The Relationship Between Biomass Energy Consumption and Economic Growth in D-8 Countries

Year 2018, Volume: 6 Issue: 3, 371 - 377, 11.04.2018

Fatma Fehime Aydın

https://doi.org/10.18506/anemon.373532

Cited By: 5

Abstract

In the
study, in the period of 1980-2013, the relationship between biomass energy
consumption and economic growth in D-8 countries (Developing Eight Countries)
is discussed. Panel unit root, cointegration and causality tests are used to
analyze whether there is a long-term relationship between the series. As a
result of these analyzes, it seems that there is a long-term relationship
between the variables. The cointegrated series are then estimated by OLS, DOLS
and FMOLS estimators and then impulse-response analysis is performed. According
to the obtained analysis results, a one-way causality relationship occurs from
biomass energy consumption to economic growth. In addition, there is a
long-term positive and statistically significant relationship between biomass
energy consumption and economic growth. In this context, it is seen that
governments' investment and projects towards biomass energy use will affect
economic growth positively.   

Keywords

Biomass, Economic Growth, Panel Data Analyses

D-8 Ülkelerinde Biyokütle Enerjisi Tüketimi ile Ekonomik Büyüme Arasındaki İlişki

Abstract

Çalışmada,
1980-2013 yılları arasında D-8 ülkeleri (Gelişen Sekiz Ülke) için biyokütle
enerji tüketimi ile ekonomik büyüme arasındaki ilişki ele alınmaktadır. Seriler
arasında uzun dönem ilişkisi olup olmadığını analiz etmek için panel birim kök,
eşbütünleşme ve nedensellik testleri kullanılmaktadır. Bu analizlerin sonucunda
değişkenler arasında uzun dönemli bir ilişkinin olduğu görülmektedir. Ardından
eşbütünleşik seriler OLS, DOLS ve FMOLS tahmincileri ile tahmin edilmekte ve
daha sonra etki-tepki analizi yapılmaktadır. Elde edilen analiz sonuçlarına
göre,  biyokütle enerji tüketiminden
ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi ortaya çıkmaktadır.
Ayrıca, biyokütle enerji tüketimi ile ekonomik büyüme arasında uzun dönemde
pozitif ve istatistiksel olarak anlamlı bir ilişki bulunmaktadır. Bu bağlamda,
hükümetlerin biyokütle enerji kullanımına dönük yapılacak yatırım ve
projelerinin ekonomik büyümeyi olumlu yönde etkileyeceği görülmektedir.

Keywords

Biyokütle, Ekonomik Büyüme, Panel Veri Analizi

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