The Relationship among Electricity Consumption and Economic Growth in Turkey (2000-2017)

Abstract

Today, both developed and developing countries industries are using mainly fossil fuels. This situation entails environmental hazards and sustainability threatening risks as well. Production from renewable energy sources many may solve the environmental and the other problems. Electricity is an energy source that can not be ignored important contribution in terms of economic growth. If this condition which energy consumption rate of the developed countries, higher than in other countries is considered, In order to achieve the targeted economic growth, Turkey's energy production and consumption need to pay attention. In this study, on the relationship between electricity consumption and economic growth, during the period between 2000-2017 in Turkey, is discussed. As it performed previously in several studies, in this study, the close relationship between electricity consumption and economic growth was determined.

Keywords: Energy Economics, Electricity Consumption, Economic growth.

DOI: 10.7176/JSTR/5-8-09