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Doğalgaz Tüketimi ve Ekonomik Büyüme Arasındaki İlişkinin İncelenmesi: MIKTA Ülkeleri Örneği

Yıl 2022, Cilt: 5 Sayı: 2, 134 - 146, 30.12.2022

Öz

Bu çalışma, Meksika, Endonezya, Güney Kore, Türkiye ve Avustralya'da (MIKTA) doğal gaz tüketimi ile ekonomik büyüme arasındaki ilişkiyi panel veri analizi ile incelemektedir. Çalışma, panel eşbütünleşme testleri, ortak korelasyonlu etkiler ortalama grubu (CCEMG) tahmincisi ve panel nedensellik testleri kullanılarak 1986'dan 2018'e kadar uzanmaktadır. Çalışma sonucunda doğal gaz tüketimi ile ekonomik büyüme arasında uzun dönemli bir ilişki olduğu sonucuna varılmıştır. CCEMG tahmin sonuçları doğalgaz tüketiminin ekonomik büyüme üzerindeki etkisinin ülkeler kapsamında farklı olduğunu göstermektedir. Panel nedensellik sonuçları MIKTA ülkeleri için doğalgaz tüketimi ve ekonomik büyüme arasında çift yönlü nedensellik olduğunu göstermiştir. Sonuçlar MIKTA için geri bildirim hipotezini onaylamaktadır.

Kaynakça

  • Alam, M. S., Paramati, S. R., Shahbaz, M., ve Bhattacharya, M. (2017). Natural gas, trade and sustainable growth: empirical evidence from the top gas consumers of the developing world. Applied Economics, 49(7), 635-649.
  • Apergis, N., ve Payne, J. E. (2010). Natural gas consumption and economic growth: a panel investigation of 67 countries. Applied Energy, 87(8), 2759-2763.
  • Arora, V., ve Shi, S. (2016). Energy consumption and economic growth in the United States. Applied Economics, 48(39), 3763-3773.
  • Aydin, M. (2018). Natural gas consumption and economic growth nexus for top 10 natural Gas–Consuming countries: A granger causality analysis in the frequency domain. Energy, 165, 179-186.
  • Azam, A., Rafiq, M., Shafique, M., Zhang, H., ve Yuan, J. (2021). Analyzing the effect of natural gas, nuclear energy and renewable energy on GDP and carbon emissions: A multi-variate panel data analysis. Energy, 219, 119592.
  • Balitskiy, S., Bilan, Y., Strielkowski, W., ve Štreimikienė, D. (2016). Energy efficiency and natural gas consumption in the context of economic development in the European Union. Renewable and Sustainable Energy Reviews, 55, 156-168.
  • Bildirici, M. E., ve Bakirtas, T. (2014). The relationship among oil, natural gas and coal consumption and economic growth in BRICTS (Brazil, Russian, India, China, Turkey and South Africa) countries. Energy, 65, 134-144.
  • Bulkani, B., Sonedi, S., ve Putra, C. A. (2021). The Natural Gas Consumption and Economic Development Nexus: Fresh Evidence from Indonesia. International Journal of Energy Economics and Policy, 11(1), 607.
  • Chang, T., Gupta, R., Inglesi-Lotz, R., Masabala, L. S., Simo-Kengne, B. D., ve Weideman, J. P. (2016). The causal relationship between natural gas consumption and economic growth: evidence from the G7 countries. Applied Economics Letters, 23(1), 38-46.
  • Colakoglu, S. (2016). The Role of MIKTA in Global Governance: Assessments ve Shortcomings. Korea Observer, 47(2), 267-290.
  • Dogan, E. (2015). Revisiting the relationship between natural gas consumption and economic growth in Turkey. Energy Sources, Part B: Economics, Planning, and Policy, 10(4), 361-370.
  • Erdoğan, S., Gedikli, A., ve Kırca, M. (2019). A note on time-varying causality between natural gas consumption and economic growth in Turkey. Resources Policy, 64, 101504.
  • Etokakpan, M. U., Solarin, S. A., Yorucu, V., Bekun, F. V., ve Sarkodie, S. A. (2020). Modeling natural gas consumption, capital formation, globalization, CO2 emissions and economic growth nexus in Malaysia: Fresh evidence from combined cointegration and causality analysis. Energy Strategy Reviews, 31, 100526.
  • Fadiran, G., Adebusuyi, A. T., ve Fadiran, D. (2019). Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe. Energy, 169, 467-477.
  • Galadima, M. D., ve Aminu, A. W. (2020). Nonlinear unit root and nonlinear causality in natural gas-economic growth nexus: Evidence from Nigeria. Energy, 190, 116415.
  • Haug, S. (2017). Exploring ‘Constructive Engagement’: MIKTA and Global Development. Rising Powers Quarterly, 2(4), 61-68.
  • http://mikta.org https://www.bp.com https://www.iea.org/data-and-statistics/data (Accessed, 01 May 2022)
  • Hussain, J., Khan, A., ve Zhou, K. (2020). The impact of natural resource depletion on energy use and CO2 emission in Belt ve Road Initiative countries: a cross-country analysis. Energy, 199, 117409.
  • IEA, (2020). IEA Gas 2020 Analysing the impact of the Covid-19 pandemic on global natural gas markets. (Accessed, 22 April 2021)
  • Isik, C. (2010). Natural gas consumption and economic growth in Turkey: a bound test approach. Energy Systems, 1(4), 441-456.
  • Kum, H., Ocal, O., ve Aslan, A. (2012). The relationship among natural gas energy consumption, capital and economic growth: Bootstrap-corrected causality tests from G-7 countries. Renewable and Sustainable Energy Reviews, 16(5), 2361-2365.
  • Lach, Ł. (2015). Oil usage, gas consumption and economic growth: Evidence from Poland. Energy Sources, Part B: Economics, Planning, and Policy, 10(3), 223-232.
  • Lee, S. J., ve Yoo, S. H. (2016). Energy consumption, CO2 emission, and economic growth: Evidence from Mexico. Energy Sources, Part B: Economics, Planning, and Policy, 11(8), 711-717.
  • Li, Z. G., Cheng, H., ve Gu, T. Y. (2019). Research on dynamic relationship between natural gas consumption and economic growth in China. Structural Change and Economic Dynamics, 49, 334-339.
  • Lim, H. J., ve Yoo, S. H. (2012). Natural gas consumption and economic growth in Korea: A causality analysis. Energy Sources, Part B: Economics, Planning, and Policy, 7(2), 169-176.
  • Lin, B., ve Benjamin, I. N. (2018). Causal relationships between energy consumption, foreign direct investment and economic growth for MINT: Evidence from panel dynamic ordinary least square models. Journal of Cleaner Production, 197, 708-720.
  • Oh, W., ve Lee, K. (2004). Causal relationship between energy consumption and GDP revisited: the case of Korea 1970–1999. Energy economics, 26(1), 51-59.
  • Ozturk, I., ve Al-Mulali, U. (2015). Natural gas consumption and economic growth nexus: Panel data analysis for GCC countries. Renewable and Sustainable Energy Reviews, 51, 998-1003.
  • Saidi, K., ve Mbarek, M. B. (2016). Nuclear energy, renewable energy, CO2 emissions, and economic growth for nine developed countries: Evidence from panel Granger causality tests. Progress in Nuclear Energy, 88, 364-374.
  • Salahuddin, M., ve Khan, S. (2013). Empirical link between economic growth, energy consumption and CO 2 emission in Australia. The Journal of Developing Areas, 81-92.
  • Shahbaz, M., Arouri, M., ve Teulon, F. (2014). Short-and long-run relationships between natural gas consumption and economic growth: Evidence from Pakistan. Economic Modelling, 41, 219-226.
  • Shahbaz, M., Lean, H. H., ve Farooq, A. (2013). Natural gas consumption and economic growth in Pakistan. Renewable and Sustainable Energy Reviews, 18, 87-94.
  • Sinaga, O., Saudi, M. H. M., Roespinoedji, D., ve Razimi, M. S. A. (2019). The Dynamic Relationship between Natural Gas and Economic Growth: Evidence from Indonesia. International Journal of Energy Economics and Policy, 9(3), 388-394.
  • Solarin, S. A., ve Ozturk, I. (2016). The relationship between natural gas consumption and economic growth in OPEC members. Renewable and Sustainable Energy Reviews, 58, 1348-1356.
  • Solarin, S. A., ve Shahbaz, M. (2015). Natural gas consumption and economic growth: The role of foreign direct investment, capital formation and trade openness in Malaysia. Renewable and Sustainable Energy Reviews, 42, 835-845.
  • Ummalla, M., ve Samal, A. (2019). The impact of natural gas and renewable energy consumption on CO 2 emissions and economic growth in two major emerging market economies. Environmental Science and Pollution Research, 26(20), 20893-20907.
  • Zafar, M. W., Shahbaz, M., Hou, F., ve Sinha, A. (2019). From nonrenewable to renewable energy and its impact on economic growth: the role of research ve development expenditures in Asia-Pacific Economic Cooperation countries. Journal of cleaner production, 212, 1166-1178.
  • Zhi-Guo, L., Cheng, H., ve Dong-Ming, W. (2018). Empirical research on the relationship between natural gas consumption and economic growth in the Northeast Asia. Energy ve Environment, 29(2), 216-231.

NATURAL GAS CONSUMPTION AND ECONOMIC GROWTH NEXUS: PANEL CAUSALITY METHOD FOR MIKTA COUNTRIES

Yıl 2022, Cilt: 5 Sayı: 2, 134 - 146, 30.12.2022

Öz

This study investigates the relationship between economic growth and natural gas consumption in Mexico, Indonesia, South Korea, Turkey and Australia (MIKTA) with panel data analysis. The study was investigated between 1986 and 2018 using panel cointegration tests, Common Correlated Effects Mean Group (CCEMG) estimator and panel causality tests. The result the study, it was concluded that there is a long-term relationship between natural gas consumption and economic growth. CCEMG estimation results show that natural gas consumption on economic growth differs across countries. The Panel causality results show bidirectional causality between economic growth and natural gas consumption for MIKTA countries. The results confirm the feedback hypothesis for MIKTA.

Kaynakça

  • Alam, M. S., Paramati, S. R., Shahbaz, M., ve Bhattacharya, M. (2017). Natural gas, trade and sustainable growth: empirical evidence from the top gas consumers of the developing world. Applied Economics, 49(7), 635-649.
  • Apergis, N., ve Payne, J. E. (2010). Natural gas consumption and economic growth: a panel investigation of 67 countries. Applied Energy, 87(8), 2759-2763.
  • Arora, V., ve Shi, S. (2016). Energy consumption and economic growth in the United States. Applied Economics, 48(39), 3763-3773.
  • Aydin, M. (2018). Natural gas consumption and economic growth nexus for top 10 natural Gas–Consuming countries: A granger causality analysis in the frequency domain. Energy, 165, 179-186.
  • Azam, A., Rafiq, M., Shafique, M., Zhang, H., ve Yuan, J. (2021). Analyzing the effect of natural gas, nuclear energy and renewable energy on GDP and carbon emissions: A multi-variate panel data analysis. Energy, 219, 119592.
  • Balitskiy, S., Bilan, Y., Strielkowski, W., ve Štreimikienė, D. (2016). Energy efficiency and natural gas consumption in the context of economic development in the European Union. Renewable and Sustainable Energy Reviews, 55, 156-168.
  • Bildirici, M. E., ve Bakirtas, T. (2014). The relationship among oil, natural gas and coal consumption and economic growth in BRICTS (Brazil, Russian, India, China, Turkey and South Africa) countries. Energy, 65, 134-144.
  • Bulkani, B., Sonedi, S., ve Putra, C. A. (2021). The Natural Gas Consumption and Economic Development Nexus: Fresh Evidence from Indonesia. International Journal of Energy Economics and Policy, 11(1), 607.
  • Chang, T., Gupta, R., Inglesi-Lotz, R., Masabala, L. S., Simo-Kengne, B. D., ve Weideman, J. P. (2016). The causal relationship between natural gas consumption and economic growth: evidence from the G7 countries. Applied Economics Letters, 23(1), 38-46.
  • Colakoglu, S. (2016). The Role of MIKTA in Global Governance: Assessments ve Shortcomings. Korea Observer, 47(2), 267-290.
  • Dogan, E. (2015). Revisiting the relationship between natural gas consumption and economic growth in Turkey. Energy Sources, Part B: Economics, Planning, and Policy, 10(4), 361-370.
  • Erdoğan, S., Gedikli, A., ve Kırca, M. (2019). A note on time-varying causality between natural gas consumption and economic growth in Turkey. Resources Policy, 64, 101504.
  • Etokakpan, M. U., Solarin, S. A., Yorucu, V., Bekun, F. V., ve Sarkodie, S. A. (2020). Modeling natural gas consumption, capital formation, globalization, CO2 emissions and economic growth nexus in Malaysia: Fresh evidence from combined cointegration and causality analysis. Energy Strategy Reviews, 31, 100526.
  • Fadiran, G., Adebusuyi, A. T., ve Fadiran, D. (2019). Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe. Energy, 169, 467-477.
  • Galadima, M. D., ve Aminu, A. W. (2020). Nonlinear unit root and nonlinear causality in natural gas-economic growth nexus: Evidence from Nigeria. Energy, 190, 116415.
  • Haug, S. (2017). Exploring ‘Constructive Engagement’: MIKTA and Global Development. Rising Powers Quarterly, 2(4), 61-68.
  • http://mikta.org https://www.bp.com https://www.iea.org/data-and-statistics/data (Accessed, 01 May 2022)
  • Hussain, J., Khan, A., ve Zhou, K. (2020). The impact of natural resource depletion on energy use and CO2 emission in Belt ve Road Initiative countries: a cross-country analysis. Energy, 199, 117409.
  • IEA, (2020). IEA Gas 2020 Analysing the impact of the Covid-19 pandemic on global natural gas markets. (Accessed, 22 April 2021)
  • Isik, C. (2010). Natural gas consumption and economic growth in Turkey: a bound test approach. Energy Systems, 1(4), 441-456.
  • Kum, H., Ocal, O., ve Aslan, A. (2012). The relationship among natural gas energy consumption, capital and economic growth: Bootstrap-corrected causality tests from G-7 countries. Renewable and Sustainable Energy Reviews, 16(5), 2361-2365.
  • Lach, Ł. (2015). Oil usage, gas consumption and economic growth: Evidence from Poland. Energy Sources, Part B: Economics, Planning, and Policy, 10(3), 223-232.
  • Lee, S. J., ve Yoo, S. H. (2016). Energy consumption, CO2 emission, and economic growth: Evidence from Mexico. Energy Sources, Part B: Economics, Planning, and Policy, 11(8), 711-717.
  • Li, Z. G., Cheng, H., ve Gu, T. Y. (2019). Research on dynamic relationship between natural gas consumption and economic growth in China. Structural Change and Economic Dynamics, 49, 334-339.
  • Lim, H. J., ve Yoo, S. H. (2012). Natural gas consumption and economic growth in Korea: A causality analysis. Energy Sources, Part B: Economics, Planning, and Policy, 7(2), 169-176.
  • Lin, B., ve Benjamin, I. N. (2018). Causal relationships between energy consumption, foreign direct investment and economic growth for MINT: Evidence from panel dynamic ordinary least square models. Journal of Cleaner Production, 197, 708-720.
  • Oh, W., ve Lee, K. (2004). Causal relationship between energy consumption and GDP revisited: the case of Korea 1970–1999. Energy economics, 26(1), 51-59.
  • Ozturk, I., ve Al-Mulali, U. (2015). Natural gas consumption and economic growth nexus: Panel data analysis for GCC countries. Renewable and Sustainable Energy Reviews, 51, 998-1003.
  • Saidi, K., ve Mbarek, M. B. (2016). Nuclear energy, renewable energy, CO2 emissions, and economic growth for nine developed countries: Evidence from panel Granger causality tests. Progress in Nuclear Energy, 88, 364-374.
  • Salahuddin, M., ve Khan, S. (2013). Empirical link between economic growth, energy consumption and CO 2 emission in Australia. The Journal of Developing Areas, 81-92.
  • Shahbaz, M., Arouri, M., ve Teulon, F. (2014). Short-and long-run relationships between natural gas consumption and economic growth: Evidence from Pakistan. Economic Modelling, 41, 219-226.
  • Shahbaz, M., Lean, H. H., ve Farooq, A. (2013). Natural gas consumption and economic growth in Pakistan. Renewable and Sustainable Energy Reviews, 18, 87-94.
  • Sinaga, O., Saudi, M. H. M., Roespinoedji, D., ve Razimi, M. S. A. (2019). The Dynamic Relationship between Natural Gas and Economic Growth: Evidence from Indonesia. International Journal of Energy Economics and Policy, 9(3), 388-394.
  • Solarin, S. A., ve Ozturk, I. (2016). The relationship between natural gas consumption and economic growth in OPEC members. Renewable and Sustainable Energy Reviews, 58, 1348-1356.
  • Solarin, S. A., ve Shahbaz, M. (2015). Natural gas consumption and economic growth: The role of foreign direct investment, capital formation and trade openness in Malaysia. Renewable and Sustainable Energy Reviews, 42, 835-845.
  • Ummalla, M., ve Samal, A. (2019). The impact of natural gas and renewable energy consumption on CO 2 emissions and economic growth in two major emerging market economies. Environmental Science and Pollution Research, 26(20), 20893-20907.
  • Zafar, M. W., Shahbaz, M., Hou, F., ve Sinha, A. (2019). From nonrenewable to renewable energy and its impact on economic growth: the role of research ve development expenditures in Asia-Pacific Economic Cooperation countries. Journal of cleaner production, 212, 1166-1178.
  • Zhi-Guo, L., Cheng, H., ve Dong-Ming, W. (2018). Empirical research on the relationship between natural gas consumption and economic growth in the Northeast Asia. Energy ve Environment, 29(2), 216-231.
Toplam 38 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Anıl Lögün 0000-0003-2543-3964

Buket Aydın 0000-0002-6204-0505

Rahman Aydın 0000-0003-0440-7468

Erken Görünüm Tarihi 30 Aralık 2022
Yayımlanma Tarihi 30 Aralık 2022
Gönderilme Tarihi 22 Mayıs 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 5 Sayı: 2

Kaynak Göster

APA Lögün, A., Aydın, B., & Aydın, R. (2022). NATURAL GAS CONSUMPTION AND ECONOMIC GROWTH NEXUS: PANEL CAUSALITY METHOD FOR MIKTA COUNTRIES. Journal of Business Innovation and Governance, 5(2), 134-146. https://doi.org/10.54472/jobig.1119681

Creative Commons Lisansı
Journal of Business, Innovation and Governance Creative Commons Atıf-Gayri Ticari 4.0 Uluslararası Lisansı ile lisanslanmıştır.