Research Article

Renewable Energy Consumption and Economic Growth Relationship in Developing Countries

Volume: 16 Number: 4 December 16, 2023
TR EN

Renewable Energy Consumption and Economic Growth Relationship in Developing Countries

Abstract

Renewable energy is typically characterized as energy produced from solar, wind, geothermal, tide and wave, wood, waste, and biomass sources. Renewable energy is a crucial issue since it is a clean energy source with less environmental impact. This study aims to use panel methodologies to investigate the relationship between the use of renewable energy and economic growth in developing countries for the years 1990 to 2019. Panel unit root test was performed for the stationarity of the series. After this stage, panel cointegration tests were performed and a long run relationship for renewable energy consumption and economic growth was detected according to the Pedroni test. For the direction of causality, panel causality test was performed, and test results showed unidirectional relationship from economic growth to renewable energy consumption. Growth increases renewable energy consumption and reduces carbon emissions. The direction of causality suggests that conservation hypothesis is valid for developing countries.

Keywords

References

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Details

Primary Language

English

Subjects

Ecology, Sustainability and Energy

Journal Section

Research Article

Publication Date

December 16, 2023

Submission Date

August 24, 2023

Acceptance Date

December 16, 2023

Published in Issue

Year 2023 Volume: 16 Number: 4

APA
Baktemur, F. İ. (2023). Renewable Energy Consumption and Economic Growth Relationship in Developing Countries. Kent Akademisi, 16(4), 2779-2788. https://doi.org/10.35674/kent.1349469
AMA
1.Baktemur Fİ. Renewable Energy Consumption and Economic Growth Relationship in Developing Countries. Urban Academy. 2023;16(4):2779-2788. doi:10.35674/kent.1349469
Chicago
Baktemur, Fatma İdil. 2023. “Renewable Energy Consumption and Economic Growth Relationship in Developing Countries”. Kent Akademisi 16 (4): 2779-88. https://doi.org/10.35674/kent.1349469.
EndNote
Baktemur Fİ (December 1, 2023) Renewable Energy Consumption and Economic Growth Relationship in Developing Countries. Kent Akademisi 16 4 2779–2788.
IEEE
[1]F. İ. Baktemur, “Renewable Energy Consumption and Economic Growth Relationship in Developing Countries”, Urban Academy, vol. 16, no. 4, pp. 2779–2788, Dec. 2023, doi: 10.35674/kent.1349469.
ISNAD
Baktemur, Fatma İdil. “Renewable Energy Consumption and Economic Growth Relationship in Developing Countries”. Kent Akademisi 16/4 (December 1, 2023): 2779-2788. https://doi.org/10.35674/kent.1349469.
JAMA
1.Baktemur Fİ. Renewable Energy Consumption and Economic Growth Relationship in Developing Countries. Urban Academy. 2023;16:2779–2788.
MLA
Baktemur, Fatma İdil. “Renewable Energy Consumption and Economic Growth Relationship in Developing Countries”. Kent Akademisi, vol. 16, no. 4, Dec. 2023, pp. 2779-88, doi:10.35674/kent.1349469.
Vancouver
1.Fatma İdil Baktemur. Renewable Energy Consumption and Economic Growth Relationship in Developing Countries. Urban Academy. 2023 Dec. 1;16(4):2779-88. doi:10.35674/kent.1349469

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