ARE SHOCKS TO ENERGY CONSUMPTION IS TRANSITORY IN TURKEY? AN EVIDENCE FROM UNIT ROOT TEST WITH STRUCTURAL BREAKS

The existence of relationship between the energy usage and the macroeconomic indicators has gained more and more importance every day. This, in turn, has increased the role of the decisions to be made in energy policies for achieving the economic goals. In this context, the number of the studies on energy is increasing day by day. While the place of the energy that is significant within the economic system, the effectiveness of economic decisions based on econometric analyzes which will be taken on the energy related issues depends on the structure of the energy consumption data. The study conducted within this context aims to gain an insight about decisions which will be made in Turkey regarding energy policies by investigating the stationarity of the energy consumption data. For the data belong Turkey is between 1960-2014, Unit Root Test which was developed by Lee-Strazicich (2003,2004) allowing the structural breaks is used in order to test the stationarity of the data set.