G-7 ÜLKELERİNDE YENİLENEBİLİR ENERJİ İLE BÜYÜME ARASINDAKİ İLİŞKİ: PANEL VERİ ANALİZİ

Abstract

Küresel iklim değişikliğinin çevreye verdiği zarar ekonomileri katı fosil atıklar yerine yenilenebilir enerji kaynaklarına yönlendirmiştir. Başlangıçta gelişmiş ülkeler tarafından yapılan yenilenebilir enerji yatırımları fazla iken özellikle son yıllarda gelişmekte olan ülkelerin yapmış oldukları yatırımlar artmıştır. Yenilenebilir enerji küresel iklim değişikliğini azaltmadaki rolü nedeniyle önem taşımaktadır. Amaç: Bu çalışmanın amacı 1990 – 2017 döneminde G-7 ülkelerinde yenilenebilir enerji tüketimi ile ekonomik büyüme arasında uzun dönemli bir ilişkinin varlığını araştırmaktır. Yöntem: 1990 – 2017 döneminin ele alındığı çalışmada yatay kesit bağımlılığı söz konusu olduğu için ikinci nesil birim kök testlerinden Bai & Ng (2010) tarafından geliştirilen yeni PANIC testleri uygulanmıştır. Uzun dönemli bir ilişkinin varlığı Westerlund (2008) tarafından geliştirilen Durbin-Hausman testi ile incelenmiştir. Bulgular: Yapılan analiz sonucunda G-7 ülkelerinde yenilenebilir enerji tüketimi ile ekonomik büyüme arasında herhangi bir uzun dönemli ilişkiye rastlanmamıştır. Özgünlük: G-7 ülkelerinde yenilenebilir enerji tüketimi ile ekonomik büyüme arasında herhangi bir uzun dönemli ilişkinin bulunmaması bu ekonomilerde yenilenebilir enerjinin ekonomik büyüme üzerinde belirleyici bir rol oynamadığını ifade eder. Çünkü G-7 ekonomileri büyümelerini gerçekleştirmede yükselen piyasa ekonomileri gibi enerjiye bağımlı değildir. G-7 ülkeleri özelinde bu ilişkinin ortaya konmasının literatüre katkı sağladığı belirtilebilir.

Keywords

• Yenilenebilir Enerji Tüketimi
• Ekonomik Büyüme
• G-7 ülkeleri
• Durbin-Hausman Testi
• PANIC testleri

THE RELATIONSHIP BETWEEN RENEWABLE ENERGY AND GROWTH IN G-7 COUNTRIES: PANEL DATA ANALYSIS

Abstract

The damage caused by global climate change has led economies to renewable energy sources instead of solid fossil wastes. While the renewable energy investments made by the developed countries were high at the beginning, the investments made by the developing countries have increased significantly in recent years. Renewable energy is vital because of its role in reducing global climate change. Purpose: The purpose of this study is to investigate the existence of a long-term relationship between renewable energy consumption and economic growth in the G-7 countries during the period of 1990 – 2017. Method: Analyse focused on the 1990 – 2017 period and used new PANIC tests, one of the second-generation unit root tests developed by Bai & Ng (2010) due to cross-section dependency. The long-term relationship is analysed with Durbin-Hausman test, which is developed by Westerlund (2008). Findings: The analysis result showed that no long-term relationship between renewable energy consumption and economic growth is found among G7 countries. Originality: The absence of any long-term relationship between renewable energy consumption and economic growth in G-7 countries indicates that renewable energy does not play a decisive role on economic growth in these economies. Because G-7 economies are not dependent on energy like emerging market economies in realizing their growth. It can be stated that revealing this relationship specific to the G-7 countries contributes to the literature

Keywords

• Renewable Energy Consumption
• Economic Growth
• G7 Countries
• Durbin-Hausman Test
• PANIC Tests.

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