CAUSALITY RELATIONSHIP BETWEEN REAL GDP AND ELECTRICITY CONSUMPTION IN ROMANIA (2001-2010)


Kayhan S., Adiguzel U., Bayat T., Lebe F.

ROMANIAN JOURNAL OF ECONOMIC FORECASTING, vol.13, no.4, pp.169-183, 2010 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 13 Issue: 4
  • Publication Date: 2010
  • Title of Journal : ROMANIAN JOURNAL OF ECONOMIC FORECASTING
  • Page Numbers: pp.169-183

Abstract

After Industrial Revolution, importance of energy in production has increased. As a result of two petroleum crisis, energy was included directly into the production function. While development level of countries has increased, energy consumption has also raised. Substantial increase in energy consumption with economic growth provide a motivation to investigate questions "Is there is a relationship between energy consumption and economic growth?" and if there is "What kind of relationship exists between them?".