Energy Use and Growth of Manufacturing Sector: Evidence from Turkey
Journal Title: Academic Journal of Economic Studies - Year 2017, Vol 3, Issue 1
Abstract
This study investigates the relationship between Energy use and the growth of the Turkish Manufacturing Sector, using Vector Error Correction and Granger causality, between 1960 and 2015. The research found a long-run association among these variables. However, while the VEC granger causality test result suggests no causality running, either direction, from predetermined Energy Use to Growth in Manufacturing Sector, the Variance decomposition and impulse response tests suggested a positive causality, running from contemporaneous values Energy Use to current and future values of Growth in the Manufacturing Sector of Turkey. It is recommended that more investments be made in the energy sector to help sustain the current performance in the manufacturing sector.
Authors and Affiliations
Idoko Ahmed Itodo, Shahrzad Safaeimanesh, Festus Victor Bekun
Keywords
Related Articles
- EP ID EP178086
- DOI -
- Views 113
- Downloads 0
Tax Competition in Switzerland
The main aim of this article is to provide detailed information on tax competition in Switzerland. Generally, tax competition exists when taxpayers can reduce their tax burden by relocating their capital and/or labour fr...
Is Trade Openness Suitable for Growth of the Nigerian Manufacturing Sector? An Autoregressive Distributed Lag Approach
The paper investigates the relationship between trade openness and manufacturing sector output in Nigeria from 1980–2016 using secondary data collected from the Central Bank of Nigeria (CBN) statistical bulletin (2016) a...
The Religious Tourism – An Opportunity of Promoting and Developing the Tourism in the Vâlcea Subcarpathians
Religion has been and continues to be a major component for the ecumenical travels. A main factor in the development of this phenomenon is also the existence of a vast and diversified religious tourism potential (monaste...
The Development of the Digital Economy in the Context of Regional Development in Romania
Romania aims to make the digital economy a leading place in the new architecture of regional development. This will in fact contribute to the development of a high quality regional and local management that will be refle...
The Analysis of Personality and Work Ability on the Performance of Outsourcing Employees with Work Motivation as Intervening Variable at Pt Inalum (Persero) in Kuala Tanjung
One of the factors for good achievement is employees’ best performance. Performance is a work result in quality and quantity achieved by an employee or a group in performing the duties. The level of employees’ performanc...