Electricity consumption and economic growth in Turkey: an MF-var approach
Author
Berksun, Dilara
Advisor
Berument, Hakan
Date
2019-09Publisher
Bilkent University
Language
English
Type
ThesisItem Usage Stats
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Abstract
This thesis investigates the relationship between monthly electricity consumption,
quarterly GDP and quarterly components of GDP using a Mixed Frequency
VAR model for Turkey. The empirical evidence reveals that an increase
in electricity consumption increases GDP. However, an increase in electricity
consumption increases Private Consumption, Investment, Imports expenditures,
Construction, Industrial, Manufacturing and Service Sector outputs more
than it increases GDP. In addition to this, the empirical evidence reveals that
an increase in electricity consumption increases Agricultural sector output less
than it increases GDP.
Keywords
Economic developmentElectricity consumption and mixed frequency vector autoregression model