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ID: 126529

Interactions between energy and imports in Singapore: empirical evidence from conditional error correction models / Katircioglu, Salih Turan

Katircioglu, Salih Turan	Journal Article
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Publication

2013.

Summary/Abstract

This study empirically tests for long-run equilibrium relationship and the direction of causality between imports and energy consumption in Singapore. The results of the present study reveal that a long-run equilibrium relationship exists between import growth and energy consumption growth in Singapore by using bivariate systems. Imports of Singapore converge to long-term equilibrium levels by 79.9 percent speed of adjustment through the channel of energy growth. Furthermore, the major finding of this study is that there are long- and short-term undirectional causalities that run from energy growth to import growth in Singapore, which denote that energy consumption in Singapore is a catalyst for importing.

Key Words

Singapore ; Energy Consumption ; Imports

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ID: 126544

Natural gas consumption and economic growth: are we ready to natural gas price liberalization in Iran? / Heidari, Hassan; Katircioglu, Salih Turan; Saeidpour, Lesyan

Katircioglu, Salih Turan	Journal Article
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Publication

2013.

Summary/Abstract

This paper examines the relationship between natural gas consumption and economic growth in Iran within a multivariate production model. We also investigate the effects of natural gas price on its consumption and economic growth using a demand side model. The paper employs bounds test approach to level relationship over the period of 1972-007. We find evidence of bidirectional positive relationship between natural gas consumption and economic growth in short-run and long-run, based on the production model. The findings also suggest that real GDP growth and natural gas have positive and negative impacts on gross fixed capital formation, respectively. Employment, however, was found to have negative but insignificant impact on gross fixed capital formation. Moreover, the estimation results of demand side model suggest that natural gas price has negative and significant impact on natural gas consumption only in the long-run, though there is insignificant impact on economic growth. These results imply that the Iranian government's decision for natural gas price liberalization has the adverse effects on economic growth and policy makers should be cautious in doing this policy.

Key Words

Iran ; Economic Growth ; Natural Gas Consumption

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