The link between electricity consumption and stock market during the pandemic in Türkiye: a novel high-frequency approach

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Tarih

2024

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

Künye