Akademik Veri Yönetim Sistemi
JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY, cilt.11, sa.1, ss.288-309, 2024 (ESCI)
Electricity, which emerged as a secondary energy source, has been one of
the important input items in production since its widespread use. In this
study, it is analyzed in 7 countries (Bahrain, United Arab Emirates, Israel,
Qatar, Qatar, Kuwait, Oman and Saudi Arabia) in the high-income Middle
East and North Africa (MENA) countries group. Using data on public and
commercial services, residential, industrial, total other sectors
(agriculture, transportation), total electricity consumed and GDP for the
period 1990-2021, the relationship between sectoral electricity
consumption and economic growth is analyzed with the Panel Granger
causality test. As a result of the analysis, while there is no long-run
relationship between public and commercial services, residential, total
other sectors (agriculture, transportation) and total electricity consumed
and growth, there is no causality relationship between these variables,
while there is a unidirectional causality relationship from growth to
electricity consumption in industry. Contrary to previous studies, the
reason for the absence of a causality relationship from electricity
consumption to GDP growth in this study is that export revenues from
natural resources and high-tech products make a significant contribution
to the GDP formation of the countries included in the analysis. These
results show that, contrary to the same directional relationship between
electricity consumption and GDP growth in the literature, it is not valid
for natural resource and high technology exporter countries. We can say
that the results of the study make an important contribution to the literature
in this respect.