THE CAUSALITY RELATIONSHIP BETWEEN RENEWABLE ENERGY CONSUMPTION AND ECONOMIC GROWTH: EVIDENCE FROM TURKEY

Year 2018, Volume: 6 Issue: 1, 1 - 27, 11.04.2018

Burhan Durğun , Funda Durğun

https://doi.org/10.18825/iremjournal.347200

Cited By: 18

Abstract

Oil, natural gas and coal, which are the
primary energy sources in the Middle East - whose majority, in general, are
experiencing political instability, are rapidly depleting. High dependence on
consumable resources indicates that you will face the problem of energy supply
security in the near future. The fact that Turkey, which has a high potential
of renewable energy, will focus its economy on green economy and renewable
resources will have both a risk of energy supply security and a current
deficit. In this study, the causality relationship between per capita gross
domestic product (GDP) and per capita renewable energy consumption (including
hydropower) for the period 1980-2015 was examined by means of time series
analysis. Firstly, ADF and Zivot-Andrews unit root tests were applied to the
series and they were found to contain unit root in level values. The series are
stationary in the first difference. The results of the ARDL bound test showed
that the variables were co-integrated at a level of significance of 5%.  Toda-Yamamoto causality test was applied to
cointegrated series and it was found that unilateral causality relationship
from renewable energy consumption to growth These results show that increases
in renewable energy consumption will provide economic growth.

Keywords

Renewable Energy, ARDL Bound Test, Toda-Yamamoto

YENİLENEBİLİR ENERJİ TÜKETİMİ İLE EKONOMİK BÜYÜME ARASINDA NEDENSELLİK İLİŞKİSİ: TÜRKİYE ÖRNEĞİ

Abstract

Dünya üzerinde çoğunluğu -genelde siyasi istikrarsızlıkların yaşandığı-
Ortadoğu’da bulunan birincil enerji kaynakları olan petrol, doğalgaz ve kömür
hızla tükenmektedir. Tükenebilir kaynaklara olan yüksek bağımlılık yakın
gelecekte enerji arz güvenliği sorunu ile karşı karşıya kalınacağını göstermektedir. Yenilenebilir enerji potansiyeli yüksek olan Türkiye’nin
ekonomisinin yeşil ekonomiye evrilip yenilenebilir kaynaklara ağırlık vermesi
hem enerji arz güvenliği riskini hem de cari açığı azaltıcı etki yapacaktır. Bu
çalışmada 1980-2015 dönemine ait kişi başına gayrisafi yurtiçi hasıla ile kişi
başına yenilenebilir enerji tüketimi (hidroelektrik dahil) arasındaki
nedensellik ilişkisi zaman serisi analiziyle incelenmiştir. Serilere öncelikle
ADF ve Zivot-Andrews birim kök testleri uygulanmış ve düzey değerlerinde birim
kök içerdikleri görülmüştür. 1. farkları alındığında durağan olan serilerin
ARDL sınır testi sonuçları, serilerin %5 anlamlılık düzeyinde eşbütünleşik
olduğunu ortaya koymuştur. Eşbütünleşik serilere Toda-Yamamoto nedensellik
testi uygulanarak yenilenebilir enerji tüketiminden büyümeye doğru tek yönlü
nedensellik olduğu bulunmuştur. Bu sonuç yenilenebilir enerji tüketimindeki
artışların ekonomik büyüme sağlayacağını ortaya koymaktadır. 

Keywords

Yenilenebilir enerji, ARDL sınır testi

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