ELEKTRİK ENERJİSİ ÜRETİM SEKTÖRÜNDE UYGULANAN TEŞVİKLERİN EKONOMİK BÜYÜMEYE ETKİLERİ: TÜRKİYE ÖRNEKLEMİNDE AMPİRİK BİR ANALİZ
Yıl 2023,
Cilt: 10 Sayı: 2, 1295 - 1314, 02.08.2023
Feti Erbaş
,
Yaşar Köse
,
Rıza Bayrak
Öz
Bu çalışmanın amacı, Türkiye’de elektrik enerjisi üretim sektöründe uygulanan yatırım teşviklerinin ekonomik büyümeye etkilerini analiz etmektir. Çalışmada kullanılan veriler 2005-2019 yılları arasındaki 60 çeyrek dönemi kapsamaktadır. Çalışmanın bağımlı değişkeni gayrisafi yurtiçi hâsıla, bağımsız değişkenleri ise istihdam oranı, gayrisafi sabit sermaye Oluşumu ve verilen teşvik miktarıdır. Verilerin analizinde zaman serileri analizi yöntemlerinden FMOLS, DOLS ve CCR uzun dönem tahmincileri kullanılmıştır. Analiz bulguları çerçevesinde; istihdam ve gayrisafi sabit sermaye oluşumunun büyüme üzerindeki etkisi pozitif yönde gözlenirken; teşviklerin ekonomik büyüme üzerindeki etkisinin ise negatif yönde olduğu tespit edilmiştir. Bunula birlikte istihdamın büyüme üzerindeki etkisi, teşviklere göre daha büyüktür. Bu noktada karar vericilere, özel sektör yatırımlarının dışlanmasını önlemek amacıyla, büyümeyi uyaran teşviklerin optimum değerinin tespit edilmesinin uygun olacağı tavsiye edilmiştir.
Kaynakça
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THE EFFECTS OF INCENTIVES APPLIED IN THE ELECTRICITY PRODUCTION SECTOR ON ECONOMIC GROWTH: AN EMPIRİCAL ANALYSIS IN THE SAMPLE OF TURKEY
Yıl 2023,
Cilt: 10 Sayı: 2, 1295 - 1314, 02.08.2023
Feti Erbaş
,
Yaşar Köse
,
Rıza Bayrak
Öz
The purpose of this study is to analyze the effects of investment incentives in the electricity sector on economic growth in Turkey. The data used in the study cover 60 quarters between 2005-2019. The dependent variable of the study is the gross domestic product, and the independent variables are the employment rate, gross fixed capital formation, and incentive amount. FMOLS, DOLS and CCR long-term estimators were used for the analysis of the data. According to the results of the analysis, the effects of employment and gross fixed capital formation on economic growth are observed positively; whereas the effect of incentives on economic growth is negative. The effect of employment on growth seemed to be greater than that of incentives. Therefore, it has been suggested to the policy-makers that it would be appropriate to determine the optimum amount of incentives triggering growth to prevent the crowding out of private-sector investments.
Kaynakça
- Akuru, U. B. ve Okoro, O. I. (2014). Renewable energy investment in Nigeria: A review of the renewable energy master plan. Journal of Energy in Southern Africa, 25(3), 67-73.
- Alanne, K. ve Cao, S. (2017). Zero-energy hydrogen economy (ZEH2E) for buildings and communities including personal mobility. Renewable and Sustainable Energy Reviews, Elsevier, 71(C), 697-711.
- Apak, S., Atay, E. ve Tuncer, G. (2017). Renewable hydrogen energy and energy efficiency in Turkey in the 21st century. International Journal of Hydrogen Energy, 42(4), 2446–2452. doi:10.1016/j.ijhydene.
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- Armey, R. K. (1995). Caveat emptor: the case against the national sales tax. Policy Review, 73, 31-36.
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- Bartik, T. J. (1992). The effects of state and local taxes on economic development: A review of recent research. Economic Development Quarterly, 6(1), 102-110.
- Bayraç, H. N. ve Çildir, M. (2017). AB Yenilenebilir Enerji Politikalarının Ekonomik Büyüme Üzerindeki Etkisi, Uluslararası Yönetim İktisat ve İşletme Dergisi, ICMEB17 Özel Sayısı, 201-212.
- Bean, P., Blazquez, J. ve Nezamuddin, N. (2017). Assessing the cost of renewable energy policy options – A Spanish wind case study. Renewable Energy, 103, 180–186.
- Beck, F. ve Martinot, E. (2004). Renewable Energy Policies and Barriers. Encyclopedia of Energy, 5, 365-383.
- Behrens, P., Rodrigues, J. F. D., Brás, T. ve Silva, C. (2016). Environmental, economic, and social impacts of feed-in tariffs: A Portuguese perspective 2000–2010. Applied Energy, 173, 309–319.
- Bhattacharya, M., Paramati, S. R., Ozturk, I. ve Bhattacharya, S. (2016). The effect of renewable energy consumption on economic growth: Evidence from top 38 countries. Applied Energy, 162, 733–741.
- Bilgili, F. ve 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.
- Bolton, P. ve Dewatripont, M. (2005). Contract theory. ULB Institutional Repository, 2013/9543, ULB-Universite Libre de Bruxelles.
- Bondonio, D. ve Greenbaum, R. T. (2007). Do local tax incentives affect economic growth? What mean impacts miss in the analysis of enterprise zone policies. Regional Science and Urban Economics, 37, 121-136.
- Borello J. A. (1995). Regional development and industrial promotion in Argentina: A review of events and writings. International Journal of Urban and Regional Research, 19(4), 576-592.
- Bowden, N. ve Payne, J. E. (2010). Sectoral analysis of the causal relationship between renewable and non-renewable energy consumption and real output in the US. Energy Sources, Part B: Economics, Planning, and Policy, 5(4), 400–408.
- Bronzini, R. ve de Blasio, G. (2006). Evaluating the Impact of Investment Incentives: The Case of the Italian Law 488/1992. Journal of Urban Economics, 60(2), 327-349.
- Brown, R. L., Durbin, J. ve Evans, J. M. (1975). Techniques for Testing the Constancy of Regression Relationships over Time. Royal Statistical Society, 37(2), 149-192.
- Carley, S. (2009). State renewable energy electricity policies: An empirical evaluation of effectiveness. Energy Policy, 37,3071-3081.
- Carmen, M. P. (2007). The impact of structural funds policy on European regions growth: A theoretical and empirical approach, The European Journal of Comparative Economics, 2, 179-208.
- Cerqua, A. ve Pellegrini, G. (2014). Beyond the SUTVA: How policy evaluations change when we allow for interactions among firms. Sapienza University of Rome, DISS Working Papers No. 2/14
- Chu, H. ve Chang, T. (2012). Nuclear energy consumption, oil consumption and economic growth in G-6 countries: Bootstrap panel causality test. Energy Policy, 48, 762-769. doi:10.1016/j.enpol
- Clements, B. J., Rodríguez, H. ve Schwartz, G. (1998). Economic determinants of government subsidies. International Monetary Fund.
- Cowan, W. N., Chang, T., Inglesi-Lotz, R. ve Gupta, R. (2014). The nexus of electricity consumption, economic growth and CO2 emissions in the BRICS countries. Energy Policy, 66, 359–368. doi:10.1016/j.enpol
- Cucchiella, F., Gastaldi, M. ve Trosini, M. (2017). Investments and cleaner energy production: A portfolio analysis in the Italian electricity market. Journal of Cleaner Production, 142(1), 121-132.
- Çatal, F. (2010). Devlet teşvikleri ve Erzurum’ da tarihsel bir uygulama örneği. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 24(4), 289-296.
- Dağ, M. ve Çelik, M. (2018). Yatırım teşvikleri nedir? Kavram ve kapsamı üzerine bir değerlendirme. Bitlis Eren Üniversitesi Sosyal Bilimler Dergisi, 7(2), 863-875.
- Del Rio, P. ve Burguillo, M. (2008). Assessing the impact of renewable energy deployment on local sustainability: Towards a theoretical framework. Renewable and Sustainable Energy Reviews, 12(5), 1325–1344.
- Duran, M. S. (2003). Teşvik politikaları ve doğrudan sermaye yatırımları. Hazine Müsteşarlığı Ekonomik Araştırmalar Genel Müdürlüğü. Ankara.
- Ecer, F. (2021). A consolidated MCDM framework for performance assessment of battery electric vehicles based on ranking strategies. Renewable and Sustainable Energy Reviews, 143, 110916. doi:10.1016/j.rser
- Eid, C., Codani, P., Perez, Y., Reneses, J. ve Hakvoort, R. (2016). Managing electric flexibility from distributed energy resources: A review of incentives for market design. Renewable and Sustainable Energy Reviews, 64, 237–247.
- Enders, W. (1995). Applied Econometric Time Series:Wiley Series in Probability and Mathemathical Statistics, New York: John Wiley Inc.
- EPDK. (2021). Electricity generation capacity projections. Erişim adresi https://www.epdk.gov.tr/Detay/Icerik/3-0-66/elektrikuretim-kapasite-projeksiyonlari#
- Falconett, I. ve Nagasaka, K. (2010). Comparative analysis of support mechanisms for renewable energy technologies using probability distributions. Renewable Energy, 35(6), 1135-1144.
- Fisher, P. S. ve Peters, A. H. (1997). Tax and spending incentives and enterprise zones, New England Economic Review, 109-130.
- Ganoulis, I. ve Martin, R. (2001). State aid control in the European Union: Rationale, stylised facts and determining factors. Intereconomics: Review of European Economic Policy, 36(6), 289-297.
- Getzner, M. (2007). Empirical tests of the political economy of regional state aid. International Journal of Applied Economics, 4(2), 33-45.
- Gonzalo, J. (1994). Five Alternative Methods Of Estimating Long-Run Equilibrium Relationship, Journal of Econometrics, 60, 203-233.
- Goss, E. P. ve Phillips, J. M. (1999). Do business tax incentives contribute to a divergence in economic growth. Economic Development Quarterly, 13(3), 217-228.
- Greene, W. H. (1997). Ekonometric Analysis, New Jersey: Prentice-Hall.
- Gujarati, D. N. (1999). Temel Ekonometri, (Çevirenler: Ümit Şenesen, Gülay Günlük Şenesen), İstanbul: Literatür Yayıncılık.
- Gujarati, D. N. ve Porter, D. (2009). Basic Econometrics, Mc Graw-Hill International Edition.
- Haas, R., Panzer, C., Resch, G., Ragwitz, M., Reece, G. ve Held, A. (2011). A historical review of promotion strategies for electricity from renewable energy sources in EU countries. Renewable and Sustainable Energy Reviews, 15(2), 1003–1034.
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