BİLTÜRK Ekonomi ve İlişkili Çalışmalar Dergisi

Öz

The subject of our study is the economic relationship of energy consumption on current account deficit and GDP items. Our main aim is; It is the examination of the relationship between energy consumption and macroeconomic indicators, on which many economists have been researching since 1978, both theoretically and empirically. In the study, the causality between the current account deficit and GDP items of energy consumption for the period covering the years 2000-2018 in Turkey was analyzed. For this purpose, the long-term relationship between real GDP per capita, energy consumption and current account deficit indicators of the country in question was examined using unit root tests, Johansen cointegration and Granger causality tests. As a result of the analysis, the null hypothesis is rejected. No Granger causality relationship could be detected between the variables. However, one-way Granger causality relationship from energy consumption to GDP has been determined. Granger causality relationship from GDP to energy consumption could not be determined. Similarly, one-way Granger causality relationship from energy consumption to current account deficit was determined, while Granger causality relationship from current account deficit to energy consumption could not be determined.