TÜRKİYE EKONOMİSİNDE YAPISAL KIRILMALAR, YENİLENEBİLİR ENERJİ VE EKONOMİK BÜYÜME (1970-2016)

Year 2020, Volume: 7 Issue: 3, 589 - 610, 30.11.2020

Murat Çetin , Aminullah Rahmani

https://doi.org/10.30798/makuiibf.689442

Cited By: 3

Abstract

Bu çalışma, yapısal kırılmalar altında Türkiye’de 1970-2016 periyodunda yenilenebilir enerji-ekonomik büyüme ilişkisini ele alır. Çalışma bu ilişkiyi incelemek için işgücü, sabit sermaye, finansal gelişme ve ticari açıklık değişkenlerini de modellere ilave etmektedir. PP ve Ng-Perron gibi klasik testlerin yanısıra Lee-Strazicich iki yapısal kırılmalı testi de uygulanarak değişkenlerin durağanlığı incelenmektedir. Eşbütünleşme analizini gerçekleştirebilmek için ARDL sınır testi uygulanmaktadır. Nedensellik analizinde Toda-Yamamoto nedensellik testi kullanılmaktadır. Ampirik bulgular i) yapısal kırılmaların varlığında eşbütünleşmenin olduğunu; ii) yenilenebilir enerji tüketiminin ekonomik büyümeyi pozitif etkilediğini; iii) yenilenebilir enerji tüketimi ile ekonomik büyüme arasında çift yönlü bir nedenselliğin varlığını böylece geri besleme hipotezinin Türkiye ekonomisi için kanıtlandığını; iv) çalışmanın politika yapıcıları için önemli eğilimler sunabileceğini göstermektedir.

Keywords

Yenilenebilir Enerji, Ekonomik Büyüme, Yapısal Kırılma, Sınır Testi, Nedensellik, Türkiye

STRUCTURAL BREAKS, RENEWABLE ENERGY AND ECONOMIC GROWTH IN TURKISH ECONOMY (1970-2016)

Abstract

This study deals with renewable energy consumption-economic growth link under the structural breaks in Turkey over the period 1970-2016. This study includes additional variables such as labor, fixed capital, financial development and openness into the models to investigate this relationship. We apply the classical tests such as PP and Ng-Perron test as well as the Lee- Strazicich test with two structural breaks to detect the stationarity of variables. We also apply the ARDL bounds test to carry out the cointegration analysis. The Toda-Yamamoto causality test is used for the causality analysis. The empirical findings show that i) there exists cointegration under the structural breaks; ii) renewable energy consumption positively affects economic growth; iii) there is a bidirectional causality between the variables, thus the feedback hypothesis is confirmed for Turkish economy; iv) the study can present important suggestions for policy makers.

Keywords

Renewable Energy, Economic Growth, Structural Break, Bounds Test, Causality, Turkey

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