Analyzing energy consumption and GDP nexus using maximum entropy bootstrap: The case of Turkey

摘要: Abstract We employ a maximum entropy bootstrap based framework to analyze the energy consumption and real GDP nexus between 1950 2006 in Turkey. Our approach provides more accurate inference comparison conventional hypothesis tests on asymptotic theory. It also avoids preliminary testing shape-destroying transformations such as differencing detrending. The bivariate analysis well multivariate controlling for exchange rate oil prices shows no evidence of causal relation. results are robust both number lags time period chosen. perform cointegration data point out common misunderstanding literature regarding concept causation.