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Ar-Ge ve İnovasyonun Yenilenebilir Enerji Üretimi Üzerindeki Etkisi: Panel Veri Analizi

Year 2021, Volume: 5 Issue: 2, 1087 - 1105, 31.05.2021
https://doi.org/10.29023/alanyaakademik.867232

Abstract

Küresel iklim değişimi ve sera gazı salınımları gibi çevre üzerinde derin tahribata yol açan etkenlerin olumsuz etkilerinin azaltılabilmesi için güneş, rüzgâr, jeotermal, hidroelektrik, biyokütle gibi yenilenebilir enerji kaynaklarının üretiminin artırılması ve kullanım alanlarının yaygınlaştırılması gerekmektedir. Bu süreçte Ar-Ge faaliyetleri ile inovasyon çabaları; üretim ve sermaye maliyetlerini düşürerek, teknolojik bilgi gelişimini sağlayarak, verimliliği ve performansı artırarak yenilenebilir enerji üretimine önemli katkılar vermektedir. Bu çalışma, seçilmiş ülkelerde, 2003-2019 dönemi kapsamında enerji Ar-Ge harcamalarının ve inovasyonun yenilenebilir enerji üretimi üzerindeki etkilerine yönelik ampirik kanıtlar ortaya koymaktadır. Yenilenebilir enerji üretimi ile inovasyon ve enerji Ar-Ge harcamaları ilişkisini araştırırken bu çalışmada panel veri yöntemleri (Panel ARDL ve Emirmahmutoğlu ve Köse, 2011 nedensellik testi) kullanılmaktadır. Panel ARDL yönteminden elde edilen ampirik bulgular, uzun dönemde Ar-Ge ve demonstrasyon harcamaları ile inovasyonun göstergesi olan patent başvuru sayısında meydana gelecek %1’lik bir artışın yenilenebilir enerji üretimini sırasıyla %0.23 ve %0.42 oranlarında artıracağını göstermiştir. Emirmahmutoğlu ve Köse (2011) nedensellik testine göre, enerji Ar-Ge harcamalarından yenilenebilir enerji üretimine doğru nedenselliğin olduğu ülkeler; Avusturalya, Fransa, Macaristan, Japonya, Güney Kore, Norveç, Portekiz, İspanya ve ABD iken, patent başvurularından yenilenebilir enerji üretimine doğru nedenselliğin olduğu ülkeler ise Avusturya, Finlandiya, Fransa, Almanya, İrlanda, Hollanda, Norveç, Slovakya, İsveç ve İsviçre’dir.

References

  • ADEDOYIN, F. F., BEKUN, F. V., & ALOLA, A. A. (2020). “Growth Impact of Transition from non-Renewable to Renewable Energy in the EU: the Role of Research And Development Expenditure”. Renewable Energy, 159, 1139-1145.
  • AGUIRRE, M., & IBIKUNLE, G. (2014). “Determinants of Renewable Energy Growth: A Global Sample Analysis”. Energy Policy, 69, 374-384.
  • AYARI, N., BLAZSEK, S., & MENDI, P. (2011). “Renewable Energy Innovations in Europe: A Dynamic Panel Data Approach”. Applied Economics, 44(24), 3135-3147.
  • BAMATI, N., & RAOOFI, A. (2020). “Development Level and the Impact of Technological Factor on Renewable Energy Production”. Renewable Energy, 151, 946-955.
  • BAYER, P., DOLAN, L., & URPELAINEN, J. (2013). “Global Patterns of Renewable Energy Innovation, 1990–2009”. Energy for Sustainable Development, 17(3), 288-295.
  • BOINTNER, R. (2014). “Innovation in the Energy Sector: Lessons Learnt from R&D Expenditures and Patents in Selected IEA Countries”. Energy Policy, 73, 733-747.
  • BP (2020), “Statistical Review of World Energy June 2020”, https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html, 25.12.2020.
  • COSTELLO, K. (2016). “A Primer on R&D in the Energy Utility Sector”. Energy and Environment National Regulatory Research Institute, Report No. 16-05.
  • EMİRMAHMUTOĞLU, F., & KÖSE, N. (2011). “Testing for Granger Causality In Heterogeneous Mixed Panels”, Economic Modelling, 28: 870-876.
  • ELIA, A., KAMIDELIVAND, M., ROGAN, F., & GALLACHÓIR, B. Ó. (2020). “Impacts of Innovation on Renewable Energy Technology Cost Reductions”. Renewable and Sustainable Energy Reviews, 110488.
  • EMODI, N. V., SHAGDARSUREN, G., & TIKY, A. Y. (2015). “Influencing Factors Promoting Technological Innovation in Renewable Energy”. International Journal of Energy Economics and Policy, 5(3).
  • EUROSTAT (2021), Renewable Energy Statistics - Statistics Explained (europa.eu), 10.01.2021.
  • GAN, J., & SMİTH, C. T. (2011). “Drivers for Renewable Energy: A Comparison among OECD Countries”. Biomass and Bioenergy, 35(11), 4497-4503.
  • GENG, J. B., & JI, Q. (2016). “Technological Innovation and Renewable Energy Development: Evidence Based on Patent Counts”. International Journal of Global Environmental Issues, 15(3), 217-234.
  • HILLE, E., ALTHAMMER, W., & DIEDERICH, H. (2020). “Environmental Regulation and Innovation in Renewable Energy Technologies: Does the Policy Instrument Matter?. Technological Forecasting and Social Change, 153, 119921.
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  • IRENA (2017), Renewable Energy Innovation: Accelerating Research for a Low-Carbon Future, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2017/Nov/IRENA_Accelerating_research_2017.pdf?la=en&hash=2A53295A57DD87A0A451E68A2CE7EA020729871F, 12.01.2021.
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  • IRENA (2020), Renewable Capacity Highlights, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2020/Mar/IRENA_RE_Capacity_Highlights_2020.pdf?la=en&hash=B6BDF8C3306D271327729B9F9C9AF5F1274FE30B , 17.01.2021.
  • JOHNSTONE, N., HAŠČİČ, I., & POPP, D. (2010). “Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts”. Environmental and resource economics, 45(1), 133-155.
  • KAR, M., NAZLIOGLU, S., AGIR, H. (2011). “Financial Development and Economic Growth Nexus in the MENA Countries: Bootstrap Panel Granger Causality Analysis". Economic Modelling 28(1-2): 685-693.
  • LI, J., ZHANG, X., ALİ, S., & KHAN, Z. (2020). “Eco-Innovation and Energy Productivity: New Determinants of Renewable Energy Consumption”. Journal of Environmental Management, 271, 111028.
  • OECD (2002), “Frascati Manual 2002, Proposed Standard Practice for Surveys on Research and Experimental Development”.
  • MARQUES, A. C., & FUINHAS, J. A. (2012). “Are Public Policies Towards Renewables Successful? Evidence from European countries”. Renewable Energy, 44, 109-118.
  • MENYAH, K., NAZLIOGLU, S., WOLDE-RUFAEL, Y. (2014). “Financial Development, Trade Openness and Economic Growth in African Countries: New Insights from a Panel Causality Approach”. Economic Modelling 37: 386-394.
  • MIREMADI, I., SABOOHI, Y., & ARASTI, M. (2019). “The Influence of Public R&D and Knowledge Spillovers on the Development of Renewable Energy Sources: The Case of the Nordic Countries”. Technological Forecasting and Social Change, 146, 450-463.
  • NATIONAL RESEARCH COUNCIL (2010). “Electricity from Renewable Resources: Status, Prospects, and Impediments”. Washington, DC: The National Academies Press.
  • PARAMATI, S. R., ALAM, M. S., HAMMOUDEH, S., & HAFEEZ, K. (2020). “Long‐run Relationship between R&D Investment and Environmental Sustainability: Evidence from the European Union Member Countries”. International Journal of Finance & Economics.
  • PESARAN, M. H., SHIN, Y. & SMITH, R. (1999). “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels”, Journal of the American Statistical Association, 94: 621-34.
  • PESARAN, M. H., (2004). “General Diagnostic Tests for Cross Section Dependence in Panels”, CEsifo Working Paper Series 1229, CESifo Group Munich.
  • PESARAN, M. H. (2007). “A Simple Panel Unit Root Test in the Presence of Cross‐Section Dependence”. Journal of Applied Econometrics, 22(2): 265-312.
  • POPP, D. (2006). Innovation in Climate Policy Models: Implementing Lessons from the Economics of R&D. Energy Economics, 28(2006), 596–609.
  • PRZYCHODZEN, W., & PRZYCHODZEN, J. (2020). “Determinants of Renewable Energy Production in Transition Economies: A panel data approach”. Energy, 191, 116583.
  • REXHÄUSER, S., & LÖSCHEL, A. (2015). “Invention in Energy Technologies: Comparing Energy Efficiency and Renewable Energy Inventions at the Firm Level”. Energy Policy, 83, 206-217.
  • STADELMANN, M., & CASTRO, P. (2014). “Climate Policy innovation in the South–Domestic and International determinants of Renewable Energy Policies in Developing and Emerging Countries”. Global Environmental Change, 29, 413-423.
  • UNCTAD (2019), “The Role of Science, Technology and Innovation in Promoting Renewable Energy by 2030” http://www3.weforum.org/docs/Accelerating_sustainable_energy_innovation_2018.pdf , 17.01.2021.
  • UNECE (2017). “Deployment of Renewable Energy: The Water-Energy-Food-Ecosystem Nexus Approach to Support the Sustainable Development Goals”, Singapore.
  • WIPO, IP, Statistics Data Center, https://www3.wipo.int/ipstats/ipstableval , 25.12.2020.
  • WORLD ECONOMIC FORUM (2018), “Accelerating Sustainable Energy Innovation”, http://www3.weforum.org/docs/Accelerating_sustainable_energy_innovation_2018.pdf 17.01.2021.
  • YILDIRIM, B. I., & ŞAHİN, D. (2018). “Geçiş Ekonomilerinde Turizme ve Enerjiye Dayalı Büyüme Hipotezinin Analizi: Panel Nedensellik Testi”. Iğdır Üniversitesi Sosyal Bilimler Dergisi, 16: 437-457.

The Effect of R&D and Innovation on Renewable Energy Production: Panel Data Analysis

Year 2021, Volume: 5 Issue: 2, 1087 - 1105, 31.05.2021
https://doi.org/10.29023/alanyaakademik.867232

Abstract

It is necessary to increase the production of renewable energy sources such as solar, wind, geothermal, hydroelectric, and biomass and to expand their usage areas in order to reduce the negative effects of factors that cause deep damage to the environment such as global climate change and greenhouse gas emissions. In this process, R&D activities and innovation efforts; it contributes significantly to renewable energy production by reducing production and capital costs, providing technological knowledge development, increasing efficiency and performance. This study provides empirical evidence for the effects of energy R&D expenditures and innovation on renewable energy generation in selected countries for the period 2003-2019. Panel data methods (Panel ARDL and Emirmahmutoğlu & Köse, 2011 causality test) are used in this study while investigating the relationship between renewable energy production and innovation and energy R&D expenditures. The empirical findings obtained from the Panel ARDL method have shown that a 1% increase in energy R&D and demonstration expenditures and the number of patent applications, which is an indicator of innovation, will increase renewable energy generation by 0.23% and 0.42%, respectively. According to Emirmahmutoğlu and Köse (2011) causality test, countries with causality from energy R&D expenditures to renewable energy generation; Australia, France, Hungary, Japan, South Korea, Norway, Portugal, Spain and the USA, while the countries with causality from patent applications to renewable energy generation are Austria, Finland, France, Germany, Ireland, Netherlands, Norway, Slovakia, Sweden and Switzerland.

References

  • ADEDOYIN, F. F., BEKUN, F. V., & ALOLA, A. A. (2020). “Growth Impact of Transition from non-Renewable to Renewable Energy in the EU: the Role of Research And Development Expenditure”. Renewable Energy, 159, 1139-1145.
  • AGUIRRE, M., & IBIKUNLE, G. (2014). “Determinants of Renewable Energy Growth: A Global Sample Analysis”. Energy Policy, 69, 374-384.
  • AYARI, N., BLAZSEK, S., & MENDI, P. (2011). “Renewable Energy Innovations in Europe: A Dynamic Panel Data Approach”. Applied Economics, 44(24), 3135-3147.
  • BAMATI, N., & RAOOFI, A. (2020). “Development Level and the Impact of Technological Factor on Renewable Energy Production”. Renewable Energy, 151, 946-955.
  • BAYER, P., DOLAN, L., & URPELAINEN, J. (2013). “Global Patterns of Renewable Energy Innovation, 1990–2009”. Energy for Sustainable Development, 17(3), 288-295.
  • BOINTNER, R. (2014). “Innovation in the Energy Sector: Lessons Learnt from R&D Expenditures and Patents in Selected IEA Countries”. Energy Policy, 73, 733-747.
  • BP (2020), “Statistical Review of World Energy June 2020”, https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html, 25.12.2020.
  • COSTELLO, K. (2016). “A Primer on R&D in the Energy Utility Sector”. Energy and Environment National Regulatory Research Institute, Report No. 16-05.
  • EMİRMAHMUTOĞLU, F., & KÖSE, N. (2011). “Testing for Granger Causality In Heterogeneous Mixed Panels”, Economic Modelling, 28: 870-876.
  • ELIA, A., KAMIDELIVAND, M., ROGAN, F., & GALLACHÓIR, B. Ó. (2020). “Impacts of Innovation on Renewable Energy Technology Cost Reductions”. Renewable and Sustainable Energy Reviews, 110488.
  • EMODI, N. V., SHAGDARSUREN, G., & TIKY, A. Y. (2015). “Influencing Factors Promoting Technological Innovation in Renewable Energy”. International Journal of Energy Economics and Policy, 5(3).
  • EUROSTAT (2021), Renewable Energy Statistics - Statistics Explained (europa.eu), 10.01.2021.
  • GAN, J., & SMİTH, C. T. (2011). “Drivers for Renewable Energy: A Comparison among OECD Countries”. Biomass and Bioenergy, 35(11), 4497-4503.
  • GENG, J. B., & JI, Q. (2016). “Technological Innovation and Renewable Energy Development: Evidence Based on Patent Counts”. International Journal of Global Environmental Issues, 15(3), 217-234.
  • HILLE, E., ALTHAMMER, W., & DIEDERICH, H. (2020). “Environmental Regulation and Innovation in Renewable Energy Technologies: Does the Policy Instrument Matter?. Technological Forecasting and Social Change, 153, 119921.
  • http://sciencebusiness.net/sites/default/files/archive/Assets/011c9c77-d95d-40ed-9b7d-33804294b306.pdf , 18.01.2021.
  • IEA, Statistics, Online Data Services, RD&D Budgets, https://www.iea.org/subscribe-to-data-services , 25.12.2020.
  • IEA (2018), 20 Renewable Energy Policy Recommendations, https://webstore.iea.org/download/direct/2327 , 10.01.2021.
  • IEA (2020), Energy Technology Rd&D Budgets October 2020 Edition Database Documentation, http://wds.iea.org/wds/pdf/RDD_Documentation.pdf 16.01.2021.
  • IEA (2021a), Data & Statistics, https://www.iea.org/data-and-statistics?country=WORLD&fuel=Energy%20supply&indicator=TPESbySource 10.01.2021.
  • IEA (2021b), Renewables-Fuels & Technologies, https://www.iea.org/fuels-and-technologies/renewables , 10.01.2021.
  • IRENA (2017), Renewable Energy Innovation: Accelerating Research for a Low-Carbon Future, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2017/Nov/IRENA_Accelerating_research_2017.pdf?la=en&hash=2A53295A57DD87A0A451E68A2CE7EA020729871F, 12.01.2021.
  • IRENA (2018), Global Energy Transformation: A Roadmap to 2050, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2018/Apr/IRENA_Report_GET_2018.pdf 21.01.2021.
  • IRENA (2020), Renewable Capacity Highlights, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2020/Mar/IRENA_RE_Capacity_Highlights_2020.pdf?la=en&hash=B6BDF8C3306D271327729B9F9C9AF5F1274FE30B , 17.01.2021.
  • JOHNSTONE, N., HAŠČİČ, I., & POPP, D. (2010). “Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts”. Environmental and resource economics, 45(1), 133-155.
  • KAR, M., NAZLIOGLU, S., AGIR, H. (2011). “Financial Development and Economic Growth Nexus in the MENA Countries: Bootstrap Panel Granger Causality Analysis". Economic Modelling 28(1-2): 685-693.
  • LI, J., ZHANG, X., ALİ, S., & KHAN, Z. (2020). “Eco-Innovation and Energy Productivity: New Determinants of Renewable Energy Consumption”. Journal of Environmental Management, 271, 111028.
  • OECD (2002), “Frascati Manual 2002, Proposed Standard Practice for Surveys on Research and Experimental Development”.
  • MARQUES, A. C., & FUINHAS, J. A. (2012). “Are Public Policies Towards Renewables Successful? Evidence from European countries”. Renewable Energy, 44, 109-118.
  • MENYAH, K., NAZLIOGLU, S., WOLDE-RUFAEL, Y. (2014). “Financial Development, Trade Openness and Economic Growth in African Countries: New Insights from a Panel Causality Approach”. Economic Modelling 37: 386-394.
  • MIREMADI, I., SABOOHI, Y., & ARASTI, M. (2019). “The Influence of Public R&D and Knowledge Spillovers on the Development of Renewable Energy Sources: The Case of the Nordic Countries”. Technological Forecasting and Social Change, 146, 450-463.
  • NATIONAL RESEARCH COUNCIL (2010). “Electricity from Renewable Resources: Status, Prospects, and Impediments”. Washington, DC: The National Academies Press.
  • PARAMATI, S. R., ALAM, M. S., HAMMOUDEH, S., & HAFEEZ, K. (2020). “Long‐run Relationship between R&D Investment and Environmental Sustainability: Evidence from the European Union Member Countries”. International Journal of Finance & Economics.
  • PESARAN, M. H., SHIN, Y. & SMITH, R. (1999). “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels”, Journal of the American Statistical Association, 94: 621-34.
  • PESARAN, M. H., (2004). “General Diagnostic Tests for Cross Section Dependence in Panels”, CEsifo Working Paper Series 1229, CESifo Group Munich.
  • PESARAN, M. H. (2007). “A Simple Panel Unit Root Test in the Presence of Cross‐Section Dependence”. Journal of Applied Econometrics, 22(2): 265-312.
  • POPP, D. (2006). Innovation in Climate Policy Models: Implementing Lessons from the Economics of R&D. Energy Economics, 28(2006), 596–609.
  • PRZYCHODZEN, W., & PRZYCHODZEN, J. (2020). “Determinants of Renewable Energy Production in Transition Economies: A panel data approach”. Energy, 191, 116583.
  • REXHÄUSER, S., & LÖSCHEL, A. (2015). “Invention in Energy Technologies: Comparing Energy Efficiency and Renewable Energy Inventions at the Firm Level”. Energy Policy, 83, 206-217.
  • STADELMANN, M., & CASTRO, P. (2014). “Climate Policy innovation in the South–Domestic and International determinants of Renewable Energy Policies in Developing and Emerging Countries”. Global Environmental Change, 29, 413-423.
  • UNCTAD (2019), “The Role of Science, Technology and Innovation in Promoting Renewable Energy by 2030” http://www3.weforum.org/docs/Accelerating_sustainable_energy_innovation_2018.pdf , 17.01.2021.
  • UNECE (2017). “Deployment of Renewable Energy: The Water-Energy-Food-Ecosystem Nexus Approach to Support the Sustainable Development Goals”, Singapore.
  • WIPO, IP, Statistics Data Center, https://www3.wipo.int/ipstats/ipstableval , 25.12.2020.
  • WORLD ECONOMIC FORUM (2018), “Accelerating Sustainable Energy Innovation”, http://www3.weforum.org/docs/Accelerating_sustainable_energy_innovation_2018.pdf 17.01.2021.
  • YILDIRIM, B. I., & ŞAHİN, D. (2018). “Geçiş Ekonomilerinde Turizme ve Enerjiye Dayalı Büyüme Hipotezinin Analizi: Panel Nedensellik Testi”. Iğdır Üniversitesi Sosyal Bilimler Dergisi, 16: 437-457.
There are 45 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Makaleler
Authors

Efe Can Kılınç 0000-0002-3139-0684

Nazan Şahbaz This is me 0000-0003-1956-3965

Publication Date May 31, 2021
Acceptance Date March 25, 2021
Published in Issue Year 2021 Volume: 5 Issue: 2

Cite

APA Kılınç, E. C., & Şahbaz, N. (2021). Ar-Ge ve İnovasyonun Yenilenebilir Enerji Üretimi Üzerindeki Etkisi: Panel Veri Analizi. Alanya Akademik Bakış, 5(2), 1087-1105. https://doi.org/10.29023/alanyaakademik.867232