Is Economic growth sensitive to oil consumption shocks in Turkey?

Sen, Sedef; Uzunöz, Meral

doi:10.1080/15567249.2016.1170907

Cited by 5 publications

(3 citation statements)

References 35 publications

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“…Both economic performance and the number of diesel vehicles should therefore increase diesel consumption. These coefficients are positive and statistically significant, and these findings are parallel with those of Korkmaz and Akgüngör (2018) and Sen and Uzunoz (2017).…”

Section: Methodology and Empirical Evidencesupporting

confidence: 54%

A measure of the informal sector for the Turkish diesel market

Yaz

Dogan

Berument

2021

Energy Sources, Part B: Economics, Planning, and Policy

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Measuring the size of the informal diesel market is important for determining tax revenue losses and identifying inefficiencies in tax policies. The conventional ways of assessing the informal sector entail either not allowing the measurement of the size of the informal sector across time or assuming a stable relationship between diesel consumption and a set of economic variables. This study assesses the informal sector of the Turkish diesel market by using the Kalman filter method. This method allows unobserved values to be estimated with observed variables. Using monthly interpolated GDP, official diesel consumption, and the number of diesel motor vehicles, Turkey's unobserved informal diesel fuel consumption between January 2005 and February 2020 is estimated. The results obtained with this estimation method reveal that the level of informal diesel consumption increased until 2012-2014; it then started to decline at the end of 2014 and started to increase again after 2018. These dates are associated with periods of economic recession, political developments, and the passing of antismuggling legislation.

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Section: Methodology and Empirical Evidencesupporting

confidence: 54%

A measure of the informal sector for the Turkish diesel market

Yaz

Dogan

Berument

2021

Energy Sources, Part B: Economics, Planning, and Policy

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“…In the case of Korea, oil consumption is the main factor determining economic growth in the short term (Saboori et al, 2017). Meanwhile, in the case of Russia (Korkmaz, 2022) and Turkey (Sen and Uzunoz, 2017), oil consumption affects economic growth in the short and long term. In the case of Pakistan, besides driving the growth, the consumption of oil has also proven cause environmental degradation .…”

Section: Empirical Reviewmentioning

confidence: 99%

Sustainable Development in Indonesia: A Study of Energy Consumption, CO2 Emissions, FDI, and Gross Capital Formation

Farabi,

Zamroni,

Handayani

et al. 2024

IJEEP

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The purpose of this study is to examine how the consumption of renewable and nonrenewable energy, CO2 emissions, FDI, and gross capital formation affect the GDP per capita in the case of Indonesia. This study employs cointegration and ARDL to estimate the short and long-run coefficient which is preceded by ADF and PP unit root test using the annual time series data from 1960 to 2021. The result of the estimation shows that in the long run non-renewable energy consumption, CO2 emission, and FDI impact the economic growth of Indonesia directly. Meanwhile, in the short run, the estimation result reveals that non-renewable energy and FDI are positive and statistically significantly affected the economic growth of Indonesia. Renewable energy hasn't yet been found to have a substantial impact on Indonesia's economic growth. This research offers novel perspectives on how nonrenewable and renewable energy consumption, CO2 emissions, and FDI impact the economic growth. The findings provide valuable implications for Indonesia to develop long-term policies that can enhance the positive effects of energy consumption and CO2 emissions on economic growth in the future. The involvement of FDI in the model also become the novelty of this study to examine the impact of FDI to economic growth.

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“…This reiterate the need for the present study to examines the nexus between oil usage and growth within the context of ten largest oil producers (Brazil, Canada, China, Iran, Iraq, Kuwait, Russian, Saudi Arabia, USA, and UAE) in the world by controlling for capital and labour as determinants of production function. The contributions of this study to the oil-growth nexus literature are as follows; firstly, this study deployed an aggregate production function by adding a distinct role of OC into the production function as against the previous studies such as Bhusal (2010), Žiković and Vlahinic-Dizdarević (2011), Jin et al (2016) and Sen and Uzunoz (2017). This is because using an augmented production function will solve the problem of omitted variable bias identified with bivariate studies.…”

Section: Introductionmentioning

confidence: 99%

Oil and growth nexus: fresh evidence from top-ten oil producing countries

Inuwa,

Adamu,

Maina

et al. 2023

IJEGN

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Oil as one of the most frequently used categories of energy resources has also been viewed as a critical factor of production coequal to labour and capital. Thus, oil consumption is linked to many economic activities and any energy policies might likely affect this relationship. This study examines the nexus between oil consumption and economic growth by controlling for labour and capital within the framework of a modified aggregate production function in the top-ten oil producing countries in the world during the period 1990-2015. The study applied a recently developed cross-sectional augmented autoregressive distributed lag (CS-ARDL) model and Dumitrescu-Hurlin Granger causality test. The empirical result revealed that oil consumption 4 N. Inuwa et al. stimulates economic growth in both short and long run. Similarly, the study shows that capital and labour significantly stimulate economic growth in not only the short but also long run. The causality results also unravelled a feedback causality relationship between oil consumption, labour, and economic growth. However, there is unidirectional causality running from economic growth to capital. Therefore, the policy implication of this study suggests that any oil conservation policies initiated by the government of the top-ten oil producing countries may be detrimental to their economic growth and development.

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Is Economic growth sensitive to oil consumption shocks in Turkey?

Cited by 5 publications

References 35 publications

A measure of the informal sector for the Turkish diesel market

A measure of the informal sector for the Turkish diesel market

Sustainable Development in Indonesia: A Study of Energy Consumption, CO2 Emissions, FDI, and Gross Capital Formation

Oil and growth nexus: fresh evidence from top-ten oil producing countries

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