Graphical Causality Test Approach to the Relationship Between Economic Growth, Energy Consumption, Foreign Trade Balance and Financial Development

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dc.contributor.authorGov, Abdullah
dc.contributor.authorYilanci, Veli
dc.date.accessioned2025-01-27T20:49:51Z
dc.date.available2025-01-27T20:49:51Z
dc.date.issued2023
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThe aim of this study is to examine the relationships among economic growth, energy consumption, financial development, and foreign trade for 30 developing countries by employing the least absolute shrinkage and selection operator (LASSO) and truncating LASSO (KLASSO) graphical Granger causality (GGN) approaches. The results of the KLASSO GGN test show a unidirectional causality relationship to exist from economic growth to the trade balance, while the findings of the LASSO GGN test indicate a bidirectional causality to exist between these two series. The study has also determined a unidirectional causality to exist from financial development and energy consumption to economic growth. Overall, the empirical findings support the growth hypothesis and the demand-following hypothesis. Evidence has also been obtained showing economic growth to be an important factor affecting the change in the foreign trade balance among the examined country group and period (1990-2019).
dc.identifier.doi10.26650/ISTJECON2022-1164588
dc.identifier.endpage230
dc.identifier.issn2602-4152
dc.identifier.issn2602-3954
dc.identifier.issue1
dc.identifier.startpage203
dc.identifier.trdizinid1187779
dc.identifier.urihttps://doi.org/10.26650/ISTJECON2022-1164588
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1187779
dc.identifier.urihttps://hdl.handle.net/20.500.12428/25333
dc.identifier.volume73
dc.identifier.wosWOS:001024751900007
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isotr
dc.publisherIstanbul Univ
dc.relation.ispartofIstanbul Iktisat Dergisi-Istanbul Journal of Economics
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectFinance
dc.subjectTrade
dc.subjectTruncating LASSO
dc.titleGraphical Causality Test Approach to the Relationship Between Economic Growth, Energy Consumption, Foreign Trade Balance and Financial Development
dc.typeArticle

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