Türkiye’de 1990-2017 y?llar? aras?nda fosil ve yenilenebilir kaynakl? elektrik üretiminin, ekonomik büyüme çevresel kirlilikle olan ili?kilerinin incelenmesi makalenin amac?n? olu?turmaktad?r. De?i?kenler aras? ili?kilerin tespiti için Johansen-Juselius (1990) e?bütünle?me testi ile VECM nedensellik analizinin a?amalar? takip edilmi?tir. Analiz sonuçlar?na göre; i) ili?kisi bulunmaktad?r. ii) U...

In the presence of generalized conditional heteroscedasticity (GARCH) in the residuals of a vector error correction model (VECM), maximum likelihood (ML) estimation of the cointegration parameters has been shown to be efficient. On the other hand, full ML estimation of VECMs with GARCH residuals is computationally difficult and may not be feasible for larger models. Moreover, ML estimation of V...

This paper investigates the relationship between electricity consumption and economic growth by using Autoregressive Distributed Lag (ARDL) bounds testing approach and vector error-correction models (VECM) in Cameroon, Cote D'Ivoire, Congo, Ethiopia, Gabon, Ghana, Guatemala, Kenya, Senegal, Togo and Zambia for period 1970-2010. The ARDL results show that there is cointegration relation between ...

In this paper we formulate a model for foreign exchange exposure management and (international) cash management taking into consideration random fluctuations of exchange rates. A vector error correction model (VECM) is used to predict the random behaviour of the forward as well as spot rates connecting dollar and sterling. A two-stage stochastic programming (TWOSP) decision model is formulated ...