Energy Consumption, CO2 Emissions, and Economic Growth Nexus: ARDL Analysis for Turkiye

Abstract

As Turkiye celebrates its 100th year, planning for sustainable and inclusive economic growth for Turkiye's future is crucial. In this context, this paper investigates the association between economic evolution and CO2 releases, energy usage, and gross fixed capital formation; utilizing the Bounds Cointegration test and Granger-causality test during the period spanning from 1990 to 2021. The results validate the long-run relationship between economic evolution and CO2. Moreover, the findings endorse the neutrality hypothesis. For policymakers, it’s crucial to champion investments in renewable energy platforms, potentially by offering incentives such as tax breaks. Concurrently, the correlation between economic progress and growing CO2 releases signals the importance of pushing for cleaner industrial processes and enhanced energy efficiency. Moreover, given the varied findings of several studies, it's necessary to perpetuate ongoing research to base policies on the latest and most exact data present.

Keywords

• Economic growth
• Energy consumption
• Bounds Cointegration test
• CO2 emissions
• Turkey

Enerji Tüketimi, CO2 Emisyonu ve Ekonomik Büyüme İlişkisi: Türkiye için ARDL Analizi

Abstract

Türkiye'nin 100. yılını kutladığı bu dönemde, sürdürülebilir ve kapsayıcı ekonomik büyüme Türkiye ekonomisinin geleceği için önemli bir konudur. Bu bağlamda, bu çalışmada 1990-2021 dönemi için, ekonomik büyüme, CO2 emisyonu, enerji tüketimi ve sabit sermaye oluşumu değişkenleri kullanılarak sınır eşbütünleşme yaklaşımı ve Granger nedensellik testi uygulanmıştır. Sonuçlar, ekonomik büyüme ile CO2 arasında uzun vadeli pozitif bir ilişki olduğunu göstermektedir. Ayrıca, sonuçlar tarafsızlık hipotezini desteklemektedir. Çevresel kaygılar dikkate alınarak, politika yapıcılar için, vergi indirimi gibi teşvikler sunarak yenilenebilir enerji tesislerine yatırım yapılması önem arz etmektedir. Eş zamanlı olarak, ekonomik ilerlemenin artan CO2 emisyonu ile olan ilişkisi, daha temiz sanayi süreçleri ve geliştirilmiş enerji verimliliği için çaba sarf etmenin önemini vurgulamaktadır. Ayrıca, birçok çalışmanın çeşitli bulguları göz önüne alındığında, politikaları en güncel ve en doğru verilere dayandırarak araştırmaları sürdürmek gerekmektedir.

Keywords

• Ekonomik büyüme
• Enerji tüketimi
• Sınır Eşbütünleşme testi
• CO2 emisyonları
• Türkiye

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