Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2020, Cilt: 4 Sayı: 3, 554 - 567, 20.09.2020
https://doi.org/10.25295/fsecon.761992

Öz

Kaynakça

  • Alper, F. Ö. (2018). Yenilenebilir enerji ve ekonomik büyüme arasındaki ilişki: 1990-2017 Türkiye örneği, [The relationship between renewable energy and economic growth: 1990-2017 the case of Turkey], Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(2): 223-242.
  • Atems, B. and Hotaling, C. (2018). The effect of renewable and non-renewable electricity generation on economic growth, Energy Policy, 112:111–118.
  • Bayraktutan, Y., Yılgör, M. and Uçak, S. (2011). Renewable electricity generation and economic growth: Panel-data analysis for OECD members, International Research Journal of Finance and Economics, 66: 59-66.
  • Bekhet, H.A. and Harun, N.H. (2017). Elasticity and causality among electricity generation from renewable energy and its determinants in Malaysia, International Journal of Energy Economics and Policy, 7(2): 202-216.
  • Ben-Salha, O., Hkiri, B. and Aloui, C. (2018). Sectoral energy consumption by source and output in the U.S.: New evidence from wavelet-based approach, Energy Economics, 72: 75-96. https://doi.org/10.1016/j.eneco.2018.03.029
  • Bento, J.P.C. and Moutinho, V. (2016). CO2 emissions, non-renewable and renewable electricity production, economic growth, and international trade in Italy, Renewable and Sustainable Energy Reviews, 55: 142–155.
  • Bloch, H., Rafiq, S. and Salim, R. (2015). Economic growth with coal, oil and renewable energy consumption in China: prospects for fuel substitution, Economic Modelling, 44: 104–115.
  • BP (2020) Statistical Review of World Energy. http://www.bp.com/statisticalreview (Accessed Date: June 20, 2020)
  • Bulut, U. and Muratoğlu, G. (2018) ‘Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus’, Energy Policy, Vol. 123, pp. 240-250.
  • Doğan, E. (2015) ‘The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey’, Renewable and Sustainable Energy Reviews, Vol. 52 (Supplement C), pp. 534-546.
  • Doğan, E. (2016) ‘Analysing the linkage between renewable and non-renewable energy consumption and economic growth by considering structural break in time-series data’ Renewable Energy, Vol. 99, pp. 1126-1136.
  • Durğun, B. and Durğun, F. (2018) ‘Yenilenebilir enerji tüketimi ile ekonomik büyüme arasındaki nedensellik ilişkisi: Türkiye örneği’, [The causality relationship between renewable energy consumption and economic growth: evidence from Turkey], International Review of Economics and Management, Vol. 6, No. 1, pp.1-27.
  • Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews, Vol. 15, No. 9, pp.5120-5128.
  • Furuoka, F. (2017) ‘Renewable electricity consumption and economic development: new findings from the Baltic countries’, Renewable and Sustainable Energy Reviews, Vol. 71, pp. 450–463. https://doi.org/10.1016/j.rser.2016.12.074
  • Kahia, M., Aïssa, M.S.B. and 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, Vol. 71, pp.127–140. https://doi.org/10.1016/j.rser.2017.01.010
  • Khobai H. (2018) ‘The causal linkages between renewable electricity generation and economic growth in South Africa’, MPRA Paper, No: 86485. https://mpra.ub.uni-muenchen.de/86485/
  • Koç, Ü. (2020). Sektörel Enerji Tüketimi ve Ekonomik Büyüme, Üçüncü Sektör Sosyal Ekonomi Dergisi, (Sectoral Energy Consumption and Economic Growth, Third Sector Social Economic Review), 55(1): 508-521. doi: 10.15659/3.sektor-sosyal-ekonomi.20.03.1289
  • Kraft, J. and Kraft, A. (1978) ‘On the Relationship Between Energy and GNP’, Journal of Energy Development, Vol. 3, pp. 401-403. Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis’, Energy Economics, Vol. 33, No. 2, pp. 257-263.
  • Narayan S. and Narayan, P.K. (2004). Determinants of demand of Fiji’s exports: An empirical investigation. The Developing Economics, 17(1): 95-112.
  • Narayan, P.K. (2005), “The Saving and Investment nexus for China: Evidence from Cointegration Tests”. Applied Economics, 37, 1979-1990.
  • OECD. (2017). Green Growth Studies: Green Growth Indicators 2017. Paris: OECD Publishing.
  • Ohler, A. and Fetters, I. (2014) ‘The causal relationship between renewable electricity generation and GDP growth: A study of energy sources’, Energy Economics, Vol. 43, pp.125–139.
  • Omri, A. (2014). An international literature survey on energy-economic growth nexus: Evidence from country-specific studies’, Renewable and Sustainable Energy Reviews, Vol. 38, pp. 951-959.
  • Oyeleke O. J. and Akinlo, T. (2019) ‘Energy generation and economic growth: empirical evidence from Nigeria’, Environment, Development and Sustainability, https://doi.org/10.1007/s10668-019-00476-4
  • Öztürk, İ. (2010). A literature survey on energy-growth nexus’, Energy Policy, Vol. 38, pp. 340-349.
  • Payne, J. E. (2010) ‘Survey of the Electricity Consumption-Growth Literature’, Applied Energy, Vol. 87, No. 3, pp. 723-731.
  • Pesaran M.H., and Pesaran, B. (1997), Working with Microfit 4.0: Interactive Econometric Analysis. Oxford: Oxford University Press.
  • Pesaran, M. H., Shin, Y. and Smith, R. J. (2001), “Bounds Testing Approaches To The Analysis Of Level Relationships”. Journal of Applied Econometrics, 16(3), 289-326.
  • Pesaran, M.H. and Shin, Y. (1999), An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. In Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, Strom, S. (ed.) Cambridge University Press.
  • Shahbaz, M., Loganathan, N., Zeshan, M. and Zaman, K. (2015) ‘Does Renewable Energy Consumption add in Economic Growth? An application of Auto-Regressive Distributed Lag Model in Pakistan’, Renewable and Sustainable Energy Reviews, Vol. 44, pp.576-585.
  • Stern, D. I. (2004). ‘Economic growth and energy’. In C. J. Cleveland, Encyclopedia of Energy (pp. 35-51), Vol. 2, Elsevier Inc.
  • Tuğcu, C. T., Öztürk, İ. and Aslan, A. (2012) ‘renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries’, Energy Economics, Vol. 34, No. 6, pp. 1942-1950.
  • Twari, A. K., Apergis, N. and Olayeni, O. R. (2015). Renewable and nonrenewable energy production and economic growth in sub-Saharan Africa: a hidden cointegration analysis, Applied Economics, 47(9): 861-882. DOI: 10.1080/00036846.2014.982855.
  • World Bank. (2012). Inclusive Green Growth: The Pathway to Sustainable Development. Washington: World Bank.
  • Yıldırım, E., Saraç, Ş. and Aslan, A. (2012) ‘Energy consumption and economic growth in the USA: Evidence from renewable energy’, Renewable and Sustainable Energy Reviews, Vol. 16, No. 9, pp. 6770-6774.

The Role of Renewable Energy Generation in Sustainable Economic Growth: The Case of Turkey

Yıl 2020, Cilt: 4 Sayı: 3, 554 - 567, 20.09.2020
https://doi.org/10.25295/fsecon.761992

Öz

Energy is a crucial factor in both the production and consumption process. It is a critical component not only for economic growth but also for social, technological, and environmental issues. With the events and facts in these areas in the last fifty years, the importance of the energy factor has more increased, and the search for alternative energy sources has accelerated. Thus, renewable energy sources have started more preferred by considering sustainable growth goals. This study aims to investigate the role of renewable energy generation on economic growth for the period of 1990-2017. In the study conducted using the Autoregressive Distributed Lag (ARDL) method, gross domestic product, capital stock, employment, and renewable energy generation data of Turkey were employed. According to the findings, increases in capital stock, employment, and renewable energy production affect economic growth positively.

Kaynakça

  • Alper, F. Ö. (2018). Yenilenebilir enerji ve ekonomik büyüme arasındaki ilişki: 1990-2017 Türkiye örneği, [The relationship between renewable energy and economic growth: 1990-2017 the case of Turkey], Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(2): 223-242.
  • Atems, B. and Hotaling, C. (2018). The effect of renewable and non-renewable electricity generation on economic growth, Energy Policy, 112:111–118.
  • Bayraktutan, Y., Yılgör, M. and Uçak, S. (2011). Renewable electricity generation and economic growth: Panel-data analysis for OECD members, International Research Journal of Finance and Economics, 66: 59-66.
  • Bekhet, H.A. and Harun, N.H. (2017). Elasticity and causality among electricity generation from renewable energy and its determinants in Malaysia, International Journal of Energy Economics and Policy, 7(2): 202-216.
  • Ben-Salha, O., Hkiri, B. and Aloui, C. (2018). Sectoral energy consumption by source and output in the U.S.: New evidence from wavelet-based approach, Energy Economics, 72: 75-96. https://doi.org/10.1016/j.eneco.2018.03.029
  • Bento, J.P.C. and Moutinho, V. (2016). CO2 emissions, non-renewable and renewable electricity production, economic growth, and international trade in Italy, Renewable and Sustainable Energy Reviews, 55: 142–155.
  • Bloch, H., Rafiq, S. and Salim, R. (2015). Economic growth with coal, oil and renewable energy consumption in China: prospects for fuel substitution, Economic Modelling, 44: 104–115.
  • BP (2020) Statistical Review of World Energy. http://www.bp.com/statisticalreview (Accessed Date: June 20, 2020)
  • Bulut, U. and Muratoğlu, G. (2018) ‘Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus’, Energy Policy, Vol. 123, pp. 240-250.
  • Doğan, E. (2015) ‘The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey’, Renewable and Sustainable Energy Reviews, Vol. 52 (Supplement C), pp. 534-546.
  • Doğan, E. (2016) ‘Analysing the linkage between renewable and non-renewable energy consumption and economic growth by considering structural break in time-series data’ Renewable Energy, Vol. 99, pp. 1126-1136.
  • Durğun, B. and Durğun, F. (2018) ‘Yenilenebilir enerji tüketimi ile ekonomik büyüme arasındaki nedensellik ilişkisi: Türkiye örneği’, [The causality relationship between renewable energy consumption and economic growth: evidence from Turkey], International Review of Economics and Management, Vol. 6, No. 1, pp.1-27.
  • Fang, Y. (2011) ‘Economic welfare impacts from renewable energy consumption: The China experience’, Renewable and Sustainable Energy Reviews, Vol. 15, No. 9, pp.5120-5128.
  • Furuoka, F. (2017) ‘Renewable electricity consumption and economic development: new findings from the Baltic countries’, Renewable and Sustainable Energy Reviews, Vol. 71, pp. 450–463. https://doi.org/10.1016/j.rser.2016.12.074
  • Kahia, M., Aïssa, M.S.B. and 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, Vol. 71, pp.127–140. https://doi.org/10.1016/j.rser.2017.01.010
  • Khobai H. (2018) ‘The causal linkages between renewable electricity generation and economic growth in South Africa’, MPRA Paper, No: 86485. https://mpra.ub.uni-muenchen.de/86485/
  • Koç, Ü. (2020). Sektörel Enerji Tüketimi ve Ekonomik Büyüme, Üçüncü Sektör Sosyal Ekonomi Dergisi, (Sectoral Energy Consumption and Economic Growth, Third Sector Social Economic Review), 55(1): 508-521. doi: 10.15659/3.sektor-sosyal-ekonomi.20.03.1289
  • Kraft, J. and Kraft, A. (1978) ‘On the Relationship Between Energy and GNP’, Journal of Energy Development, Vol. 3, pp. 401-403. Menegaki, A. N. (2011) ‘Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis’, Energy Economics, Vol. 33, No. 2, pp. 257-263.
  • Narayan S. and Narayan, P.K. (2004). Determinants of demand of Fiji’s exports: An empirical investigation. The Developing Economics, 17(1): 95-112.
  • Narayan, P.K. (2005), “The Saving and Investment nexus for China: Evidence from Cointegration Tests”. Applied Economics, 37, 1979-1990.
  • OECD. (2017). Green Growth Studies: Green Growth Indicators 2017. Paris: OECD Publishing.
  • Ohler, A. and Fetters, I. (2014) ‘The causal relationship between renewable electricity generation and GDP growth: A study of energy sources’, Energy Economics, Vol. 43, pp.125–139.
  • Omri, A. (2014). An international literature survey on energy-economic growth nexus: Evidence from country-specific studies’, Renewable and Sustainable Energy Reviews, Vol. 38, pp. 951-959.
  • Oyeleke O. J. and Akinlo, T. (2019) ‘Energy generation and economic growth: empirical evidence from Nigeria’, Environment, Development and Sustainability, https://doi.org/10.1007/s10668-019-00476-4
  • Öztürk, İ. (2010). A literature survey on energy-growth nexus’, Energy Policy, Vol. 38, pp. 340-349.
  • Payne, J. E. (2010) ‘Survey of the Electricity Consumption-Growth Literature’, Applied Energy, Vol. 87, No. 3, pp. 723-731.
  • Pesaran M.H., and Pesaran, B. (1997), Working with Microfit 4.0: Interactive Econometric Analysis. Oxford: Oxford University Press.
  • Pesaran, M. H., Shin, Y. and Smith, R. J. (2001), “Bounds Testing Approaches To The Analysis Of Level Relationships”. Journal of Applied Econometrics, 16(3), 289-326.
  • Pesaran, M.H. and Shin, Y. (1999), An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. In Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium, Strom, S. (ed.) Cambridge University Press.
  • Shahbaz, M., Loganathan, N., Zeshan, M. and Zaman, K. (2015) ‘Does Renewable Energy Consumption add in Economic Growth? An application of Auto-Regressive Distributed Lag Model in Pakistan’, Renewable and Sustainable Energy Reviews, Vol. 44, pp.576-585.
  • Stern, D. I. (2004). ‘Economic growth and energy’. In C. J. Cleveland, Encyclopedia of Energy (pp. 35-51), Vol. 2, Elsevier Inc.
  • Tuğcu, C. T., Öztürk, İ. and Aslan, A. (2012) ‘renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries’, Energy Economics, Vol. 34, No. 6, pp. 1942-1950.
  • Twari, A. K., Apergis, N. and Olayeni, O. R. (2015). Renewable and nonrenewable energy production and economic growth in sub-Saharan Africa: a hidden cointegration analysis, Applied Economics, 47(9): 861-882. DOI: 10.1080/00036846.2014.982855.
  • World Bank. (2012). Inclusive Green Growth: The Pathway to Sustainable Development. Washington: World Bank.
  • Yıldırım, E., Saraç, Ş. and Aslan, A. (2012) ‘Energy consumption and economic growth in the USA: Evidence from renewable energy’, Renewable and Sustainable Energy Reviews, Vol. 16, No. 9, pp. 6770-6774.
Toplam 35 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Ramazan Özbek Bu kişi benim 0000-0003-0656-4520

Şükrü Apaydın 0000-0003-4640-8135

Yayımlanma Tarihi 20 Eylül 2020
Yayımlandığı Sayı Yıl 2020 Cilt: 4 Sayı: 3

Kaynak Göster

APA Özbek, R., & Apaydın, Ş. (2020). The Role of Renewable Energy Generation in Sustainable Economic Growth: The Case of Turkey. Fiscaoeconomia, 4(3), 554-567. https://doi.org/10.25295/fsecon.761992

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