A co-integration analysis of the price and income elasticities of energy demand in Turkish agriculture

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dc.contributor.authorTurkekul, Berna
dc.contributor.authorUnakitan, Gokhan
dc.date.accessioned2019-10-27T21:24:18Z
dc.date.available2019-10-27T21:24:18Z
dc.date.issued2011
dc.departmentEge Üniversitesien_US
dc.description.abstractAgriculture has an important role in every country's development. Particularly, the contribution of agriculture to development and competitiveness is increasing with agricultural productivity growth. Productivity, in turn, is closely associated with direct and indirect use of energy as an input. Therefore, the importance of energy in agriculture cannot be denied as one of the basic inputs to the economic growth process. Following the importance of energy in Turkish agriculture, this study aims to estimate the long- and short-run relationship of energy consumption, agricultural GDP, and energy prices via co-integration and error correction (ECM) analysis. Annual data from 1970 to 2008 for diesel and electricity consumptions are utilized to estimate long-run and short-run elasticities. According to ECM analysis, for the diesel demand model, the long-run income and price elasticities were calculated as 1.47 and -0.38, respectively. For the electricity demand model, income and price elasticities were calculated at 0.19 and -0.72, respectively, in the long run. Briefly, in Turkey, support for energy use in agriculture should be continued in order to ensure sustainability in agriculture, increase competitiveness in international markets, and balance farmers' income. (C) 2011 Elsevier Ltd. All rights reserved.en_US
dc.identifier.doi10.1016/j.enpol.2011.01.064
dc.identifier.endpage2423en_US
dc.identifier.issn0301-4215
dc.identifier.issn0301-4215en_US
dc.identifier.issue5en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage2416en_US
dc.identifier.urihttps://doi.org/10.1016/j.enpol.2011.01.064
dc.identifier.urihttps://hdl.handle.net/11454/44483
dc.identifier.volume39en_US
dc.identifier.wosWOS:000290237600019en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofEnergy Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectError correction modelen_US
dc.subjectIncome elasticityen_US
dc.subjectPrice elasticityen_US
dc.titleA co-integration analysis of the price and income elasticities of energy demand in Turkish agricultureen_US
dc.typeArticleen_US

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