The link between electricity consumption and stock market during the pandemic in Türkiye: a novel high-frequency approach
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Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Heidelberg
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This article examines the relationship between electricity consumption and the stock market in the Turkish economy during the COVID-19 pandemic. A novel high-frequency model is used, incorporating the hourly energy consumption and Borsa Istanbul (BIST) National stock market index variables. To determine the effect of electricity consumption on the stock market index and vice versa, a high-frequency VAR-based spillover approach, time-varying Granger causality, and time-varying Bayesian VAR analysis are employed. The findings reveal a positive and weak relationship between electricity consumption and the stock market but it has a time-varying nature in an emerging market context in the post-COVID-19 period in the Turkish economy.
Açıklama
Anahtar Kelimeler
COVID-19, Electricity consumption, Stock markets, Turkish economy, Spillover index, Time-varying vector autoregression, Time-varying Granger causality
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
31
Sayı
11
