@article{article_638798, title={OIL PRICES AND RENEWABLE ENERGY: OIL DEPENDENT COUNTRIES}, journal={Journal of Research in Economics}, volume={3}, pages={139–152}, year={2019}, author={Deniz, Pınar}, keywords={Renewable Energy,Oil Price,OPEC}, abstract={<p> <span style="font-size: 11px;">Volatility in oil prices is argued to be one of the reasons of the rising attractiveness of renewable energy  </span> <span style="font-size: 11px;">as a way to lower oil dependence, which creates vulnerability to oil price shocks. However, the scenario  </span> <span style="font-size: 11px;">can be different for oil importing and oil exporting economies. This study investigates the impact  </span> <span style="font-size: 11px;">of oil price on renewable energy taking into account of the distinction between oil exporters and oil  </span> <span style="font-size: 11px;">importers. For a group of major oil exporters and a group of major importers, the relationship between  </span> <span style="font-size: 11px;">oil price volatility and renewable energy, is examined using different methodologies. The results reflect  </span> <span style="font-size: 11px;">distinct results for oil exporters and oil importers due to their diverse motivations. </span> </p>}, number={2}, publisher={Marmara University}