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Ekonomik Büyümenin İtici Gücü Olarak Enerji Trilemması: Türkiye'den Ampirik Bulgular

Year 2025, Volume: 43 Issue: 2, 213 - 231, 25.06.2025
https://doi.org/10.17065/huniibf.1496363

Abstract

Enerji trilemması, sürdürülebilir enerji sistemini desteklemek için enerji güvenliği, enerjiye erişim ve çevresel sürdürülebilirlik olmak üzere üç temel boyut arasında bir denge kurulmasını gerektirir. Bu üç boyut, küresel enerji politikalarının şekillendirilmesinde merkezi bir role sahiptir. Bu nedenle, bu çalışmada Türkiye’de enerji trilemmasının ekonomik büyüme üzerindeki etkileri araştırılmıştır. 2000-2022 dönemi yıllık verilerinin kullanıldığı bu çalışmada ARDL yöntemi tercih edilmiştir. Çalışmada Enerji Trilemma Endeksi'nin kısa dönemde Gayri Safi Yurtiçi Hasıla üzerinde 0.243'lük bir katsayı ile pozitif ve güçlü bir etkiye sahip olduğu, uzun dönemde ise bu etkinin 0.346'ya yükselerek daha da güçlendiği tespit edildi. Aynı zamanda, diğer açıklayıcı değişkenler olan Yabancı Doğrudan Yatırım, Sürdürülebilir Enerjiye Geçiş, Finansal Gelişmişlik ve Gayrisafi Sabit Sermaye Oluşumu da ekonomik büyümeyi hem kısa hem de uzun dönemde pozitif yönde etkilemektedir. Bu nedenle, Türkiye'de ekonomik istikrar için ekonomik büyüme, enerji güvenliği, çevresel sürdürülebilirlik ve sosyal refahı uyumlaştıran enerji politikaları önerilmektedir.

References

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  • Boluk, G., & Mert, M. (2015). The renewable energy, growth and environmental Kuznets curve in Turkey: an ARDL approach. Renewable and Sustainable Energy Reviews, 52, 587-595. https://doi.org/10.1016/j.rser.2015.07.138
  • Cetin, M., & Sezen, S. (2018). Türkiye'de yenilenebilir ve yenilenemeyen enerji tüketimi, ekonomik büyüme ve karbondioksit salinimi arasindaki ilişki: Bir svar (yapisal var) analizi. Journal of Management and Economics Research, 16(1), 136-157. https://doi.org/10.11611/yead.385401
  • Chi, Y., Esily, R. R., Ibrahiem, D. M., Houssam, N., Chen, Y., Jia, X., & Zhang, X. (2023). Is North Africa region on track to energy trilemma for enhancing economic progress? The role of population growth and energy usage. Energy Strategy Reviews, 50, 101245. https://doi.org/10.1016/j.esr.2023.101245
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  • Drews, S., Antal, M., & van den Bergh, J. C. (2018). Challenges in assessing public opinion on economic growth versus environment: considering European and US data. Ecological Economics, 146, 265-272. https://doi.org/10.1016/j.ecolecon.2017.11.006
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  • Gasparatos, A., & Gadda, T. (2009). Environmental support, energy security and economic growth in Japan. Energy Policy, 37(10), 4038-4048. https://doi.org/10.1016/j.enpol.2009.05.011
  • Granger, C. W. J., & Newbold, P. (1974). Spurious Regressions in Econometrics, Journal Of Econometrics, 2, 111-120. https://doi.org/10.1016/0304-4076(74)90034-7
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  • Khan, I., Hou, F., & Le, H. P. (2021). The impact of natural resources, energy consumption, and population growth on environmental quality: Fresh evidence from the United States of America. Science of the Total Environment, 754, 142222. https://doi.org/10.1016/j.scitotenv.2020.142222
  • Khan, I., Hou, F., Irfan, M., Zakari, A., & Le, H. P. (2021). Does energy trilemma a driver of economic growth? The roles of energy use, population growth, and financial development. Renewable and Sustainable Energy Reviews, 146, 111157. https://doi.org/10.1016/j.rser.2021.111157
  • Khan, I., Hou, F., Zakari, A., & Tawiah, V. K. (2021). The dynamic links among energy transitions, energy consumption, and sustainable economic growth: A novel framework for IEA countries. Energy, 222, 119935. https://doi.org/10.1016/j.energy.2021.119935
  • Khan, I., Zakari, A., Dagar, V., & Singh, S. (2022a). World energy trilemma and transformative energy developments as determinants of economic growth amid environmental sustainability. Energy Economics, 108, 105884. https://doi.org/10.1016/j.eneco.2022.105884
  • Khan, I., Zakari, A., Zhang, J., Dagar, V., & Singh, S. (2022b). A study of trilemma energy balance, clean energy transitions, and economic expansion in the midst of environmental sustainability: New insights from three trilemma leadership. Energy, 248, 123619. https://doi.org/10.1016/j.energy.2022.123619
  • Kurniawan, R., Sugiawan, Y., & Managi, S. (2021). Economic growth–environment nexus: An analysis based on natural capital component of inclusive wealth. Ecological Indicators, 120, 106982. https://doi.org/10.1016/j.ecolind.2020.106982
  • Le, T. H., & Nguyen, C. P. (2019). Is energy security a driver for economic growth? Evidence from a global sample. Energy policy, 129, 436-451. https://doi.org/10.1016/j.enpol.2019.02.038
  • Liu, H., Khan, I., Zakari, A., & Alharthi, M. (2022). Roles of trilemma in the world energy sector and transition towards sustainable energy: A study of economic growth and the environment. Energy Policy, 170, 113238. https://doi.org/10.1016/j.enpol.2022.113238
  • Luciani, G. (2020). The impacts of the energy transition on growth and income distribution. The geopolitics of the global energy transition, 305-318. https://doi.org/10.1007/978-3-030-39066-2_13
  • Marti, L., & Puertas, R. (2022). Sustainable energy development analysis: Energy Trilemma. Sustainable Technology and Entrepreneurship, 1(1), 100007. https://doi.org/10.1016/j.stae.2022.100007
  • Narayan, P. K., & R. P. Smith (2005). Trade Liberalization and Economic Growth in Fiji. An Empirical Assessment Using the ARDL Approach, Journal of the Asia Pacific Economy, 10(1), 96-115. https://doi.org/10.1080/1354786042000309099
  • Nawaz, S. M. N., & Alvi, S. (2018). Energy security for socio-economic and environmental sustainability in Pakistan. Heliyon, 4(10). https://doi.org/10.1016/j.heliyon.2018.e00854
  • OECD. (2008). Joint Research Centre-European Commission. (2008). Handbook on constructing composite indicators: Methodology and user guide. OECD publishing. https://doi.org/10.1787/9789264043466-en
  • Ozturk, I., & Acaravci, A. (2010). CO2 emissions, energy consumption and economic growth in Türkiye. Renewable and Sustainable Energy Reviews, 14(9), 3220-3225. https://doi.org/10.1016/j.rser.2010.07.005
  • Pearson, K. (1901). LIII. On lines and planes of closest fit to systems of points in space. The London, Edinburgh, and Dublin Philosophical Magazine and Journal of Science, 2(11), 559-572. https://doi.org/10.1080/14786440109462720
  • Prado Jr, F. A., Athayde, S., Mossa, J., Bohlman, S., Leite, F., & Oliver-Smith, A. (2016). How much is enough? An integrated examination of energy security, economic growth and climate change related to hydropower expansion in Brazil. Renewable and Sustainable Energy Reviews, 53, 1132-1136. https://doi.org/10.1016/j.rser.2015.09.050
  • Rajbhandari, A., & Zhang, F. (2018). Does energy efficiency promote economic growth? Evidence from a multicountry and multisectoral panel dataset. Energy Economics, 69, 128-139. https://doi.org/10.1016/j.eneco.2017.11.007 Ullah, S., Khan, M., & Yoon, S. M. (2021). Measuring energy poverty and its impact on economic growth in Pakistan. Sustainability, 13(19), 10969. https://doi.org/10.3390/su131910969
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  • Ziolo, M., Jednak, S., Savić, G., & Kragulj, D. (2020). Link between energy efficiency and sustainable economic and financial development in OECD countries. Energies, 13(22), 5898. https://doi.org/10.3390/en13225898

The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye

Year 2025, Volume: 43 Issue: 2, 213 - 231, 25.06.2025
https://doi.org/10.17065/huniibf.1496363

Abstract

The energy trilemma requires a balance between three key dimensions - energy security, energy access and environmental sustainability - to support a sustainable energy system. These three dimensions have a central role in shaping global energy policies. Therefore, this study investigates the impacts of the energy trilemma on economic growth in Turkiye. Using annual data for the period 2000-2022, ARDL method was preferred in this study. The results show that the Energy Trilemma Index has a positive and strong impact on the Gross Domestic Product in the short-run with a coefficient of 0.243, and in the long-run, this impact is even stronger with a coefficient of 0.346. Moreover, the other explanatory variables, i.e., Foreign Direct Investment, Transition to Sustainable Energy, Financial Development, and Gross Fixed Capital Formation, also positively impact economic growth in both the short - and long-run. Therefore, energy policies harmonize economic growth, energy security, environmental sustainability, and social welfare are recommended for economic stability in Turkiye.

References

  • Acaravci, A., & Erdogan, S. (2018). Yenilenebilir enerji, çevre ve ekonomik büyüme ilişkisi: Seçilmiş ülkeler için ampirik bir analiz. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 13(1), 53-64. https://doi.org/10.17153/oguiibf.359419
  • Agbanyo, G. K., Ofori, C., Prah, G. J., & Chin, T. (2023). Exploring the energy–economy–environment paradox through Yin–Yang harmony cognition. Heliyon, 9(9). https://doi.org/10.1016/j.heliyon.2023.e19864
  • Ang, B. W., Choong, W. L., & Ng, T. S. (2015). Energy security: Definitions, dimensions and indexes. Renewable and Sustainable Energy Reviews, 42, 1077-1093. https://doi.org/10.1016/j.rser.2014.10.064
  • Boluk, G., & Mert, M. (2015). The renewable energy, growth and environmental Kuznets curve in Turkey: an ARDL approach. Renewable and Sustainable Energy Reviews, 52, 587-595. https://doi.org/10.1016/j.rser.2015.07.138
  • Cetin, M., & Sezen, S. (2018). Türkiye'de yenilenebilir ve yenilenemeyen enerji tüketimi, ekonomik büyüme ve karbondioksit salinimi arasindaki ilişki: Bir svar (yapisal var) analizi. Journal of Management and Economics Research, 16(1), 136-157. https://doi.org/10.11611/yead.385401
  • Chi, Y., Esily, R. R., Ibrahiem, D. M., Houssam, N., Chen, Y., Jia, X., & Zhang, X. (2023). Is North Africa region on track to energy trilemma for enhancing economic progress? The role of population growth and energy usage. Energy Strategy Reviews, 50, 101245. https://doi.org/10.1016/j.esr.2023.101245
  • Council, W. E., & Wyman, O. (2020). World Energy Trilemma Index 2020. World Energy Council: London, UK. Dell’Anna, F. (2021). Green jobs and energy efficiency as strategies for economic growth and the reduction of environmental impacts. Energy Policy, 149, 112031. https://doi.org/10.1016/j.enpol.2020.112031
  • Drews, S., Antal, M., & van den Bergh, J. C. (2018). Challenges in assessing public opinion on economic growth versus environment: considering European and US data. Ecological Economics, 146, 265-272. https://doi.org/10.1016/j.ecolecon.2017.11.006
  • Ekins, P. (2002). Economic growth and environmental sustainability: The prospects for green growth. Routledge. https://doi.org/10.4324/9780203011751
  • Gasparatos, A., & Gadda, T. (2009). Environmental support, energy security and economic growth in Japan. Energy Policy, 37(10), 4038-4048. https://doi.org/10.1016/j.enpol.2009.05.011
  • Granger, C. W. J., & Newbold, P. (1974). Spurious Regressions in Econometrics, Journal Of Econometrics, 2, 111-120. https://doi.org/10.1016/0304-4076(74)90034-7
  • Halicioglu, F. (2009). An econometric study of CO2 emissions, energy consumption, income and foreign trade in Türkiye. Energy Policy, 37(3), 1156-1164. https://doi.org/10.1016/j.enpol.2008.11.012
  • Hotelling, H. (1933). Analysis of a complex of statistical variables into principal components. Journal of educational psychology, 24(6), 417. https://doi.org/10.1037/h0071325
  • Hu, B., Li, Z., & Zhang, L. (2019). Long-run dynamics of sulphur dioxide emissions, economic growth, and energy efficiency in China. Journal of cleaner production, 227, 942-949. https://doi.org/10.1016/j.jclepro.2019.04.170
  • Johansen, S., & K. Juselius (1990). Maximum Likelihood Estimation and Inference on Cointegration With Applications to The Demand for Money. Oxford Bulletin Of Economics and Statistics, 52, 169-210. https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x
  • Jolliffe, I. T. (2002). Principal component analysis for special types of data (pp. 338-372). Springer New York. https://doi.org/10.1007/0-387-22440-8_13
  • Kang, H. (2022). An analysis of the relationship between energy trilemma and economic growth. Sustainability, 14(7), 3863. https://doi.org/10.3390/su14073863
  • Khan, I., Hou, F., & Le, H. P. (2021). The impact of natural resources, energy consumption, and population growth on environmental quality: Fresh evidence from the United States of America. Science of the Total Environment, 754, 142222. https://doi.org/10.1016/j.scitotenv.2020.142222
  • Khan, I., Hou, F., Irfan, M., Zakari, A., & Le, H. P. (2021). Does energy trilemma a driver of economic growth? The roles of energy use, population growth, and financial development. Renewable and Sustainable Energy Reviews, 146, 111157. https://doi.org/10.1016/j.rser.2021.111157
  • Khan, I., Hou, F., Zakari, A., & Tawiah, V. K. (2021). The dynamic links among energy transitions, energy consumption, and sustainable economic growth: A novel framework for IEA countries. Energy, 222, 119935. https://doi.org/10.1016/j.energy.2021.119935
  • Khan, I., Zakari, A., Dagar, V., & Singh, S. (2022a). World energy trilemma and transformative energy developments as determinants of economic growth amid environmental sustainability. Energy Economics, 108, 105884. https://doi.org/10.1016/j.eneco.2022.105884
  • Khan, I., Zakari, A., Zhang, J., Dagar, V., & Singh, S. (2022b). A study of trilemma energy balance, clean energy transitions, and economic expansion in the midst of environmental sustainability: New insights from three trilemma leadership. Energy, 248, 123619. https://doi.org/10.1016/j.energy.2022.123619
  • Kurniawan, R., Sugiawan, Y., & Managi, S. (2021). Economic growth–environment nexus: An analysis based on natural capital component of inclusive wealth. Ecological Indicators, 120, 106982. https://doi.org/10.1016/j.ecolind.2020.106982
  • Le, T. H., & Nguyen, C. P. (2019). Is energy security a driver for economic growth? Evidence from a global sample. Energy policy, 129, 436-451. https://doi.org/10.1016/j.enpol.2019.02.038
  • Liu, H., Khan, I., Zakari, A., & Alharthi, M. (2022). Roles of trilemma in the world energy sector and transition towards sustainable energy: A study of economic growth and the environment. Energy Policy, 170, 113238. https://doi.org/10.1016/j.enpol.2022.113238
  • Luciani, G. (2020). The impacts of the energy transition on growth and income distribution. The geopolitics of the global energy transition, 305-318. https://doi.org/10.1007/978-3-030-39066-2_13
  • Marti, L., & Puertas, R. (2022). Sustainable energy development analysis: Energy Trilemma. Sustainable Technology and Entrepreneurship, 1(1), 100007. https://doi.org/10.1016/j.stae.2022.100007
  • Narayan, P. K., & R. P. Smith (2005). Trade Liberalization and Economic Growth in Fiji. An Empirical Assessment Using the ARDL Approach, Journal of the Asia Pacific Economy, 10(1), 96-115. https://doi.org/10.1080/1354786042000309099
  • Nawaz, S. M. N., & Alvi, S. (2018). Energy security for socio-economic and environmental sustainability in Pakistan. Heliyon, 4(10). https://doi.org/10.1016/j.heliyon.2018.e00854
  • OECD. (2008). Joint Research Centre-European Commission. (2008). Handbook on constructing composite indicators: Methodology and user guide. OECD publishing. https://doi.org/10.1787/9789264043466-en
  • Ozturk, I., & Acaravci, A. (2010). CO2 emissions, energy consumption and economic growth in Türkiye. Renewable and Sustainable Energy Reviews, 14(9), 3220-3225. https://doi.org/10.1016/j.rser.2010.07.005
  • Pearson, K. (1901). LIII. On lines and planes of closest fit to systems of points in space. The London, Edinburgh, and Dublin Philosophical Magazine and Journal of Science, 2(11), 559-572. https://doi.org/10.1080/14786440109462720
  • Prado Jr, F. A., Athayde, S., Mossa, J., Bohlman, S., Leite, F., & Oliver-Smith, A. (2016). How much is enough? An integrated examination of energy security, economic growth and climate change related to hydropower expansion in Brazil. Renewable and Sustainable Energy Reviews, 53, 1132-1136. https://doi.org/10.1016/j.rser.2015.09.050
  • Rajbhandari, A., & Zhang, F. (2018). Does energy efficiency promote economic growth? Evidence from a multicountry and multisectoral panel dataset. Energy Economics, 69, 128-139. https://doi.org/10.1016/j.eneco.2017.11.007 Ullah, S., Khan, M., & Yoon, S. M. (2021). Measuring energy poverty and its impact on economic growth in Pakistan. Sustainability, 13(19), 10969. https://doi.org/10.3390/su131910969
  • WEC. World Energy Council. (2018). World Energy Trilemma Index 2018. https://www.worldenergy.org/assets/downloads/World-Energy-Trilemma-Index-2018.pdf (access: 22.04.2024)
  • WEC. World Energy Council. (2019). “World Energy Trilemma Index 2019”. https://www.worldenergy.org/assets/downloads/1.-World-Energy-Issues-Monitor-2019-Interactive-Full-Report.pdf (access: 10.04.2024)
  • WEC. World Energy Council. (2023). “World Energy Trilemma Index 2024”. https://www.worldenergy.org/assets/downloads/World_Energy_Trilemma_Index_2022.pdf?v=1669839605 (access: 18.04.2024)
  • WEC. World Energy Council. (2024). “World Energy Trilemma Index 2024”. https://www.worldenergy.org/assets/downloads/World_Energy_Trilemma_2024_Full_Report.pdf?v=1713253987 (access: 18.04.2024)
  • Ziolo, M., Jednak, S., Savić, G., & Kragulj, D. (2020). Link between energy efficiency and sustainable economic and financial development in OECD countries. Energies, 13(22), 5898. https://doi.org/10.3390/en13225898
There are 39 citations in total.

Details

Primary Language English
Subjects Growth, Development Economics - Macro
Journal Section Articles
Authors

Emre Akusta 0000-0002-6147-5443

Publication Date June 25, 2025
Submission Date June 5, 2024
Acceptance Date March 7, 2025
Published in Issue Year 2025 Volume: 43 Issue: 2

Cite

APA Akusta, E. (2025). The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 43(2), 213-231. https://doi.org/10.17065/huniibf.1496363
AMA Akusta E. The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. June 2025;43(2):213-231. doi:10.17065/huniibf.1496363
Chicago Akusta, Emre. “The Energy Trilemma As a Driver of Economic Growth: Empirical Findings from Türkiye”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 43, no. 2 (June 2025): 213-31. https://doi.org/10.17065/huniibf.1496363.
EndNote Akusta E (June 1, 2025) The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 43 2 213–231.
IEEE E. Akusta, “The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 43, no. 2, pp. 213–231, 2025, doi: 10.17065/huniibf.1496363.
ISNAD Akusta, Emre. “The Energy Trilemma As a Driver of Economic Growth: Empirical Findings from Türkiye”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 43/2 (June2025), 213-231. https://doi.org/10.17065/huniibf.1496363.
JAMA Akusta E. The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2025;43:213–231.
MLA Akusta, Emre. “The Energy Trilemma As a Driver of Economic Growth: Empirical Findings from Türkiye”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 43, no. 2, 2025, pp. 213-31, doi:10.17065/huniibf.1496363.
Vancouver Akusta E. The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2025;43(2):213-31.

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