International Conference on Eurasian Economies
17-18 September 2013 – St. Petersburg, RUSSIA
Paper detail
Paper ID : 691
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Mr. Erkan Dendeş
Session : 5D Enerji ve Tabii Kaynaklar
The Relationship between Energy Consumption and Growth in the Transition Economies of Central Asian Republics
Geçiş Sürecindeki Orta Asya Cumhuriyetlerinde Enerji Tüketimi ve Büyüme İlişkisi
- Asst. Prof. Dr. Abdullah Özdemir (Adnan Menderes University, Türkiye)
- Assoc. Prof. Dr. Mehmet Mercan (Adnan Menderes University, Türkiye)
- Mr. Erkan Dendeş (Adnan Menderes University, Türkiye)
Abstract
The transition period from the socialist system to the capitalist system is used to describe economies in transition. With the dissolution of the Soviet Union in the 1990s, with Central and Eastern European Countries, the Countries in Central Asia have entered into this process. Central Asian Countries haven’t entered into this process providently a lot in transitional stage. At the end of secession process from the Soviet Union, these countries had only limited industrial plants and natural resources. However, reserves of energy resources that these countries have in their economic growth have been a pusher factor. No doubt, increasing energy consumption has a significant effect in the development of the countries. The main purpose of this study is to test the existence of growth relation and energy consumptions in Central Asian Countries that live the transition period accordingly. This study investigates relationship between economic growth and energy consumption for Central Asian Countries over the period 1990-2010 by using panel data analysis. As a conclusion it is reached that there is a significant correlation between energy consumption and economic growth for these countries.
JEL codes: P25, Q43, C33
Özdemir, Abdullah, Mercan, Mehmet, Dendeş, Erkan (2013). "The Relationship between Energy Consumption and Growth in the Transition Economies of Central Asian Republics" in Proceedings of International Conference of Eurasian Economies 2013, pp.1009-1017, St. Petersburg, RUSSIA.
DOI: https://doi.org/10.36880/C04.00691
Session 5D: Enerji ve Tabii Kaynaklar
