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Graphical Causality Test Approach to the Relationship Between Economic Growth, Energy Consumption, Foreign Trade Balance and Financial Development

Year 2023, Volume: 73 Issue: 1, 203 - 230, 26.06.2023
https://doi.org/10.26650/ISTJECON2022-1164588

Abstract

The aim of this study is to examine the relationships among economic growth, energy consumption, financial development, and foreign trade for 30 developing countries by employing the least absolute shrinkage and selection operator (LASSO) and truncating LASSO (KLASSO) graphical Granger causality (GGN) approaches. The results of the KLASSO GGN test show a unidirectional causality relationship to exist from economic growth to the trade balance, while the findings of the LASSO GGN test indicate a bidirectional causality to exist between these two series. The study has also determined a unidirectional causality to exist from financial development and energy consumption to economic growth. Overall, the empirical findings support the growth hypothesis and the demand-following hypothesis. Evidence has also been obtained showing economic growth to be an important factor affecting the change in the foreign trade balance among the examined country group and period (1990-2019).

References

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Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı

Year 2023, Volume: 73 Issue: 1, 203 - 230, 26.06.2023
https://doi.org/10.26650/ISTJECON2022-1164588

Abstract

Bu çalışmanın amacı, gelişmekte olan 30 ülke özelinde ekonomik büyüme ile enerji tüketimi, finansal gelişme ve dış ticareti dengesi arasındaki ilişkiyi incelemektir. Analizde LASSO ile Kesik LASSO(KLASSO) Grafiksel Granger Nedensellik(GGN) yaklaşımlarından yararlanılmıştır. Elde edilen sonuçlarda, KLASSO GGN testi ekonomik büyümeden dış ticaret dengesine doğru tek yönlü, LASSO GGN testi ise bu iki değişken arasında çift yönlü bir nedensellik ilişkisinin olduğu sonucunu vermiştir. Bununla birlikte iki testin bulgularında, nedensellik ilişkisinin finansal gelişme ile enerji tüketiminden ekonomik büyümeye doğru tek yönlü olduğu tespit edilmiştir. Ampirik bulgular enerji tüketimi-ekonomik büyüme ilişkisinde büyüme hipotezini, finansal gelişme-ekonomik büyüme ilişkisinde ise talep takipli hipotezi desteklemektedir. Buna ilaveten incelenen ülke grubu ve dönemde (1990-2019) ekonomik büyümenin dış ticaret dengesinin değişimi üzerinde etkisi olan önemli bir faktör olduğuna dair kanıtlar elde edilmiştir.

References

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There are 77 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section Research Article
Authors

Abdullah Göv 0000-0001-9400-6275

Veli Yılancı 0000-0001-5738-690X

Publication Date June 26, 2023
Submission Date August 21, 2022
Published in Issue Year 2023 Volume: 73 Issue: 1

Cite

APA Göv, A., & Yılancı, V. (2023). Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı. İstanbul İktisat Dergisi, 73(1), 203-230. https://doi.org/10.26650/ISTJECON2022-1164588
AMA Göv A, Yılancı V. Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı. İstanbul İktisat Dergisi. June 2023;73(1):203-230. doi:10.26650/ISTJECON2022-1164588
Chicago Göv, Abdullah, and Veli Yılancı. “Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi Ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı”. İstanbul İktisat Dergisi 73, no. 1 (June 2023): 203-30. https://doi.org/10.26650/ISTJECON2022-1164588.
EndNote Göv A, Yılancı V (June 1, 2023) Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı. İstanbul İktisat Dergisi 73 1 203–230.
IEEE A. Göv and V. Yılancı, “Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı”, İstanbul İktisat Dergisi, vol. 73, no. 1, pp. 203–230, 2023, doi: 10.26650/ISTJECON2022-1164588.
ISNAD Göv, Abdullah - Yılancı, Veli. “Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi Ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı”. İstanbul İktisat Dergisi 73/1 (June 2023), 203-230. https://doi.org/10.26650/ISTJECON2022-1164588.
JAMA Göv A, Yılancı V. Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı. İstanbul İktisat Dergisi. 2023;73:203–230.
MLA Göv, Abdullah and Veli Yılancı. “Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi Ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı”. İstanbul İktisat Dergisi, vol. 73, no. 1, 2023, pp. 203-30, doi:10.26650/ISTJECON2022-1164588.
Vancouver Göv A, Yılancı V. Ekonomik Büyüme, Enerji Tüketimi, Dış Ticaret Dengesi ve Finansal Gelişme İlişkisine Grafiksel Nedensellik Testi Yaklaşımı. İstanbul İktisat Dergisi. 2023;73(1):203-30.