F. Halicioglu

Article | 2007 | Energy Economics29 ( 2 ) , pp.199 - 210

This article provides fresh empirical evidences for the income and price elasticies of the residential energy demand both in the short-run and long-run for Turkey over the period 1968-2005, using the bounds testing procedure to cointegration. The computed elasticities of income and price are consistent with the previous studies and, as expected, the long-run elasticities are greater than the short-run elasticities. An augmented form of Granger causality analysis is implemented among residential electricity, income, price and urbanization. In the long-run, causality runs interactively through the error-correction term from income, pr . . .ice and urbanization to residential energy but the short-run causality tests are inconclusive The parameter stability of the short-run as well as long-run coefficients in the residential energy demand function are tested. The results of these tests display a stable pattern. © 2006 Elsevier B.V. All rights reserved Daha fazlası Daha az

F. Halicioglu

Article | 2010 | Tourism Economics16 ( 1 ) , pp.83 - 97

This study empirically examines aggregate tourism outflows in the case of Turkey using the time-series data for 1970-2005. As far as this article is concerned, there is no previous empirical work dealing with tourist outflows from Turkey. The previous tourism studies of Turkey have focused, by and large, on inbound tourism demand analyses. However, as a developing country and an important tourism destination, Turkey has also been a significant source for generating a substantial number of tourists in recent years. Therefore, the tourist outflows also merit empirical analysis. Total tourist outflows from Turkey are related to real in . . .come and relative prices. The bounds testing to cointegration procedure proposed by Pesaran et al (2001) is employed to compute the short- and long-run elasticities of income and relative prices. An augmented form of Granger causality analysis is conducted among the variables of outbound tourist flows, income and relative prices to determine the direction of causality. In the long run, causality runs interactively through the error correction term from income and relative prices to outbound tourist flows. However, in the short run, causality runs only from income to outbound tourism flows. The aggregate tourism outflows equation is also checked for the parameter stability via the tests of cumulative sum (CUSUM) and cumulative sum of the squares (CUSUMSQ). The results suggest that income is the most significant variable in explaining total tourist outflows from Turkey and there is a stable outbound tourism demand function. The results also lead to important policy recommendations Daha fazlası Daha az

Halicioglu, F.

Article | 2011 | Energy36 ( 5 ) , pp.3348 - 3354

This study attempts to examine empirically dynamic causal relationships between aggregate output, energy consumption, exports, capital and labour in the case of Turkey using the time series data for the period 1968-2008. This research tests the interrelationships between the variables using the bounds testing to cointegration procedure. The bounds test results indicate that there exists a long-run relationship between the variables in which the dependent variable is aggregate output. Within this study, three competing sets of hypotheses regarding the relationship between aggregate output, exports and energy consumption are tested. A . . .n augmented form of Granger causality analysis is conducted amongst the variables. In the long-run, causality runs interactively through the error correction term from labour, capital, exports and energy consumption to aggregate output. In the short-run, two important bilateral causalities were identified: between energy consumption and aggregate output, between exports and aggregate output. The short-run causality testing reveals further the existence of a unilateral causality running from exports to energy consumption too. The long-run relationship of aggregate output, energy consumption, exports, capital and labour equation is also checked for the parameter stability. The results also provide some important policy recommendations. © 2011 Elsevier Ltd Daha fazlası Daha az