@article{2018,title={The Relationship Between Electricity Consumption and Economic Growth: The Case of the European Union and Turkey},abstractNode={It is very important to investigate the benefits of electric energy and the economic variables it influences ın today's age when the use of electric energy in today's industrial, service and community life is becoming very widespread. The relationship between electricity consumption and economic growth has been the subject of many academic reviews in this framework. However, the findings are very different and a common result has not been achieved. In this study, the relationship between electricity consumption and economic growth is tested by econometric methods and it is aimed to contribute to the literature by using Johansen cointegration analysis, error correction mechanism and Granger causality analysis. Researches has focused on developed and developing economies with the example of Turkey and the European Union. For this study, We prefered annual data and time series analysis for the European Union between 1960-2014 and for Turkey between 1977-2014. Findings are parallels in terms of Turkey and the European Union. The results show that there is a cointegration relationship between electricity consumption and economic growth and they are coming long-term equilibrium together. Moreover, both the European Union and Turkey there is uni-directional causal relationship running from electricity consumtion to economic growth.},author={Bayram AYDIN-& Emre Güneşer BOZDAĞ},year={2018},journal={Journal of Academic Value Studies (JAVStudies)}}