Search results

1 – 3 of 3
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Article
Publication date: 10 May 2022

Orhan Gunduz, Ozge Korkmaz and Vedat Ceyhan

This study aims to empirically examine the relationship between energy consumption, agricultural economic growth and globalization in Turkey by using data from 1980 to 2018.

230

Abstract

Purpose

This study aims to empirically examine the relationship between energy consumption, agricultural economic growth and globalization in Turkey by using data from 1980 to 2018.

Design/methodology/approach

The Lee-Strazicich LM breakpoint test was used to test the stationarity of the variables. The presence of the long-run relationship between the variables was examined by using the Maki cointegration test. The dynamic ordinary least squares method was used to estimate the long-run coefficients of the model. The direction of causalities was determined using the Toda–Yamamoto causality test.

Findings

Research results showed that consuming energy on average of 14,460 GJ/hectare has returned $1,612 agricultural gross domestic products (GDP)/hectare per year. Turkey’s energy consumption (EC), GDP and globalization index (GI) from 1980 to 2018 increased by 2-fold, 3-fold and 1.5-fold, respectively. Research results also showed that Turkey’s EC was affected by GI and GDP.

Practical implications

The study suggests using environmentally friendly energy inputs and conscious consumption to reach growth targets and to reduce the pressure of intensive energy use on natural resources. Further research is needed for exploring the causality and relationship between EC and GI and along with other variables in the agricultural sector.

Originality/value

The study contributes two contributions to the existing literature. The first contribution is to examine the neglected relationship between GI and EC and GDP in Turkey. The second is that the EC data for Turkish agriculture used in the study were calculated by the authors.

Details

International Journal of Energy Sector Management, vol. 17 no. 3
Type: Research Article
ISSN: 1750-6220

Keywords

Access Restricted. View access options
Article
Publication date: 7 October 2019

Özge Korkmaz

Human beings need shelter as the beginning of their existence. Same holds true for people who live in Turkey as it is a cultural and traditional reason to be the host and endeavor…

1411

Abstract

Purpose

Human beings need shelter as the beginning of their existence. Same holds true for people who live in Turkey as it is a cultural and traditional reason to be the host and endeavor to buy a home even if one has to pay the debt for years. Another factor that is important for individuals and even for countries is the inflation rate. In this context, the purpose of this study is to investigate whether the 26 regions of Turkey are affected by the inflationary pressure, specifically in the housing price index (HPI).

Design/methodology/approach

For this purpose, data from 2010:01 to 2019:01 and the consumer price index (CPI), as well as HPI have been used. The causal relationship between the variables is analyzed by Konya Causality (2006) test.

Findings

The key results suggest that HPI causes inflationary pressures in some regions.

Research limitations/implications

The study has some limitations in terms of data set and scope. These are as follows: although there are many variables affecting housing prices, this study aims to investigate the causal link between inflation and housing prices. In addition, only the CPI and HPI variables were provided on a monthly basis in the 2010-2019 period for 26 regions due to the aim of making regional propositions in the investigation of this relationship. For these reasons, different macroeconomic variables could not be studied.

Originality/value

This study makes the following contribution to the literature. While the majority of existing literature investigates the relationship between housing prices and inflation from an empirical perspective for country, very few studies have been for the sub-regions and also these studies have focused on only some sub-regions. In other words, in the literature review, a study has observed that Turkey has to examine the relationship between the housing price and inflation variables for all sub-regions in particular. To overcome this deficiency in the literature, this study aims to investigate the relationship between housing price and inflation for 26 regions.

Details

International Journal of Housing Markets and Analysis, vol. 13 no. 3
Type: Research Article
ISSN: 1753-8270

Keywords

Access Restricted. View access options
Article
Publication date: 3 January 2019

Hamit Can and Özge Korkmaz

The purpose of this study is to investigate the relationship between renewable energy and economic growth of Bulgaria.

2710

Abstract

Purpose

The purpose of this study is to investigate the relationship between renewable energy and economic growth of Bulgaria.

Design/methodology/approach

This study analyzes the relationship between renewable energy and economic growth of Bulgaria for the period 1990-2016, based on annual data, by using the Toda–Yamamoto analysis and Autogressive Distrubuted Lag (ARDL) bound test. This period is characterized by the democratization of the Balkans and several crisis cycles in Bulgaria. Renewable energy consumption (REC, percentage of total final energy consumption), renewable electricity output (REO, percentage of total electricity output) and economic growth (GDP constant 2010 US$) were used. The levels or differences of the variables that are stationary were investigated using the augmented Dickey–Fuller (ADF), Philips–Perron (PP) and Kwiatkowski-Philips-Schmidt-Shin (KPSS) unit root tests.

Findings

Three different results were obtained from this study. One showed that renewable energy consumption and renewable electricity output are the causes of economic growth. Another result of this study is that economic growth and renewable electricity output are the causes of renewable energy consumption. The last result is that economic growth and renewable energy consumption are not causes of renewable electricity output. There was no long-term relationship between variables.

Research limitations/implications

The ARDL and Toda–Yamamoto tests were used because of lack of data sets. Thus, it is estimated that there is no long-term relationship.

Originality/value

This study is an original work for Bulgaria, showing the results of the relationship between renewable energy and economic growth. In line with the results of this study, renewable energy projects related to Bulgaria can be predicted.

Details

International Journal of Energy Sector Management, vol. 13 no. 3
Type: Research Article
ISSN: 1750-6220

Keywords

1 – 3 of 3
Per page
102050