YENİLENEBİLİR ENERJİ TÜKETİMİ, FİNANSAL GELİŞMİŞLİK VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: IEA ÜLKELERİ ÜZERİNE UYGULAMA

Year 2022, Volume: 36 Issue: 2, 632 - 656, 29.06.2022

Mustafa Koç , Merve Kıymaz Kıvraklar , Nilcan Mert

https://doi.org/10.48070/erciyesakademi.1089386

Cited By: 1

Abstract

Enerji kaynaklarına olan ihtiyaç her geçen gün artmaktadır. Ancak sınırlı enerji kaynakları, ekonomileri yenilenebilir enerji kaynaklarını kullanmaya yöneltmektedir. Bu çalışma yenilenebilir enerji tüketimi, finansal gelişmişlik ve ekonomik büyüme arasındaki ilişkiyi incelemektedir. Çalışma, değişkenler arasındaki uzun vadeli ve kısa vadeli eşbütünleşme korelasyonlarını araştırmak için ARDL yaklaşımını kullanmaktadır. Mevcut çalışma, finansal gelişme göstergelerinin on iki IEA ülkesi için yenilenebilir enerji tüketimi üzerinde bir rol oynayıp oynayamayacağını araştırmak için 1996-2017 dönemine odaklanmaktadır. Panel eşbütünleşme testi sonuçlarına göre uzun dönemli değişkenler istatistiksel olarak anlamlıdır. Ayrıca ekonomik büyümenin kısa vadede yenilenebilir enerji tüketimini olumlu yönde etkilediği görülmektedir. Panel nedensellik testi sonuçlarına göre kısa dönemde finansal gelişmişlik ve yenilenebilir enerji tüketimi ile ekonomik büyüme ve yenilenebilir enerji tüketimi arasında ilişki bulunmaktadır. Son olarak, finansal gelişmişlik göstergesinin alt bileşenlerinin kullanımı, finansal sistemin yenilenebilir enerji tüketimini etkileyen farklı yönlerini etkin bir şekilde ortaya çıkarmıştır.

Keywords

Yenilenebilir Enerji Tüketimi, Finansal Gelişmişlik, Ekonomik Büyüme

Nexus Between Renewable Energy Consumption, Financial Development, and Economic Growth: Evidence from IEA Countries

Abstract

The need for energy sources is increasing day by day. However, limited energy resources lead economies to use renewable energy resources. This paper explores the relations between renewable energy consumption, financial development, and economic growth. The study employs ARDL approach to investigate the long-term and short-term cointegration correlations between variables. The current paper focuses on the period 1996-2017 to investigate whether financial development indicators can play a role on renewable energy consumption for twelve IEA countries. According to panel cointegration test results, long-term variables are statistically significant. Also economic growth is observed affecting renewable energy consumption positively in the short term. According to panel causality test results in the short-term there is relation between financial development and renewable energy consumption, and economic growth and renewable energy consumption. Finally, the use of subcomponents of financial development indicator have efficiently captured the different aspects of financial system affecting renewable energy consumption.

Keywords

Renewable energy consumption, Economic growth, Financial development

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