Energy demand and factors determining of energy demand: Pratice in Turkey

In this study, energy demand in Turkey and factors that effect it are investigated for the period 1971-2006. The most fitting variables are chosen to from the energy demand predicition model. Wiht econometric analysis, short and long term effects of the independent variables on the energy demand are analysed and results of generalized impulse-response function and variance decomposition are investigated. According to results, in the long run, an increase in electricity prices, agriculture's and industry's shares in GDP lead to an increase in energy demand, on the other hand, an increase in petroleum price decreases energy demand for Turkey.