A Dynamic Approach to Demand for Energy in Turkey

Bilgili, Faik (2006): A Dynamic Approach to Demand for Energy in Turkey.

Abstract

This paper looks for the possible outcomes of the determinants of demand for electricity in Turkey. All variables are in per capita. Determinants are electricity production, price index of electricity and income, respectively. Electricity consumption is classified into residential and commercial electricity consumption and industrial electricity consumption. By employing Vector Error Correction Models (VECM) and impulse-responses for electricity consumptions, this paper results in a reduced form indicating that electricity consumption is affected by only electricity production in the long run for the annual period of 1954-2003.

• Item Type: MPRA Paper
• Language: English
• Keywords: Electricity consumption, cointegration, VECM, generalized impulse-response
• Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q41 - Demand and Supply ; Prices; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C52 - Model Evaluation, Validation, and Selection; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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