Abstract
This study aims to investigate the causal relationship between coal consumption and economic growth in Turkey, one of the coal-consuming countries. To achieve this aim, the Recursive Evolving Window causality approach, which was newly introduced to the literature by Shi et al. (2018) and Shi et al. (2020), is used. To contribute methodologically, this study compares the results of the Fourier causality approaches developed by Granger (1969), Toda-Yamamoto (1995), and Nazlıoglu et al. (2016), which are widely used in the literature, with the time-varying causality results. Approaches that do not consider the change over time have not found a causal relationship between economic growth and coal consumption. On the other hand, the time-variable causality approach caught a causal relationship from coal consumption to economic growth at some point in time. These results show that the growth hypothesis is valid for coal consumption and economic growth in Turkey However, the causality relationship between the variables covers a short period, and the causality relationship ends after 1982. Thus, the differences between ordinary and Recursive Evolving Window causality results are shown.
Publisher
Iktisadi Idari ve Siyasal Arastirmalar Dergisi
Subject
Management Science and Operations Research,Mechanical Engineering,Energy Engineering and Power Technology
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