Research Article

The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent

Volume: 6 Number: 3 December 30, 2021
TR EN

The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent

Abstract

This study aims to examine the relationship between the non-renewable energy consumption of the countries and their economic status since energy consumption and production appear to be interconnected phenomena. This study analyses the Eastern, Middle, North, South, and Western regions of the European continent from 1990 to 2014. To the best of our knowledge, this is the first paper to analyze the relationship between non-renewable energy consumption and economic growth in the European continent by region. The study adopts a panel causality process to examine the relationship between two phenomena. According to the empirical analyses, there is bidirectional causality between non-renewable energy consumption and economic growth in Eastern, Middle, North, and South European regions whereas a unidirectional relationship from non-renewable energy consumption to economic growth in the Western. Non-renewable energy consumption and economic growth are still interconnected phenomena in the European countries even though climate concerns, environmental precautions, and promotion to reduce unsustainable production.

Keywords

References

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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Publication Date

December 30, 2021

Submission Date

April 14, 2021

Acceptance Date

June 13, 2021

Published in Issue

Year 2021 Volume: 6 Number: 3

APA
Yılgör, M., Korkmaz, S., & Kömüryakan, F. (2021). The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 6(3), 587-607. https://doi.org/10.30784/epfad.916025
AMA
1.Yılgör M, Korkmaz S, Kömüryakan F. The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent. EPF Journal. 2021;6(3):587-607. doi:10.30784/epfad.916025
Chicago
Yılgör, Metehan, Suna Korkmaz, and Fulden Kömüryakan. 2021. “The Relationship Between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent”. Ekonomi Politika Ve Finans Araştırmaları Dergisi 6 (3): 587-607. https://doi.org/10.30784/epfad.916025.
EndNote
Yılgör M, Korkmaz S, Kömüryakan F (December 1, 2021) The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent. Ekonomi Politika ve Finans Araştırmaları Dergisi 6 3 587–607.
IEEE
[1]M. Yılgör, S. Korkmaz, and F. Kömüryakan, “The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent”, EPF Journal, vol. 6, no. 3, pp. 587–607, Dec. 2021, doi: 10.30784/epfad.916025.
ISNAD
Yılgör, Metehan - Korkmaz, Suna - Kömüryakan, Fulden. “The Relationship Between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent”. Ekonomi Politika ve Finans Araştırmaları Dergisi 6/3 (December 1, 2021): 587-607. https://doi.org/10.30784/epfad.916025.
JAMA
1.Yılgör M, Korkmaz S, Kömüryakan F. The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent. EPF Journal. 2021;6:587–607.
MLA
Yılgör, Metehan, et al. “The Relationship Between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent”. Ekonomi Politika Ve Finans Araştırmaları Dergisi, vol. 6, no. 3, Dec. 2021, pp. 587-0, doi:10.30784/epfad.916025.
Vancouver
1.Metehan Yılgör, Suna Korkmaz, Fulden Kömüryakan. The Relationship between Non-Renewable Energy Consumption and Economic Growth: A Regional Analysis of European Continent. EPF Journal. 2021 Dec. 1;6(3):587-60. doi:10.30784/epfad.916025