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Studies on Balkan and Near Eastern Social Sciences

Edited By Rasim Yilmaz and Günther Löschnigg

This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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The Effects of Different Energy Types’ Consumption on Economic Growth: An Empirical Analysis on Turkey’s Economy (Osman Murat Telatar / Aykut Başoğlu)

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Osman Murat Telatar1 and Aykut Başoğlu2

The Effects of Different Energy Types’ Consumption on Economic Growth: An Empirical Analysis on Turkey’s Economy

Introduction

The industrial revolution initiated the process of mechanization in all areas of the economy. This transition that allowed for mass production and consumption brought on an energy requirement. In addition, the efforts of development and countries’ desire of economic growth increased the energy requirement after the Second World War. Currently, energy has an essential role in the economy on both the demand and supply side. In the case of the demand, energy is one of the products that consumers decide to buy in order to maximize their utility. On the supply side, energy is a main factor of production besides capital, labor, and materials. Therefore, it is clearly seen that energy is at the main base in the economic and social development of countries (Chontanawat et al. 2006: 1).

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