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OECD ÜLKELERİNDE YENİLENEBİLİR ENERJİ KULLANIMI VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: AMPİRİK BİR DEĞERLENDİRME

Year 2023, Volume: 6 Issue: 1, 53 - 66, 04.07.2023

Abstract

Küreselleşme aleyhtarlarının belki de en fazla üzerinde durdukları konulardan birisi olan iklim değişiklikleri ile onun doğa ve çevre üzerinde yaptığı tahribat, zamanla ülkeleri katı fosil yakıt kullanımından vazgeçirmiş ve yenilenebilir enerji tüketimi kullanımında önemli oranda artışlara sebep olmuştur. Bununla beraber yenilenebilir enerji kullanımında yaşanan artışların, ekonomik büyüme açısından ne gibi etkileri olduğu sorusu da cevap aramaya başlamıştır.
Çalışmanın amacı, 1995-2018 yılları arasındaki dönem için, OECD ülkelerinde yenilenebilir enerji kullanımı ve ekonomik büyüme arasındaki ilişkiyi analiz etmektir. Çalışmada kullanılan değişkenler öncelikle durağanlık testleri ile analize tabi tutulmuş ve ortaya çıkan durağanlığın yapısına göre de Westerlund (2008) eşbütünleşme analizi gerçekleştirilmiştir. Akabinde yenilenebilir enerji kullanımı ve ekonomik büyüme arasındaki ilişki, Dumitrescu-Hurlin (2012) nedensellik analizi ile araştırılmıştır.
Çalışmanın geneli itibariyle yapılacak değerlendirmeye göre; yenilenebilir enerji kullanımına ekonomik büyümeye doğru bir nedensellik ilişkisi görülmezken, ekonomik büyümeden yenilenebilir enerji kullanımına doğru (tek yönlü) bir nedensellik ilişkisi bulunduğu sonucuna ulaşılmıştır.

References

  • Alper, F. Ö. (2018). Yenilenebilir Enerji ve Ekonomik Büyüme Arasındaki İlişki: 1990-2017 Türkiye Örneği, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(2), 223-242.
  • Apergis, N. & Payne, J. E. (2010). Renewable energy consumption and growth in Eurasia. Energy Economics, 32, 1392-1397.
  • Apergis, N. & Payne, J. E. (2011). The renewable energy consumption–growth nexus in Central America. Applied Energy, 88, 343-347.
  • Apergis, N., & Danuletiu, D. C. (2014). “Renewable Energy And Economic Growth: Evidence From The Sign Of Panel Long-Run Causality”. International Journal Of Energy Economics And Policy, 4(4), 578-587.
  • Aytun, C., & Akın, C. S. (2014). Kurumsal kalite ve ekonomik büyüme: panel nedensellik analizi. Çukurova Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 1881, 89 -100.
  • Bhattacharya, M., Paramati, S.R., Ozturk, I. & Bhattacharya, S. (2016). The Effect of Renewable Energy Consumption on Economic Growth: Evidence From on Top 38 Countries, Applied Energy, 162(2016), 733-741.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification tests in econometrics. Review of Economic Studies, 47(1), 239-253.
  • Bulut, U., & Muratoglu, G. (2018). Renewable Energy İn Turkey: Great Potential, Low But İncreasing Utilization, and An Empirical Analysis On Renewable Energy-Growth Nexus, Energy Policy, 123, 240-250.
  • Çapık, M. Y., & Çavuşoğlu, İ. (2012). Present situation and potential role of renewable energy in Turkey. Renewable Energy, 46, 01-13.
  • Dike, S., & Sam, C. Dike, V. N. (2016) Decoupling Energy Development, Economic Growth and Environmental Sustainability in African States: The Tradeoffs, International conference on Energy, Environment and Economics, 16-18 August 2016: 186–95.
  • Dumitrescu. E. I., & Hurlin. C. (2012). Testing for Granger Non-Causality in Heterogeneous Panels. Economic Modelling, 29 (4), July, 1450-1460.
  • Felix, R. (2020) Renewable Energy Contribution to Economic Growth in OECD Countries. İzmir Sosyal Bilimler Dergisi, 1(2): 86–93.
  • Inglesi-Lotz, R. (2016). The Impact of Renewable Energy Consumption to Economic Growth: A Panel Data Application. Energy Economics, 53, 58-63. Ito, K. (2017). CO2 Emissions, Renewable And Non-Renewable Energy Consumption, And Economic Growth: Evidence From Panel Data For Developing Countries, International Economics, 151, 1-6.
  • Kahia, M., Aïssa, M. S. B., & Lanouar, C. (2017). Renewable And Non-Renewable Energy Use-Economic Growth Nexus: The Case Of MENA Net Oil Importing Countries, Renewable And Sustainable Energy Reviews, 71, 127-140.
  • Korkmaz, Ö., & Develi, A. (2012). Türkiye’de Birincil Enerji Kullanımı, Üretimi ve Gayri Safi Yurtiçi Hasıla (GSYİH) Arasındaki İlişki, Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 27(2), 1-25.
  • Kula, F. (2014). The Long-run Relationship between Renewable Electricity Consumption and GDP: Evidence from Panel Data. Energy Sources, Part B: Economics, Planning, and Policy, 9(2), 156-160.
  • Margues, A. C. & Fuinhas, J. A. (2012). Is renewable energy effective in promoting growth?. Energy Policy, 46, 434-442.
  • Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy Economics, 33, 257-263.
  • Neagu, O., Haiduc, C. and Anghelina, A. (2021) “Does Renewable Energy Matter for Economic Growth in Central and Eastern European Countries? Empirical Evidence from Heterogeneous Panel Cointegration Analysis”, Studia Universitatis, Vasile Goldis, Arad – Economics Series 31(1):34– 59. doi: 10.2478/sues-2021-0003.
  • Ocal, O. & Aslan, A. (2013). Renewable energy consumption–economic growth nexus in Turkey. Renewable and Sustainable Energy Reviews, 28©, 494-499.
  • Özbay, F., & Oğuztürk. B. S. (2020). Panel Veri Modellerinde Sapmalara Karşı Alternatif Yaklaşımlar: Statik ve Dinamik Panel Veri Modelleri Üzerine Bir İnceleme, İktisadi ve İdari Bilimlerde Teori ve Araştırmalar II, 1(6), Gece Kitaplığı: Ankara, 373-392.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels. IZA Discussion Paper, (1240), 1-39.
  • Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross Section Dependence. Journal of Applied Econometrics, 22, 265–312.
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A Bias-Adjusted LM Test of Error Cross-Section Independence. The Econometrics Journal, 11(1), 105-127.
  • Shahbaz, M., Loganathan, N., Zeshan, M. & Zaman, K. (2015). Does renewable energy consumption add in economic growth?An application of auto-regressive distributed lag modelin Pakistan. Renewable and Sustainable Energy Reviews, 44, 576-585.
  • Qudrat-Ullah, H. & Nevo, C. M. (2021) “The Impact of Renewable Energy Consumption and Environmental Sustainability on Economic Growth in Africa.” Energy Reports 7(June): 3877– 86. doi: 10.1016/j.egyr.2021.05.083.
  • Tuğcu, C. T., Ozturk, I. & Aslan, A. (2012). Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries. Energy Economics, 34, 1942–1950.
  • Yikun, Z., Gul, A., Saleem, S. & Shabbir, M. S. (2021) The Relationship between Renewable Energy Sources and Sustainable Economic Growth: Evidence from SAARC Countries, Environmental Science and Pollution Research 28(1): 1-10.
  • Westerlund. J. (2008). Panel Cointegration Tests of the Fisher Effect. Journal of Applied Economics, 23(2), March, 193-233.
Year 2023, Volume: 6 Issue: 1, 53 - 66, 04.07.2023

Abstract

References

  • Alper, F. Ö. (2018). Yenilenebilir Enerji ve Ekonomik Büyüme Arasındaki İlişki: 1990-2017 Türkiye Örneği, Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(2), 223-242.
  • Apergis, N. & Payne, J. E. (2010). Renewable energy consumption and growth in Eurasia. Energy Economics, 32, 1392-1397.
  • Apergis, N. & Payne, J. E. (2011). The renewable energy consumption–growth nexus in Central America. Applied Energy, 88, 343-347.
  • Apergis, N., & Danuletiu, D. C. (2014). “Renewable Energy And Economic Growth: Evidence From The Sign Of Panel Long-Run Causality”. International Journal Of Energy Economics And Policy, 4(4), 578-587.
  • Aytun, C., & Akın, C. S. (2014). Kurumsal kalite ve ekonomik büyüme: panel nedensellik analizi. Çukurova Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 1881, 89 -100.
  • Bhattacharya, M., Paramati, S.R., Ozturk, I. & Bhattacharya, S. (2016). The Effect of Renewable Energy Consumption on Economic Growth: Evidence From on Top 38 Countries, Applied Energy, 162(2016), 733-741.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification tests in econometrics. Review of Economic Studies, 47(1), 239-253.
  • Bulut, U., & Muratoglu, G. (2018). Renewable Energy İn Turkey: Great Potential, Low But İncreasing Utilization, and An Empirical Analysis On Renewable Energy-Growth Nexus, Energy Policy, 123, 240-250.
  • Çapık, M. Y., & Çavuşoğlu, İ. (2012). Present situation and potential role of renewable energy in Turkey. Renewable Energy, 46, 01-13.
  • Dike, S., & Sam, C. Dike, V. N. (2016) Decoupling Energy Development, Economic Growth and Environmental Sustainability in African States: The Tradeoffs, International conference on Energy, Environment and Economics, 16-18 August 2016: 186–95.
  • Dumitrescu. E. I., & Hurlin. C. (2012). Testing for Granger Non-Causality in Heterogeneous Panels. Economic Modelling, 29 (4), July, 1450-1460.
  • Felix, R. (2020) Renewable Energy Contribution to Economic Growth in OECD Countries. İzmir Sosyal Bilimler Dergisi, 1(2): 86–93.
  • Inglesi-Lotz, R. (2016). The Impact of Renewable Energy Consumption to Economic Growth: A Panel Data Application. Energy Economics, 53, 58-63. Ito, K. (2017). CO2 Emissions, Renewable And Non-Renewable Energy Consumption, And Economic Growth: Evidence From Panel Data For Developing Countries, International Economics, 151, 1-6.
  • Kahia, M., Aïssa, M. S. B., & Lanouar, C. (2017). Renewable And Non-Renewable Energy Use-Economic Growth Nexus: The Case Of MENA Net Oil Importing Countries, Renewable And Sustainable Energy Reviews, 71, 127-140.
  • Korkmaz, Ö., & Develi, A. (2012). Türkiye’de Birincil Enerji Kullanımı, Üretimi ve Gayri Safi Yurtiçi Hasıla (GSYİH) Arasındaki İlişki, Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 27(2), 1-25.
  • Kula, F. (2014). The Long-run Relationship between Renewable Electricity Consumption and GDP: Evidence from Panel Data. Energy Sources, Part B: Economics, Planning, and Policy, 9(2), 156-160.
  • Margues, A. C. & Fuinhas, J. A. (2012). Is renewable energy effective in promoting growth?. Energy Policy, 46, 434-442.
  • Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy Economics, 33, 257-263.
  • Neagu, O., Haiduc, C. and Anghelina, A. (2021) “Does Renewable Energy Matter for Economic Growth in Central and Eastern European Countries? Empirical Evidence from Heterogeneous Panel Cointegration Analysis”, Studia Universitatis, Vasile Goldis, Arad – Economics Series 31(1):34– 59. doi: 10.2478/sues-2021-0003.
  • Ocal, O. & Aslan, A. (2013). Renewable energy consumption–economic growth nexus in Turkey. Renewable and Sustainable Energy Reviews, 28©, 494-499.
  • Özbay, F., & Oğuztürk. B. S. (2020). Panel Veri Modellerinde Sapmalara Karşı Alternatif Yaklaşımlar: Statik ve Dinamik Panel Veri Modelleri Üzerine Bir İnceleme, İktisadi ve İdari Bilimlerde Teori ve Araştırmalar II, 1(6), Gece Kitaplığı: Ankara, 373-392.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels. IZA Discussion Paper, (1240), 1-39.
  • Pesaran, M. H. (2007). A Simple Panel Unit Root Test in the Presence of Cross Section Dependence. Journal of Applied Econometrics, 22, 265–312.
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A Bias-Adjusted LM Test of Error Cross-Section Independence. The Econometrics Journal, 11(1), 105-127.
  • Shahbaz, M., Loganathan, N., Zeshan, M. & Zaman, K. (2015). Does renewable energy consumption add in economic growth?An application of auto-regressive distributed lag modelin Pakistan. Renewable and Sustainable Energy Reviews, 44, 576-585.
  • Qudrat-Ullah, H. & Nevo, C. M. (2021) “The Impact of Renewable Energy Consumption and Environmental Sustainability on Economic Growth in Africa.” Energy Reports 7(June): 3877– 86. doi: 10.1016/j.egyr.2021.05.083.
  • Tuğcu, C. T., Ozturk, I. & Aslan, A. (2012). Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries. Energy Economics, 34, 1942–1950.
  • Yikun, Z., Gul, A., Saleem, S. & Shabbir, M. S. (2021) The Relationship between Renewable Energy Sources and Sustainable Economic Growth: Evidence from SAARC Countries, Environmental Science and Pollution Research 28(1): 1-10.
  • Westerlund. J. (2008). Panel Cointegration Tests of the Fisher Effect. Journal of Applied Economics, 23(2), March, 193-233.
There are 29 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Ömer Emirkadı 0000-0001-5808-249X

Early Pub Date July 4, 2023
Publication Date July 4, 2023
Published in Issue Year 2023 Volume: 6 Issue: 1

Cite

APA Emirkadı, Ö. (2023). OECD ÜLKELERİNDE YENİLENEBİLİR ENERJİ KULLANIMI VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: AMPİRİK BİR DEĞERLENDİRME. Izmir Democracy University Social Sciences Journal, 6(1), 53-66.