Affiliation:
1. Independent Researcher, Turkey
Abstract
Energy is an important input for economic growth and development of countries. The concepts of energy and economic growth have been prominent topics for economics literature and policy makers for many years. In this note, the existence and the direction of causality between primary energy supply (PES) and gross domestic products (GDP) for Türkiye's economy is examined using data for the period 1970-2021. The variables are subjected to augmented Dickey-Fuller and Phillips-Perron unit root tests, and then the Toda-Yamamoto causality test is performed to determine the direction of causality. Based on the causality test, bidirectional causality is observed between the primary energy supply variable and the GDP variable.
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