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- Title
Petrol Tüketimi ve Büyüme: OECD Ülkelerine İlişkin Panel Veri Analizi.
- Authors
GÖVDELİ, Tuncer; BAŞKONUŞ DİREKÇİ, Tuba
- Abstract
In this study, the relationship between oil consumption and economic growth has been analyzed for 28 OECD countries which is covering the years 1980 to 2013. Firstly, cross section dependence among countries is examined. Due to the findings in the cross section dependency unit root test and cointegration test must be the second generation tests. For this reason, we used second generation unit root test (Pesaran CADF (2007)) and cointegration test (Westerlund Durbin-H (2008)). The result was found long run relationship between oil consumption and economic growth. At the end of the study, the long term cointegration coefficients were estimated with Common Correlated Effect (CCE). In the results obtained, the coefficient of elasticity is found to be 0.279,
- Publication
Gaziantep University Journal of Social Sciences, 2018, Vol 17, Issue 4, p1574
- ISSN
1303-0094
- Publication type
Article