The Relationship Between Biomass Energy Consumption and Economic Growth in D-8 Countries

Abstract

In the study, in the period of 1980-2013, the relationship between biomass energy consumption and economic growth in D-8 countries (Developing Eight Countries) is discussed. Panel unit root, cointegration and causality tests are used to analyze whether there is a long-term relationship between the series. As a result of these analyzes, it seems that there is a long-term relationship between the variables. The cointegrated series are then estimated by OLS, DOLS and FMOLS estimators and then impulse-response analysis is performed. According to the obtained analysis results, a one-way causality relationship occurs from biomass energy consumption to economic growth. In addition, there is a long-term positive and statistically significant relationship between biomass energy consumption and economic growth. In this context, it is seen that governments' investment and projects towards biomass energy use will affect economic growth positively.   

Keywords

• Biomass,Economic Growth,Panel Data Analyses

D-8 Ülkelerinde Biyokütle Enerjisi Tüketimi ile Ekonomik Büyüme Arasındaki İlişki

Öz

Çalışmada, 1980-2013 yılları arasında D-8 ülkeleri (Gelişen Sekiz Ülke) için biyokütle enerji tüketimi ile ekonomik büyüme arasındaki ilişki ele alınmaktadır. Seriler arasında uzun dönem ilişkisi olup olmadığını analiz etmek için panel birim kök, eşbütünleşme ve nedensellik testleri kullanılmaktadır. Bu analizlerin sonucunda değişkenler arasında uzun dönemli bir ilişkinin olduğu görülmektedir. Ardından eşbütünleşik seriler OLS, DOLS ve FMOLS tahmincileri ile tahmin edilmekte ve daha sonra etki-tepki analizi yapılmaktadır. Elde edilen analiz sonuçlarına göre,  biyokütle enerji tüketiminden ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi ortaya çıkmaktadır. Ayrıca, biyokütle enerji tüketimi ile ekonomik büyüme arasında uzun dönemde pozitif ve istatistiksel olarak anlamlı bir ilişki bulunmaktadır. Bu bağlamda, hükümetlerin biyokütle enerji kullanımına dönük yapılacak yatırım ve projelerinin ekonomik büyümeyi olumlu yönde etkileyeceği görülmektedir.

Anahtar Kelimeler

• Biyokütle,Ekonomik Büyüme,Panel Veri Analizi

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