ENERGY İMPORT, ECONOMIC GROWTH AND CURRENT ACCOUNT DEFICIT RELATIONS IN TURKEY
TÜRKİYE’DE ENERJİ İTHALATI, EKONOMİK BÜYÜME VE CARİ AÇIK İLİŞKİSİ

Author : İsmet GÜNEŞ -- Ece DEMİRAY EROL
Number of pages : 340-352

Abstract

Recently, energy has become one of the most basic inputs of social and economic development. Considering that the energy resources like coal, natural gas and fuel (ect) are limited resources, it is hard to ignore the necessity of using them efficiently. All the countries need to produce healthy and determined energy policies which are not ignoring the future of energy usage. Energy is an indispensable product factor for the large scale industrial facilities and so developed and developing countries attribute a great importance to production and consumption processes of energy. Owing to this contribution on economic growth, energy has accepted as a development criteria. Because of the increasing importance of energy, the relationship in between energy consumption and economic growth has been examined by many researches. The situation is much harder for the countries which are not able to produce their own needs, like Turkey. They should to develop more strategic approaches to the energy issue. Energy consumption is one of social-economic development and economic growthin consumption of the come into existence. Energy alot of growth as a variable in the econometric analysis is performed as a result of the teritiary, we have added have made the current account deficit.These three variables to be created in Turkey is very important in energy policy. Our study is the result of growth in the current account deficit is not, It’s also brought about an increase in the growth of energy consumption analysis of what will be the direction of causality. Energy consumption in Turkey between the years 1990-2015, the relationship between economic growth and current account deficit has been analyzed in accordance with co-integration test.

Keywords

Energy import, economic growth, current account deficit and johansen co-integration analysis.

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