Analysis of Renewable Energy Consumption in OECD Countries on the Road to Green Economy

Year 2024, , 185 - 200, 30.04.2024

Ayşegül Han

https://doi.org/10.51551/verimlilik.1388229

Abstract

Purpose: The purpose of this study is to examine the relationship between renewable energy and carbon emissions, economic development, international trade, and unemployment in 38 OECD countries between 1990 and 2022.
Methodology: The CADF-CIPS unit root test was used to assess the stationarity of the variables, and Emirmahmutolu and Köse's (2011) causality analysis was used to identify the causal relationships between the variables.
Findings: The results of the causality study show that employment, environmental sustainability, and economic growth are all positively affected by renewable energy. The study found a bidirectional causal relationship between carbon emissions and renewable energy. It also found a bi-directional causal relationship between renewable energy and economic development. Exports of renewable energy were found to have a unidirectional causal relationship. Imports and renewable energy were found to have a bidirectional causal relationship. On the other hand, a one-way causal relationship was found between unemployment and renewable energy.
Originality: The originality of this study lies in its in-depth analysis of the relationships between renewable energy, carbon emissions, economic growth, foreign trade and unemployment, based on analyses carried out between 1990 and 2022 in 38 OECD countries, and in the presentation of the results obtained using statistical methods. These analyses demonstrate the originality of the study by offering new and important perspectives on the subject.

Keywords

Panel Causality, Renewable Energy, Economic Growth, Foreign Trade, Unemployment and Employment

Yeşil Ekonomi Yolunda OECD Ülkelerinde Yenilenebilir Enerji Tüketimi Analizi

Abstract

Amaç: Bu çalışmada, 1990-2022 yılları arasında 38 OECD ülkesinde yenilenebilir enerji ile karbon emisyonu, ekonomik büyüme, dış ticaret ve işsizlik değişkenleri arasındaki ilişkinin incelenmesi amaçlanmaktadır.
Yöntem: Değişkenlerin durağanlık sınamasının yapılması amacıyla CADF-CIPS birim kök testi ve değişkenler arasındaki nedensellik ilişkilerinin tespit edilmesi için Emirmahmutoğlu ve Köse (2011) nedensellik analizi uygulanmıştır.
Bulgular: Nedensellik analizinden elde edilen bulgular, yenilenebilir enerjinin ekonomik büyüme, çevresel sürdürülebilirlik ve istihdam üzerinde olumlu etkileri olduğunu göstermektedir. Çalışmada, yenilenebilir enerji ile karbon emisyonları arasında çift yönlü nedensellik belirlenmiştir. Ayrıca, yenilenebilir enerji ile ekonomik büyüme arasında da çift yönlü nedensellik olduğu bulgusuna ulaşılmıştır. İhracattan yenilenebilir enerjiye doğru tek yönlü nedensellik belirlenmiştir. Yenilenebilir enerji ile ithalat arasında çift yönlü nedensellik olduğu görülmüştür. Bununla birlikte, yenilenebilir enerji ve işsizlik arasında tek yönlü nedensellik saptanmıştır.
Özgünlük: Bu çalışmanın özgünlüğü, 38 OECD ülkesinde 1990-2022 yılları arasında yapılan analizlerle yenilenebilir enerji, karbon emisyonları, ekonomik büyüme, dış ticaret ve işsizlik arasındaki ilişkileri derinlemesine incelemesi ve istatistiksel yöntemlerle elde edilen sonuçlarını sunmasıdır. Bu analizler, konuyla ilgili yeni ve önemli perspektifler sunarak çalışmanın özgünlüğünü ortaya koymaktadır.

Keywords

Panel Nedensellik, Yenilenebilir Enerji, Ekonomik Büyüme, Dış Ticaret, İşsizlik ve İstihdam

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