Causality Nexus Between GDP and Energy Consumption in Turkiye and Romania
Anahtar Kelimeler:Economic Growth
The nexus between economic evolution and energy consumption was investigated during the period from 1960 to 2015 in Turkey and from 1990 to 2015 in Romania, utilizing the Engle-Granger co-integration test. Data are acquired from the Development Indicators generated by the World Bank. Two variables were employed from the database: energy use (kg of oil equivalent per capita) and GDP per capita (constant 2015 US$). Accessibility of data on energy consumption restrained the option of the starting period. The results revealed that the investigated variables were not co-integrated for Turkey and Romania during the studied interval.
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