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Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi

Year 2022, Volume: 9 Issue: 2, 331 - 351, 29.07.2022
https://doi.org/10.26650/JEPR1087057

Abstract

Yapılan bu çalışmanın amacı, enerji türlerine göre ayrıştırılan yenilenemez ve yenilenebilir enerji tüketimi, küreselleşme ve ekonomik büyüme ilişkisini 1990-2018 yılları arası yükselen 15 piyasa ekonomisi ülkeleri için incelemektir. Bu değişkenler arasında herhangi bir ilişkinin varlığını tespit etmek adına panel veri analizi teknikleri kullanılmıştır. Dumitrescu ve Hurlin (2012) nedensellik testinden elde edilen bulgulara göre (i) yenilenebilir enerji tüketimi ile ekonomik büyüme (ii) yenilenemez enerji tüketimi ile ekonomik büyüme ve (iii) küreselleşme ile ekonomik büyüme arasında çift yönlü nedenselliğin varlığı tespit edilmiştir. Örneklem olarak ele alınan yükselen piyasa ekonomisi ülkelerinde enerjinin, gerçekleştirilen üretim ve hizmet faaliyetlerinden doğan ekonomik büyümenin önemli bir girdisi olduğu, aynı zamanda ekonomik faaliyetler sonucunda ortaya çıkan ekonomik büyümenin de enerji tüketimini artırdığı tezini desteklemektedir. Ayrıca bu ülkelerde artan küreselleşme eğilimi ekonomik büyümeyi, ekonomik büyüme de daha fazla küreselleşmeyi tetiklemektedir. Genel olarak bu çalışmadan türlerine göre enerji tüketimi, küreselleşme ve ekonomik büyümenin birbirlerinin nedeni ve sonucu olduğu yönünde bir çıkarım yapmak mümkündür.

References

  • Acheampong, A. O., Boateng , E., Amponsah, M., & Dzator, J. (2021). Revisiting the economic growth–energy consumption nexus: Does globalization matter? Energy Economics(102), 1–18.
  • Anser, M. K., Usman, M., Godil, D. I., Shabbir, M. S., Sharif, A., Tabash, M. I., & Lopez, L. B. (2021). Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth. Environmental Science and Pollution Research(21), 51105– 51118.
  • Antweiler, W., Copeland, B. R., & Taylor, M. S. (2001). Is free trade good for the environment? American Economic Review, 4(91), 877–908.
  • Aslam, B., Hu, J., Hafeez, M., Ma, D., AlGarni, T., Saeed, M., . . . Hussain, S. (2021). Applying environmental Kuznets curve framework to assess the nexus of industry, globalization, and CO2 emission. Environmental Technology & Innovation(21), 1–14.
  • BP (2021). 01.07.2022 tarihinde BP Statistical Review of World Energy July 2021: https://www.bp.com/content/ dam/bp/business-sites/en/global/corporate/xlsx/energy-economics/statistical-review/bp-stats-review-2021-all- data.x adresinden alındı
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239–253.
  • Chen, C., Pinar, M., & Stengos, T. (2021). Determinants of renewable energy consumption: importance of democratic institutions. Renewable Energy(179), 75–83.
  • Cole, M. A. (2006). Does trade liberalization increase national energy use? Economics Letters(92), 108–112. Destek, M. A. (2015). Energy Consumption, economic growth, financial development and trade openness in Turkey: Maki cointegration test. Bulletin of Energy Economics, 3(4), 162–168.
  • Destek, M. A., & Ozsoy, F. N. (2015). Relationships between economic growth, energy consumption, globalization, urbanization and environmental degradation in Turkey. International Journal of Energy and Statistics, 3(4).
  • Dogan, B., & Deger, O. (2016). How globalization and economic growth affect energy consumption: Panel data analysis in the sample of Brazil, Russia, India, China countries. International Journal of Energy Economics and Policy, 806–813.
  • Dreher, A. (2006). Does globalization affect growth? Evidence from a new ındex of globalization. Applied Economics, 38(10), 1091–1110.
  • Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450–1460.
  • Dünya Bankası (World Bank). (tarih yok). 01.07.2022 tarihinde World Development Indicators: https://data. worldbank.org/ adresinden alındı
  • Eren, M. V. (2020). Cinsiyet eşit(siz)liğinde genç kadın işsizliği ile kalkınma arasındaki ilişki: Avrupa Birliği ülkeleri üzerine ekonometrik bir analiz. Yaşar Üniversitesi E-Dergisi, 15(59), 598– 614.
  • Farhani, S. (2013). Renewable energy consumption, economic growth and CO2 emissions: Evidence from selected MENA countries. Energy Economics Letters, 1(2), 24–41.
  • Ghani, G. M. (2012). Does trade liberalization effect energy consumption? Energy Policy (43), 285–290.
  • Hassan, S. T., Xia, E., Huang, J., Khan, N. H., & Iqbal, K. (2019). Natural Resources, globalization, and economic growth: Evidence from Pakistan. Environmental Science and Pollution Research(26), 15527–15534.
  • Kılıç, C., Bayar, Y., & Özekicioğlu, H. B. (2014). Araştırma geliştirme harcamalarının yüksek teknoloji ürün ihracatı üzerindeki etkisi: G-8 ülkeleri için bir panel veri analizi. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (44), 115–130.
  • KOF Swiss Economic Institute. (2021). KOF Swiss Economic Institute (2021). Further Information Ranking 2021, https://k01.07.2022 tarihinde Further Information Ranking 2021: KOF Swiss Economic Institute (20https:// kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html adresinden alındı
  • Li, B., & Haneklaus, N. (2021). The role of renewable energy, fossil fuel consumption, urbanization and economic growth on CO2 emissions in China. Energy Reports, 7(7), 783–791.
  • Marques, L. M., Fuinhas, J. A., & Marques, A. C. (2017). Augmented energy-growth nexus: Economic, political and social globalization impacts. Energy Procedia (136), 97–101.
  • Nasreen, S., & Anwar, S. (2014). Causal relationship between trade openness, economic growth and energy consumption: A panel data analysis of Asian countries. Energy Policy (69), 82–91.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels, University of Cambridge, Faculty of Economics. Cambridge WP 0435 in Economics.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross section dependence. Journal of Applied Econometrics, 22(2), 265–312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 143(1), 50–93.
  • Rahman, H. U., Zaman, U., & Górecki, J. (2021). The role of energy consumption, economic growth and globalization in environmental degradation: Empirical evidence from the BRICS region. Sustainability, 13, 1–16.
  • Shahbaz, M., Shahzad, S. J., Alam, S., & Apergis, N. (2018). Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries. The Journal of International Trade & Economic, 27(8), 985–1009.
  • Usman, M., Jahanger, A., Makhdum, M. S., Balsalobre-Lorente, D., & Bashir, A. (2021). How do financial development, energy consumption, natural resources, and globalization affect arctic countries’ economic growth and environmental uality? An advanced panel data simulation. Energy (241).
  • Wang, J., Hassan, M. S., Alharthi, M., Arshed, N., Hanif, I., & Saeed, M. I. (2022). Inspecting non-linear behavior of aggregated and disaggregated renewable and non-renewable energy consumption on GDP per capita in Pakistan. Energy Strategy Reviews (39), 1–12.
  • Yazdi, S. K., & Shakouri, B. (2017). The globalization, financial development, renewable energy, and economic growth. Energy Sources, Part B: Economics, Planning, and Policy, 12(8), 707–714.

The Relationship Between Energy Consumption, Globalization, and Economic Growth: A Causality Analysis for Selected Emerging Market Economies

Year 2022, Volume: 9 Issue: 2, 331 - 351, 29.07.2022
https://doi.org/10.26650/JEPR1087057

Abstract

This study aims to examine the relationship between non-renewable and renewable energy consumption, separated by energy types, globalization, and economic growth, for 15 emerging market economy countries from 1990-2018. Panel data analysis techniques were used to detect the existence of any relationship between these variables.According to the findings obtained from a Dumitrescu and Hurlin (2012) causality test, it has been determined that there is bidirectional causality between (i) renewable energy consumption and economic growth, (ii) non-renewable energy consumption and economic growth, and (iii) globalization and economic growth. This result supports the thesis that energy is an important input of economic growth arising from production and service activities in emerging market economy countries, which are taken as a sample, and that economic growth as a result of economic activities also increases energy consumption. In addition, the increasing globalization trend in these countries triggers economic growth, and economic growth triggers more globalization.


References

  • Acheampong, A. O., Boateng , E., Amponsah, M., & Dzator, J. (2021). Revisiting the economic growth–energy consumption nexus: Does globalization matter? Energy Economics(102), 1–18.
  • Anser, M. K., Usman, M., Godil, D. I., Shabbir, M. S., Sharif, A., Tabash, M. I., & Lopez, L. B. (2021). Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth. Environmental Science and Pollution Research(21), 51105– 51118.
  • Antweiler, W., Copeland, B. R., & Taylor, M. S. (2001). Is free trade good for the environment? American Economic Review, 4(91), 877–908.
  • Aslam, B., Hu, J., Hafeez, M., Ma, D., AlGarni, T., Saeed, M., . . . Hussain, S. (2021). Applying environmental Kuznets curve framework to assess the nexus of industry, globalization, and CO2 emission. Environmental Technology & Innovation(21), 1–14.
  • BP (2021). 01.07.2022 tarihinde BP Statistical Review of World Energy July 2021: https://www.bp.com/content/ dam/bp/business-sites/en/global/corporate/xlsx/energy-economics/statistical-review/bp-stats-review-2021-all- data.x adresinden alındı
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239–253.
  • Chen, C., Pinar, M., & Stengos, T. (2021). Determinants of renewable energy consumption: importance of democratic institutions. Renewable Energy(179), 75–83.
  • Cole, M. A. (2006). Does trade liberalization increase national energy use? Economics Letters(92), 108–112. Destek, M. A. (2015). Energy Consumption, economic growth, financial development and trade openness in Turkey: Maki cointegration test. Bulletin of Energy Economics, 3(4), 162–168.
  • Destek, M. A., & Ozsoy, F. N. (2015). Relationships between economic growth, energy consumption, globalization, urbanization and environmental degradation in Turkey. International Journal of Energy and Statistics, 3(4).
  • Dogan, B., & Deger, O. (2016). How globalization and economic growth affect energy consumption: Panel data analysis in the sample of Brazil, Russia, India, China countries. International Journal of Energy Economics and Policy, 806–813.
  • Dreher, A. (2006). Does globalization affect growth? Evidence from a new ındex of globalization. Applied Economics, 38(10), 1091–1110.
  • Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450–1460.
  • Dünya Bankası (World Bank). (tarih yok). 01.07.2022 tarihinde World Development Indicators: https://data. worldbank.org/ adresinden alındı
  • Eren, M. V. (2020). Cinsiyet eşit(siz)liğinde genç kadın işsizliği ile kalkınma arasındaki ilişki: Avrupa Birliği ülkeleri üzerine ekonometrik bir analiz. Yaşar Üniversitesi E-Dergisi, 15(59), 598– 614.
  • Farhani, S. (2013). Renewable energy consumption, economic growth and CO2 emissions: Evidence from selected MENA countries. Energy Economics Letters, 1(2), 24–41.
  • Ghani, G. M. (2012). Does trade liberalization effect energy consumption? Energy Policy (43), 285–290.
  • Hassan, S. T., Xia, E., Huang, J., Khan, N. H., & Iqbal, K. (2019). Natural Resources, globalization, and economic growth: Evidence from Pakistan. Environmental Science and Pollution Research(26), 15527–15534.
  • Kılıç, C., Bayar, Y., & Özekicioğlu, H. B. (2014). Araştırma geliştirme harcamalarının yüksek teknoloji ürün ihracatı üzerindeki etkisi: G-8 ülkeleri için bir panel veri analizi. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (44), 115–130.
  • KOF Swiss Economic Institute. (2021). KOF Swiss Economic Institute (2021). Further Information Ranking 2021, https://k01.07.2022 tarihinde Further Information Ranking 2021: KOF Swiss Economic Institute (20https:// kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html adresinden alındı
  • Li, B., & Haneklaus, N. (2021). The role of renewable energy, fossil fuel consumption, urbanization and economic growth on CO2 emissions in China. Energy Reports, 7(7), 783–791.
  • Marques, L. M., Fuinhas, J. A., & Marques, A. C. (2017). Augmented energy-growth nexus: Economic, political and social globalization impacts. Energy Procedia (136), 97–101.
  • Nasreen, S., & Anwar, S. (2014). Causal relationship between trade openness, economic growth and energy consumption: A panel data analysis of Asian countries. Energy Policy (69), 82–91.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels, University of Cambridge, Faculty of Economics. Cambridge WP 0435 in Economics.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross section dependence. Journal of Applied Econometrics, 22(2), 265–312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 143(1), 50–93.
  • Rahman, H. U., Zaman, U., & Górecki, J. (2021). The role of energy consumption, economic growth and globalization in environmental degradation: Empirical evidence from the BRICS region. Sustainability, 13, 1–16.
  • Shahbaz, M., Shahzad, S. J., Alam, S., & Apergis, N. (2018). Globalisation, economic growth and energy consumption in the BRICS region: The importance of asymmetries. The Journal of International Trade & Economic, 27(8), 985–1009.
  • Usman, M., Jahanger, A., Makhdum, M. S., Balsalobre-Lorente, D., & Bashir, A. (2021). How do financial development, energy consumption, natural resources, and globalization affect arctic countries’ economic growth and environmental uality? An advanced panel data simulation. Energy (241).
  • Wang, J., Hassan, M. S., Alharthi, M., Arshed, N., Hanif, I., & Saeed, M. I. (2022). Inspecting non-linear behavior of aggregated and disaggregated renewable and non-renewable energy consumption on GDP per capita in Pakistan. Energy Strategy Reviews (39), 1–12.
  • Yazdi, S. K., & Shakouri, B. (2017). The globalization, financial development, renewable energy, and economic growth. Energy Sources, Part B: Economics, Planning, and Policy, 12(8), 707–714.
There are 30 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Makaleler
Authors

Ömer Fazıl Emek 0000-0003-4429-8892

Melike Atay Polat 0000-0001-9507-5942

Publication Date July 29, 2022
Submission Date March 13, 2022
Published in Issue Year 2022 Volume: 9 Issue: 2

Cite

APA Emek, Ö. F., & Atay Polat, M. (2022). Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi. İktisat Politikası Araştırmaları Dergisi, 9(2), 331-351. https://doi.org/10.26650/JEPR1087057
AMA Emek ÖF, Atay Polat M. Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi. JEPR. July 2022;9(2):331-351. doi:10.26650/JEPR1087057
Chicago Emek, Ömer Fazıl, and Melike Atay Polat. “Enerji Tüketimi, Küreselleşme Ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi”. İktisat Politikası Araştırmaları Dergisi 9, no. 2 (July 2022): 331-51. https://doi.org/10.26650/JEPR1087057.
EndNote Emek ÖF, Atay Polat M (July 1, 2022) Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi. İktisat Politikası Araştırmaları Dergisi 9 2 331–351.
IEEE Ö. F. Emek and M. Atay Polat, “Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi”, JEPR, vol. 9, no. 2, pp. 331–351, 2022, doi: 10.26650/JEPR1087057.
ISNAD Emek, Ömer Fazıl - Atay Polat, Melike. “Enerji Tüketimi, Küreselleşme Ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi”. İktisat Politikası Araştırmaları Dergisi 9/2 (July 2022), 331-351. https://doi.org/10.26650/JEPR1087057.
JAMA Emek ÖF, Atay Polat M. Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi. JEPR. 2022;9:331–351.
MLA Emek, Ömer Fazıl and Melike Atay Polat. “Enerji Tüketimi, Küreselleşme Ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi”. İktisat Politikası Araştırmaları Dergisi, vol. 9, no. 2, 2022, pp. 331-5, doi:10.26650/JEPR1087057.
Vancouver Emek ÖF, Atay Polat M. Enerji Tüketimi, Küreselleşme ve Ekonomik Büyüme Arasındaki İlişki: Seçilmiş Yükselen Piyasa Ekonomileri İçin Bir Nedensellik Analizi. JEPR. 2022;9(2):331-5.