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YENİLENEBİLİR ENERJİ TÜKETİMİ VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE İÇİN BİR TODA-YAMAMOTO NEDENSELLİK ANALİZİ

Year 2020, Volume: 21 Issue: 1, 68 - 83, 25.05.2020
https://doi.org/10.37880/cumuiibf.671591

Abstract

Bu çalışma, Türkiye’de 1980-2018 dönemi için yenilenebilir enerji tüketiminin ekonomik büyüme üzerindeki etkisini incelemektedir. Bunun için çalışmada değişkenlere ilk olarak birim kök testi uygulanmış ve düzey değerlerinin birim kök içerdiği tespit edilmiştir. Birim kök testi sonrasında değişkenler arasında eşbütünleşme ilişkisi sınır ARDL testi ile incelenmiştir. Sınır ARDL testi sonuçlarına göre değişkenler arasında eşbütünleşme ilişkisi bulunmuştur. Test sonucuna göre uzun dönemde yenilenebilir enerji tüketimindeki %1’lik artış, ekonomik büyümeyi %0,91 oranında artırmaktadır. Eşbütünleşme sonrası Toda-Yamamoto nedensellik testi yapılmış ve yenilenebilir enerji tüketiminden ekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisinin olduğu bulunmuştur. Bu sonuçlar Türkiye’de yenilenebilir enerji tüketimindeki artışların ekonomik büyümeyi artıracağını göstermektedir.

References

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  • Apergis, N. & Danuletiu, D. C. (2014). Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. International Journal of Energy Economics and Policy, 4(4), 578-587.
  • Apergis, N. & Payne, J. E. (2010a). Renewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries. Energy Policy, 38, 656-660.
  • Apergis, N. & Payne, J. E. (2010b). Renewable Energy Consumption and Growth in Eurasia. Energy Economics, 32, 1392-1397.
  • Apergis, N. & Payne, J. E. (2011a). The Renewable Energy Consumption-Growth Nexus in Central America. Applied Energy, 88, 343-347.
  • Apergis, N. & Payne, J. E. (2011b). Renewable and Non-Renewable Electricity Consumption-Growth Nexus: Evidence from Emerging Market Economies. Applied Energy, 88, 5226-5230.
  • Apergis, N. & Payne, J. E. (2012). Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence from a Panel Error Correction Model. Energy Economics, 34, 733-738.
  • Armeanu, D. Ş., Vintila, G. & Gherghina, Ş. C. (2017). Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries. Energies, 10(3), 381.
  • Azad, A. K., Rasul, M. G., Khan, M. M. K., Omri, A., Bhuiya, M .M. K. & Hazrat, M. A. (2014). Modelling of Renewable Energy Economy in Australia. Energy Procedia, 61, 1902-1906.
  • Bhattacharya, M., Paramati, S. R., Ozturk, I. & Bhattacharya, S. (2016). The Effect of Renewable Energy Consumption on Economic Growth: Evidence from Top 38 countries. Applied Energy, 162, 733-741.
  • Bobinaite, V., Juozapaviciene, A. & Konstantinaviciute, I. (2011). Assessment of Causality Relationship between Renewable Energy Consumption and Economic Growth in Lithuania. Inzinerine Ekonomika-Engineering Economics, 22(5), 510-518.
  • Bowden, N. & 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.
  • Burakov, D. & Freidin, M. (2017). Financial Development, Economic Growth and Renewable Energy Consumption in Russia: A Vector Error Correction Approach. International Journal of Energy Economics and Policy, 7(6), 39-47.
  • Büyükyılmaz, A. & Mert, M. (2015). CO2 Emisyonu, Yenilenebilir Enerji Tüketimi ve Ekonomik Büyüme Arasındaki İlişkinin MS-VAR Yaklaşımı ile Modellenmesi: Türkiye Örneği. Zeitschrift für die Welt der Türken (Journal of World of Turks), 7(3), 103-117.
  • Cherni, A. & Jouini, S. E. (2017). An ARDL Approach to the CO2 Emissions, Renewable Energy and Economic Growth Nexus: Tunisian Evidence. International Journal of Hydrogen Energy, 42, 29056-29066.
  • Doğan, E. (2015). The Relationship Between Economic Growth and Electricity Consumption from Renewable and Non-Renewable Sources: A study of Turkey. Renewable and Sustainable Energy Reviews, 52, 534-546.
  • Doğan, E. (2016). Analyzing the Linkage Between Renewable and Non-Renewable Energy Consumption and Economic Growth by Considering Structural Break in Time-Series Data. Renewable Energy, 99, 1126-1136.
  • Durğun, B. & Durğun, F. (2018). Yenilenebilir Enerji Tüketimi ile Ekonomik Büyüme Arasında Nedensellik İlişkisi: Türkiye Örneği. International Review of Economics and Management, 6(1), 1-27.
  • Erdoğan, S., Dücan, E., Şentürk, M. & Şentürk, A. (2018). Türkiye’de Yenilenebilir Enerji Üretimi ve Ekonomik Büyüme İlişkisi Üzerine Ampirik Bulgular. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 11(2), 233-246.
  • Gazel, S. (2017). Bist Sınai Endeksi ile Çeşitli Metaller Arasındaki İlişki: Toda-Yamamoto Nedensellik Testi. Akademik Sosyal Araştırmalar Dergisi, (52), 287-299.
  • Haseeb, M., Abidin, I. S. Z., Hye, Q. M. A. & Hartani, N. H. (2019). The Impact of Renewable Energy on Economic Well-Being of Malaysia: Fresh Evidence from Auto Regressive Distributed Lag Bound Testing Approach. International Journal of Energy Economics and Policy, 9(1), 269-275.
  • Inglesi-Lotz, R. (2016). The İmpact of Renewable Energy Consumption to Economic Growth: A Panel Data Application. Energy Economics, 53, 58-63.
  • Khoshnevis Yazdi, S. & Shakouri, B. (2017). Renewable Energy, Nonrenewable Energy Consumption and Economic Growth. Energy Sources, Part B: Economics, Planning, and Policy, 12(12), 1038-1045.
  • Koçak, E. & Şarkgüneşi, A. (2017). The Renewable Energy and Economic Growth Nexus in Black Sea and Balkan countries. Energy Policy, 100, 51-57.
  • Lin, B. & Moubarak, M. (2014). Renewable Energy Consumption - Economic Growth Nexus for China. Renewable and Sustainable Energy Reviews, 40, 111-117.
  • Menegaki, A. N. (2011). Growth and Renewable Energy in Europe: A Random Effect Model with Evidence for Neutrality Hypothesis. Energy Economics, 33, 257-263.
  • Öcal, O. & Aslan, A. (2013). Renewable Energy Consumption-Economic Growth Nexus in Turkey. Renewable and Sustainable Energy Reviews, 28, 494-499.
  • Pao, H.-T. & Fu, H.-C. (2013). Renewable Energy, Non-Renewable Energy and Economic Growth in Brazil. Renewable and Sustainable Energy Reviews, 25, 381-392.
  • Pesaran, M. H., Shin, Y. & Smith, R. J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16(3), 289-326.
  • Rafindadi, A. A. & Öztürk, I. (2017). Impacts of Renewable Energy Consumption on the German Economic Growth: Evidence from Combined Cointegration Test. Renewable and Sustainable Energy Reviews, 75, 1130–1141.
  • Şimşek M. & Kadılar C. (2010). Türkiye’de Beşeri Sermaye, İhracat ve Ekonomik Büyüme Arasındaki İlişkinin Nedensellik İlişkisi, Cumhuriyet Üniversitesi İİBF Dergisi, 11(1), 115-140.
  • Tayyar, A. E. (2018). Endojen Para Arzının Politik Yönü: Türkiye için Toda- Yamamoto Nedensellik Analizinin Uygulanması, Sosyal Bilimler Dergisi, 26, 89-107.
  • Tiwari, A. K. (2011). A Structural VAR Analysis of Renewable Energy Consumption, Real GDP and CO2 Emissions: Evidence from India. Economics Bulletin, 31(2), 1793-1806.
  • Toda, H. Y. & Yamamoto T. (1995). Statistical Inferences in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics, 66, 225-250.
  • Tugcu, C. T., Ozturk, I. & Aslan, A. (2012). Renewable and Non-Renewable Energy Consumption and Economic Growth Relationship Revisited: Evidence from G7 Countries. Energy Economics, 34, 1942-1950.
Year 2020, Volume: 21 Issue: 1, 68 - 83, 25.05.2020
https://doi.org/10.37880/cumuiibf.671591

Abstract

References

  • Alper, F. Ö. (2018). Yenilenebilir Enerji ve Ekonomik Büyüme Arasındaki İlişki: 1990-2017 Türkiye Örneği. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(2), 223-242.
  • Apergis, N. & Danuletiu, D. C. (2014). Renewable Energy and Economic Growth: Evidence from the Sign of Panel Long-Run Causality. International Journal of Energy Economics and Policy, 4(4), 578-587.
  • Apergis, N. & Payne, J. E. (2010a). Renewable Energy Consumption and Economic Growth: Evidence from a Panel of OECD Countries. Energy Policy, 38, 656-660.
  • Apergis, N. & Payne, J. E. (2010b). Renewable Energy Consumption and Growth in Eurasia. Energy Economics, 32, 1392-1397.
  • Apergis, N. & Payne, J. E. (2011a). The Renewable Energy Consumption-Growth Nexus in Central America. Applied Energy, 88, 343-347.
  • Apergis, N. & Payne, J. E. (2011b). Renewable and Non-Renewable Electricity Consumption-Growth Nexus: Evidence from Emerging Market Economies. Applied Energy, 88, 5226-5230.
  • Apergis, N. & Payne, J. E. (2012). Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence from a Panel Error Correction Model. Energy Economics, 34, 733-738.
  • Armeanu, D. Ş., Vintila, G. & Gherghina, Ş. C. (2017). Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries. Energies, 10(3), 381.
  • Azad, A. K., Rasul, M. G., Khan, M. M. K., Omri, A., Bhuiya, M .M. K. & Hazrat, M. A. (2014). Modelling of Renewable Energy Economy in Australia. Energy Procedia, 61, 1902-1906.
  • Bhattacharya, M., Paramati, S. R., Ozturk, I. & Bhattacharya, S. (2016). The Effect of Renewable Energy Consumption on Economic Growth: Evidence from Top 38 countries. Applied Energy, 162, 733-741.
  • Bobinaite, V., Juozapaviciene, A. & Konstantinaviciute, I. (2011). Assessment of Causality Relationship between Renewable Energy Consumption and Economic Growth in Lithuania. Inzinerine Ekonomika-Engineering Economics, 22(5), 510-518.
  • Bowden, N. & 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.
  • Burakov, D. & Freidin, M. (2017). Financial Development, Economic Growth and Renewable Energy Consumption in Russia: A Vector Error Correction Approach. International Journal of Energy Economics and Policy, 7(6), 39-47.
  • Büyükyılmaz, A. & Mert, M. (2015). CO2 Emisyonu, Yenilenebilir Enerji Tüketimi ve Ekonomik Büyüme Arasındaki İlişkinin MS-VAR Yaklaşımı ile Modellenmesi: Türkiye Örneği. Zeitschrift für die Welt der Türken (Journal of World of Turks), 7(3), 103-117.
  • Cherni, A. & Jouini, S. E. (2017). An ARDL Approach to the CO2 Emissions, Renewable Energy and Economic Growth Nexus: Tunisian Evidence. International Journal of Hydrogen Energy, 42, 29056-29066.
  • Doğan, E. (2015). The Relationship Between Economic Growth and Electricity Consumption from Renewable and Non-Renewable Sources: A study of Turkey. Renewable and Sustainable Energy Reviews, 52, 534-546.
  • Doğan, E. (2016). Analyzing the Linkage Between Renewable and Non-Renewable Energy Consumption and Economic Growth by Considering Structural Break in Time-Series Data. Renewable Energy, 99, 1126-1136.
  • Durğun, B. & Durğun, F. (2018). Yenilenebilir Enerji Tüketimi ile Ekonomik Büyüme Arasında Nedensellik İlişkisi: Türkiye Örneği. International Review of Economics and Management, 6(1), 1-27.
  • Erdoğan, S., Dücan, E., Şentürk, M. & Şentürk, A. (2018). Türkiye’de Yenilenebilir Enerji Üretimi ve Ekonomik Büyüme İlişkisi Üzerine Ampirik Bulgular. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 11(2), 233-246.
  • Gazel, S. (2017). Bist Sınai Endeksi ile Çeşitli Metaller Arasındaki İlişki: Toda-Yamamoto Nedensellik Testi. Akademik Sosyal Araştırmalar Dergisi, (52), 287-299.
  • Haseeb, M., Abidin, I. S. Z., Hye, Q. M. A. & Hartani, N. H. (2019). The Impact of Renewable Energy on Economic Well-Being of Malaysia: Fresh Evidence from Auto Regressive Distributed Lag Bound Testing Approach. International Journal of Energy Economics and Policy, 9(1), 269-275.
  • Inglesi-Lotz, R. (2016). The İmpact of Renewable Energy Consumption to Economic Growth: A Panel Data Application. Energy Economics, 53, 58-63.
  • Khoshnevis Yazdi, S. & Shakouri, B. (2017). Renewable Energy, Nonrenewable Energy Consumption and Economic Growth. Energy Sources, Part B: Economics, Planning, and Policy, 12(12), 1038-1045.
  • Koçak, E. & Şarkgüneşi, A. (2017). The Renewable Energy and Economic Growth Nexus in Black Sea and Balkan countries. Energy Policy, 100, 51-57.
  • Lin, B. & Moubarak, M. (2014). Renewable Energy Consumption - Economic Growth Nexus for China. Renewable and Sustainable Energy Reviews, 40, 111-117.
  • Menegaki, A. N. (2011). Growth and Renewable Energy in Europe: A Random Effect Model with Evidence for Neutrality Hypothesis. Energy Economics, 33, 257-263.
  • Öcal, O. & Aslan, A. (2013). Renewable Energy Consumption-Economic Growth Nexus in Turkey. Renewable and Sustainable Energy Reviews, 28, 494-499.
  • Pao, H.-T. & Fu, H.-C. (2013). Renewable Energy, Non-Renewable Energy and Economic Growth in Brazil. Renewable and Sustainable Energy Reviews, 25, 381-392.
  • Pesaran, M. H., Shin, Y. & Smith, R. J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16(3), 289-326.
  • Rafindadi, A. A. & Öztürk, I. (2017). Impacts of Renewable Energy Consumption on the German Economic Growth: Evidence from Combined Cointegration Test. Renewable and Sustainable Energy Reviews, 75, 1130–1141.
  • Şimşek M. & Kadılar C. (2010). Türkiye’de Beşeri Sermaye, İhracat ve Ekonomik Büyüme Arasındaki İlişkinin Nedensellik İlişkisi, Cumhuriyet Üniversitesi İİBF Dergisi, 11(1), 115-140.
  • Tayyar, A. E. (2018). Endojen Para Arzının Politik Yönü: Türkiye için Toda- Yamamoto Nedensellik Analizinin Uygulanması, Sosyal Bilimler Dergisi, 26, 89-107.
  • Tiwari, A. K. (2011). A Structural VAR Analysis of Renewable Energy Consumption, Real GDP and CO2 Emissions: Evidence from India. Economics Bulletin, 31(2), 1793-1806.
  • Toda, H. Y. & Yamamoto T. (1995). Statistical Inferences in Vector Autoregressions with Possibly Integrated Processes. Journal of Econometrics, 66, 225-250.
  • Tugcu, C. T., Ozturk, I. & Aslan, A. (2012). Renewable and Non-Renewable Energy Consumption and Economic Growth Relationship Revisited: Evidence from G7 Countries. Energy Economics, 34, 1942-1950.
There are 35 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Makaleler
Authors

Bünyamin Demirgil 0000-0002-1150-0225

Yunus Emre Birol 0000-0003-0557-3281

Publication Date May 25, 2020
Submission Date January 7, 2020
Published in Issue Year 2020Volume: 21 Issue: 1

Cite

APA Demirgil, B., & Birol, Y. E. (2020). YENİLENEBİLİR ENERJİ TÜKETİMİ VE EKONOMİK BÜYÜME İLİŞKİSİ: TÜRKİYE İÇİN BİR TODA-YAMAMOTO NEDENSELLİK ANALİZİ. Cumhuriyet Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 21(1), 68-83. https://doi.org/10.37880/cumuiibf.671591

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