The relationship between energy and production: evidence from Turkish manufacturing industry

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dc.authorid0000-0002-6143-289Xen_US
dc.authorid0000-0002-8276-7648en_US
dc.contributor.authorSoytaş, Uğur
dc.contributor.authorSarı, Ramazan
dc.date.accessioned2021-06-23T19:19:44Z
dc.date.available2021-06-23T19:19:44Z
dc.date.issued2007
dc.departmentBAİBÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractThis paper investigates the relationship between energy and production at the industry level in an emerging market, Turkey, in a multivariate framework. The electricity consumption and value added relation is examined in the Turkish manufacturing industry, while also accounting for labor and fixed investment. We find that labor, fixed investment, electricity consumption, and value added are related via three cointegrating vectors. The VEC results indicate uni-directional causality running from electricity consumption to value added. Generalized impulse response and variance decomposition analyses confirm these results. Thus, energy input appears to be closely related to production. Hence, energy saving technologies and increased energy efficiency may increase the growth in manufacturing value added.en_US
dc.identifier.doi10.1016/j.eneco.2006.05.019
dc.identifier.endpage1165en_US
dc.identifier.issn0140-9883
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-34548431626en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1151en_US
dc.identifier.urihttps://doi.org/10.1016/j.eneco.2006.05.019
dc.identifier.urihttps://hdl.handle.net/20.500.12491/5995
dc.identifier.volume29en_US
dc.identifier.wosWOS:000250134900004en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorSarı, Ramazan
dc.language.isoenen_US
dc.publisherElsevier Science Bven_US
dc.relation.ispartofEnergy Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEnergy Consumptionen_US
dc.subjectOutputen_US
dc.subjectGranger Causalityen_US
dc.subjectCointegrationen_US
dc.subjectVECen_US
dc.titleThe relationship between energy and production: evidence from Turkish manufacturing industryen_US
dc.typeArticleen_US

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