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A Dynamic Approach to Demand for Energy in Turkey

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Publication Date
Keywords
  • C51 - Model Construction And Estimation
  • Q41 - Demand And Supply
  • Q48 - Government Policy
  • C52 - Model Evaluation
  • Validation
  • And Selection
  • Q43 - Energy And The Macroeconomy

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.

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