RELATIONSHIP BETWEEN RESIDENTAL ENERGY CONSUMPTION AND SELECTED MACROECONOMIC FACTORS IN TÜRKİYE

The aim of the study is to examine the relationship between economic growth, energy imports and exchange rate affecting natural gas and electricity consumption in residences 1990-2022. It was determined that natural gas and electricity consumption in residences were not stationary, but independent variables were stationary and a regression model was created for the data of these factors. Then, ARDL analysis was applied. In terms of electricity consumption in residences, it was determined that there was a weak relationship with economic growth in the short term and a strong relationship in the long term, but there was no relationship between it and energy imports. When it comes to exchange rates, it was determined that there is a stronger relationship in the long term than in the short term. When the results were evaluated in terms of natural gas used in residences, it was determined that there was no relationship with economic growth. There was a negative relationship with the exchange rate compared to three years ago, and a positive relationship compared to two years ago. It was determined that the increase in energy imports reduces residential energy consumption in the short term and increases it in the long term.