Turkey economic energy dependence

Energy, which is one of the essential inputs of goods industry and service industry of today, is demanded more and more each passing day. this increasing demand does not only raise the dependence of economies to energy but also brings a serious financial cost for economies herewith. this situation of energy gives the inspiration to the studies which inquire the relationship between economical indicators and energy. The purpose of this study is to analyse the relationship between 1970-2006 period GNP and sectoral ultimate energy consumption for turkey using co-integration anaysis and error correction model. In the first section of the study, energy sources has been generally presented. in the second section of the study, energy production and consumption values of turkey has been examined and it has been tried to determine the place of turkey on account of these energy sources. in the third section of the study, the relationship between GNP and sectoral ultimate energy consumption has been analysed with co-integration and error correction model. in the result of this econometric analysis, the relationship betweenGNP and sectoral ultimate energy consumption has been positive in both long period and short period. furthermore, error correction term is found statistically meaningful.