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ENERJİ İTHALATÇISI YÜKSELEN EKONOMİLERDE YENİLENEBİLİR ENERJİ KULLANIMI VE EKEONMİK BÜYÜME ARASINDAKİ İLİŞKİ

Year 2022, , 818 - 836, 27.12.2022
https://doi.org/10.17065/huniibf.1064742

Abstract

Öz
Bu çalışma, 1990-2018 döneminde 16 enerji ithal eden ülke için yenilenebilir enerji kullanımı ile ekonomik büyüme arasındaki ilişkiyi incelemektedir. Bu ekonomiler son 29 yılda yenilenebilir enerji kullanımlarını %556,21, toplam GSYH'lerini %466,19 ve toplam enerji ithalatlarını %388,96 artırarak dikkatleri üzerine çekmiştir. Bu nedenle bu çalışmada enerji ithal eden 16 ülke için yıllık reel GSYİH, reel brüt sermaye, işgücü ve yenilenebilir enerji kullanımı verileri kullanılarak uzun vadeli ilişki araştırılmaktadır. Serilerin durağanlığını belirlemek için öncelikle birim kök testleri kullanılmaktadır. Daha sonra eşbütünleşme ilişkisi heterojen panel eşbütünleşme testi ile test edilmiş ve eşbütünleşme ilişkisi bulunmuştur. Çalışma, incelenen tüm değişkenlerin pozitif ve istatistiksel olarak anlamlı katsayılara sahip olduğunu bulmuştur. Ayrıca çalışmada kullanılan hata düzeltme modeli hem kısa hem de uzun dönemde ekonomik büyümeden yenilenebilir enerji kullanımına doğru tek yönlü bir nedensellik olduğunu göstermiştir. Bu, ekonomik büyüme ve yenilenebilir enerji kullanımının birbirine bağlı olduğunu öne süren koruma hipotezini desteklemektedir. Dolayısıyla çalışmanın sonuçları, bu ülkelerde enerji kullanımını azaltmaya yönelik herhangi bir politikanın ekonomik büyümeye zarar vermeyeceğini göstermektedir.

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THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES

Year 2022, , 818 - 836, 27.12.2022
https://doi.org/10.17065/huniibf.1064742

Abstract

This study examines the relationship between renewable energy use and economic growth for 16 energy-importing countries for the period 1990-2018. These economies have attracted attention in the last 29 years by increasing their use of renewable energy by 556.21%, their total GDP by 466.19% and their total energy imports by 388.96%. Therefore, in this study, the long-term relationship is investigated by using annual data of real GDP, real gross capital, labor, and renewable energy use for 16 energy-importing countries. Firstly, unit root tests are used to determine the stationarity of the series. Then, the cointegration relationship was tested with a heterogeneous panel cointegration test and the cointegration relationship was found. The study found that all of the variables examined had positive and statistically significant coefficients. Additionally, the error correction model used in the study indicated that there is unidirectional causality from economic growth to renewable energy use in both the short and long term. This supports the conservation hypothesis, which suggests that economic growth and renewable energy use are interdependent. Therefore, the study's results suggest that any policies aimed at reducing energy use in these countries will not harm economic growth.

References

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  • Akal, M. (2015). A VARX Modelling of Energy Intensity Interactions Between China, the United States, Japan and EU. OPEC Energy Review, 39(1), 103-124. https://doi.org/10.1111/opec.12044
  • Akal, M. (2016a). Modeling of energy intensity in Turkey. Energy Sources, Part B: Economics, Planning and Policy, 11(9), 807-814. https://doi.org/10.1080/15567249.2013.802829
  • Akal, M. (2016b). Modeling world energy use efficiency, price, and GDP. Energy Sources, Part B: Economics, Planning, and Policy, 11(10), 911-919. https://doi.org/10.1080/15567249.2012.741185
  • Akdag, S., & Yıldırım, H. (2020). Toward a sustainable mitigation approach of energy efficiency to greenhouse gas emissions in the European countries. Heliyon, 6(3), e03396. https://doi.org/10.1016/j.heliyon.2020.e03396
  • Alola, A. A., Alola, U. V., Akdag, S., & Yildirim, H. (2022). The role of economic freedom and clean energy in environmental sustainability: implication for the G-20 economies. Environmental Science and Pollution Research, 29(24), 36608-36615. https://doi.org/10.1007/s11356-022-18666-5
  • Alola, A. A., & Yildirim, H. (2019). The renewable energy consumption by sectors and household income growth in the United States. International Journal of Green Energy, 16(15), 1414-1421. https://doi.org/10.1080/15435075.2019.1671414
  • Alper, A., & Oguz, O. (2016). The role of renewable energy consumption in economic growth: Evidence from asymmetric causality. Renewable and Sustainable Energy Reviews, 60, 953-959. https://doi.org/10.1016/j.rser.2016.01.123
  • Apergis, N., & Payne, J. E. (2012). Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model. Energy Economics, 34(3), 733-738. https://doi.org/10.1016/j.eneco.2011.04.007
  • Apergis, N., & Payne, J. E. (2009). Energy consumption and economic growth in Central America: evidence from a panel cointegration and error correction model. Energy Economics, 31(2), 211-216. https://doi.org/10.1016/j.eneco.2008.09.002
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  • Bai, J., & Ng, S. (2010). Panel unit root tests with cross-section dependence: a further investigation. Econometric Theory, 26(4), 1088-1114. https://doi.org/10.1017/S0266466609990478
  • Behboodi, S., Chassin, D. P., Crawford, C., & Djilali, N. (2016). Renewable resources portfolio optimization in the presence of demand response. Applied Energy, 162, 139-148. https://doi.org/10.1016/j.apenergy.2015.10.074
  • Bhattacharya, M., Paramati, S. R., Ozturk, I., & Bhattacharya, S. (2016). The effect of renewable energy consumption on economic growth: Evidence from top 38 countries. Applied Energy, 162, 733-741. https://doi.org/10.1016/j.apenergy.2015.10.104
  • Bilgili, F., & Ozturk, I. (2015). Biomass energy and economic growth nexus in G7 countries: Evidence from dynamic panel data. Renewable and Sustainable Energy Reviews, 49, 132-138. https://doi.org/10.1016/j.rser.2015.04.098
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The review of economic studies, 47(1), 239-253. https://doi.org/10.2307/2297111
  • Bulavskaya, T., & Reynès, F. (2018). Job creation and economic impact of renewable energy in the Netherlands. Renewable Energy, 119, 528-538. https://doi.org/10.1016/j.renene.2017.09.039
  • Bulut, U., & Muratoglu, G. (2018). Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus. Energy policy, 123, 240-250. https://doi.org/10.1016/j.enpol.2018.08.057
  • Caraiani, C., Lungu, C. I., & Dascălu, C. (2015). Energy consumption and GDP causality: A three-step analysis for emerging European countries. Renewable and Sustainable Energy Reviews, 44, 198-210. https://doi.org/10.1016/j.rser.2014.12.017
  • Chang, J., Leung, D. Y., Wu, C. Z., & Yuan, Z. H. (2003). A review on the energy production, consumption, and prospect of renewable energy in China. Renewable and Sustainable Energy Reviews, 7(5), 453-468. https://doi.org/10.1016/S1364-0321(03)00065-0
  • Chang, T., Gupta, R., Inglesi-Lotz, R., Simo-Kengne, B., Smithers, D., & Trembling, A. (2015). Renewable energy and growth: Evidence from heterogeneous panel of G7 countries using Granger causality. Renewable and Sustainable Energy Reviews, 52, 1405-1412. https://doi.org/10.1016/j.rser.2015.08.022
  • Chatzizacharia, K., Benekis, V., & Hatziavramidis, D. (2016). A blueprint for an energy policy in Greece with considerations of climate change. Applied Energy, 162, 382-389. https://doi.org/10.1016/j.apenergy.2015.10.087
  • Chen, C., Pinar, M., & Stengos, T. (2020). Renewable energy consumption and economic growth nexus: Evidence from a threshold model. Energy Policy, 139, 111295. https://doi.org/10.1016/j.enpol.2020.111295
  • Chen, Y. E., Fu, Q., Zhao, X., Yuan, X., & Chang, C. P. (2019). International sanctions’ impact on energy efficiency in target states. Economic Modelling, 82, 21-34. https://doi.org/10.1016/j.econmod.2019.07.022
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  • IEA. (2021). Data and Statistics. Internatıonal Energy Agency. Retrieved 15 July 2021 from https://www.iea.org/
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of econometrics, 115(1), 53-74. https://doi.org/10.1016/S0304-4076(03)00092-7
  • IMF. (2015). World Economic Outlook. International Monetary Fund. Retrieved 15 July 2021 from https://www.İmf.Org/External/Pubs/Ft/Weo/2015/02/Pdf/Text.Pdf
  • Inglesi-Lotz, R. (2016). The impact of renewable energy consumption to economic growth: A panel data application. Energy economics, 53, 58-63. https://doi.org/10.1016/j.eneco.2015.01.003
  • Joyeux, R., & Ripple, R. D. (2011). Energy consumption and real income: A panel cointegration multi-country study. The Energy Journal, 32(2). https://doi.org/10.5547/ISSN0195-6574-EJ-Vol32-No2-5
  • Lee, C. C., & Chang, C. P. (2008). Energy consumption and economic growth in Asian economies: a more comprehensive analysis using panel data. Resource and energy Economics, 30(1), 50-65. https://doi.org/10.1016/j.reseneeco.2007.03.003
  • Levin, A., Lin, C. F., & Chu, C. S. J. (2002). Unit root tests in panel data: asymptotic and finite-sample properties. Journal of econometrics, 108(1), 1-24. https://doi.org/10.1016/S0304-4076(01)00098-7
  • Lin, B., & Moubarak, M. (2014). Renewable energy consumption–economic growth nexus for China. Renewable and Sustainable Energy Reviews, 40, 111-117. https://doi.org/10.1016/j.rser.2014.07.128
  • Maddala, G. S., & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and statistics, 61(S1), 631-652. https://doi.org/10.1111/1468-0084.0610s1631
  • Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy economics, 33(2), 257-263. https://doi.org/10.1016/j.eneco.2010.10.004
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There are 61 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Mustafa Naimoğlu 0000-0001-9684-159X

Publication Date December 27, 2022
Submission Date January 28, 2022
Published in Issue Year 2022

Cite

APA Naimoğlu, M. (2022). THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 40(4), 818-836. https://doi.org/10.17065/huniibf.1064742
AMA Naimoğlu M. THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. December 2022;40(4):818-836. doi:10.17065/huniibf.1064742
Chicago Naimoğlu, Mustafa. “THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 40, no. 4 (December 2022): 818-36. https://doi.org/10.17065/huniibf.1064742.
EndNote Naimoğlu M (December 1, 2022) THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 40 4 818–836.
IEEE M. Naimoğlu, “THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 40, no. 4, pp. 818–836, 2022, doi: 10.17065/huniibf.1064742.
ISNAD Naimoğlu, Mustafa. “THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 40/4 (December 2022), 818-836. https://doi.org/10.17065/huniibf.1064742.
JAMA Naimoğlu M. THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2022;40:818–836.
MLA Naimoğlu, Mustafa. “THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 40, no. 4, 2022, pp. 818-36, doi:10.17065/huniibf.1064742.
Vancouver Naimoğlu M. THE RELATIONSHIP BETWEEN RENEWABLE ENERGY USE AND ECONOMIC GROWTH FOR ENERGY IMPORTING EMERGING ECONOMIES. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2022;40(4):818-36.

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