both EG and EC obtained over the period 1990-2022 were utilized. A panel LM test was performed to analyze the relationship between variables. As a result of the test, although a cointegration relationship existed between EG and EC in low-income developing countries, no cointegration relationship was found in emerging markets, and middle-income, or advanced economies. Therefore, it was concluded that the relationship between EC and EG might have varied according to the development levels of the countries. In addition, empirical evidence confirmed that a unilateral causality from EG to EC was determined only in low-income developing countries. These empirical insights are of particular interest to policymakers as they help to build substantial economic policies to sustain economic development.
dc.description.sponsorshipScientific and Technological Research Council of Turkiye (TUBITAK)
dc.description.sponsorshipOpen access funding provided by the Scientific and Technological Research Council of Turkiye (TUBITAK).
dc.identifier.doi10.1007/s13132-024-02137-y
dc.identifier.issn1868-7865
dc.identifier.issn1868-7873
dc.identifier.scopus2-s2.0-85197532330
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1007/s13132-024-02137-y
dc.identifier.urihttps://hdl.handle.net/11480/14123
dc.identifier.wosWOS:001263301600001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSpringer
dc.relation.ispartofJournal of the Knowledge Economy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241106
dc.subjectEnergy consumption
dc.subjectEconomic growth
dc.subjectPanel LM test
dc.subjectDumitrescu-Hurlin causality test
dc.titleThe Relationship Between Energy Consumption and Economic Growth: Panel Data Analysis by Country Groups
dc.typeArticle

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