A CAUSAL RELATIONSHIP BETWEEN ENERGYCONSUMPTION AND ECONOMIC GROWTH INTURKMENISTAN

Authors

  • Gadam TACHMUHAMMEDOV Author
  • Atajan BASHIMOV Author

DOI:

https://doi.org/10.71447/3005-2696-2025-1-39

Keywords:

Energy consumption, economic growth, cointegration, Granger causality, unit root

Abstract

This study investigates the impact of energy consumption (EC) and economic growth (GDP) using econometric approaches for Turkmenistan. Annual data from 1992 to 2019 are used. The relationship between economic growth and electricity consumption variables is investigated using the cointegration test and Granger causality test. The results indicate the existence of a unidirectional causal relationship between economic growth (GDP) to electricity consumption (EC) and there is no long-run relationship between electricity consumption and economic growth in Turkmenistan. In this case,
it is recommended to save energy and export electricity surplus.

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Published

2025-01-27

How to Cite

A CAUSAL RELATIONSHIP BETWEEN ENERGYCONSUMPTION AND ECONOMIC GROWTH INTURKMENISTAN. (2025). Economic Cooperation Organization Economic Journal , 1(8). https://doi.org/10.71447/3005-2696-2025-1-39

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