The relationship between energy consumption and economic growth: Evidence from Azerbaijan

  • Focus Area -
  • Type KAPSARC journal article
  • Date 3 October 2017
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Abstract

The study investigates the causal relationship between energy consumption and economic growth in Azerbaijan using annual data covering the period from 1990 to 2015. We used Toda-Yamamoto causality test framework of vector autoregressive (VAR) model to test causal relationship between the variables. The results of this test show that there is bidirectional causality between energy consumption and economic growth. Findings of the study might be useful tool for the similar economies to give appropriate energy related policy decisions. © 2017, Econjournals. All rights reserved.

http://www.econjournals.com/index.php/ijeep/article/view/5644

International Journal of Energy Economics and Policy

Authors

Jeyhun Mikayilov

Jeyhun Mikayilov

Research Fellow Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State… Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State University) in mathematics. Jeyhun holds a Ph.D. in applied mathematics and a D.S. in econometrics. Before joining KAPSARC in September 2017, Jeyhun was an associate professor at the Department of Statistics and Econometrics at Azerbaijan State University, and the Department of Economics at Qafqaz University, where he taught econometrics, statistics, and mathematical economics. His other roles have included director of the Research Institute for Social Sciences and Humanities, and head of the Center for Socio-Economic Research. Jeyhun was a postdoctoral researcher at Indiana University Bloomington, United States (U.S.). He has also been a visiting researcher at several institutions, including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; the University of North Texas, and the University of South Texas, both in the U.S. Jeyhun’s research is focused on applied time series econometrics, the economics of energy, the environment and sustainable development. He has authored over 40 scientific articles published in peer-reviewed journals and is an editorial board member of the International Journal of Advanced Multidisciplinary Research and Review, the Journal of Management, Economics and Industrial Organization, and the Journal of Socio-Economic Studies, and a member of the International Association for Energy Economics.

Expertise

  • Applied Time Series Econometrics
  • The Economics of Energy and Environment
  • Sustainable Development

Publications See all Jeyhun Mikayilov’s publications

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