An Investigation of the Relationship between the Biomass Energy Consumption, Economic Growth and Oil Prices

dc.contributor.authorErsin, Özgür
dc.contributor.authorBildirici, Melike
dc.date.accessioned2019-07-16T13:23:52Z
dc.date.available2019-07-16T13:23:52Z
dc.date.issued2015
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractThis paper investigates the causality analysis among biomass energy consumption, oil prices and economic growth in Austria, Canada, Germany, Great Britain, Finland, France, Italy, Mexico, Portugal and the U.S. by using the autoregressive distributed lag bounds testing (ARDL) method, Granger causality and Toda and Yamamato non-causality test. The dataset covers the 1970-2013 period. Although many papers have explained the relationship between oil prices and economic growth since 1970, papers have not focused the relationship among biomass energy consumption, oil prices and economic growth. This paper focused the relationship because it was accepted the biomass energy is affected by economic growth and the oil price. For Austria, Germany, Finland and Portugal, the Granger causality test determined the evidence that the conservation hypothesis is supported. In state of U.S., the feedback hypothesis highlights the interdependent relationship between biomass energy consumption and economic growth. Tado Yamamoto test determined, for Austria, Germany, Finland and Portugal, the conservation hypothesis is supported. In state of U.S., the feedback hypothesis highlights the interdependent relationship between biomass energy consumption and economic growth.en_US
dc.identifier.doi10.1016/j.sbspro.2015.11.360
dc.identifier.issn1877-0428
dc.identifier.urihttps://doi.org/10.1016/j.sbspro.2015.11.360
dc.identifier.wosWOS:000380550300024en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherScienceDirecttr_TR
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.subjectEconomic Growthtr_TR
dc.subjectBıomass energytr_TR
dc.subjectARDLtr_TR
dc.subjectGranger Causalitytr_TR
dc.subjectVECtr_TR
dc.subjectToda and Yamamato non-causality testtr_TR
dc.titleAn Investigation of the Relationship between the Biomass Energy Consumption, Economic Growth and Oil Pricesen_US
dc.typeArticleen_US

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