Enerji Fiyatları ve Sanayileşme Enerji Yoğunluğunu Etkiliyor mu? Yapısal Kırılmalar Altında Türkiye Örneği

Abstract

The difference of this study from other studies is the research of energy density for Turkey, which imports more than half of its energy demand. Compared to 1968, Turkey's GDP per capita increased by 347% in 2019, while energy consumption per capita increased by 324% in parallel. In other words, efficient use of energy in Turkey continues to be a big problem despite technological developments. Therefore, it is considered important to reduce energy intensity in Turkey, which is dependent on foreign energy. In this study, the relationship between GDP per capita, industrialization and energy prices, and energy intensity in the 1968-2019 period in the Turkish economy is investigated. The unit root process was determined by Perron (1989) and Zivot and Andrews (1992) tests, which allow structural breaks as an empirical method, and Gregory and Hansen (1996), a structural break cointegration test, was used. Empirical findings have shown that there is a long-term relationship between the mentioned variables. In the study, in which the Fully Modified Least Squares Method (FMOLS) estimator was used as the cointegration estimator, the findings showed that per capita GDP and energy price increases decreased energy intensity, while industrialization increased energy intensity.