Araştırma Makalesi

The relationship between income inequality and renewable energy consumption: A dynamic panel data analysis for G-20 countries

Sayı: Advanced Online Publication Erken Görünüm Tarihi: 1 Aralık 2025
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The relationship between income inequality and renewable energy consumption: A dynamic panel data analysis for G-20 countries

Abstract

Renewable energy (RE) represents a global transformation process with economic and environmental impacts, and countries are taking strategic steps to progress in this area. Income inequality is considered to play a critical role in this process. This study aims to determine the impact of income inequality on RE consumption (REC). The research covers data from 19 G20 member countries from 2001 to 2020. The empirical evidence obtained in the study is based on the two-step generalized method of moments (GMM) estimator derived by Arellano-Bond. Five variables are used in the study. These are REC, carbon dioxide (〖"CO" 〗_2 ")" emissions, trade openness, Gross Domestic Product (GDP) per capita, and the Gini index (GINI). This research shows that increasing income inequality in G20 countries hurts REC. However, according to the findings, the lagged impact of income inequality is significant. In addition, the effect of other variables (〖"CO" 〗_2 emissions, trade openness, and GDP per capita) discussed in the study on REC is harmful and significant. In conclusion, the findings from the example of G20 countries provide evidence that an increase in income inequality has a lagged negative impact on REC and suggest that policymakers should consider income redistribution measures to promote REC.

Keywords

Etik Beyan

Bu çalışma bilimsel araştırma ve yayın etiği kurallarına uygun olarak hazırlanmıştır. Yazar(lar) bu araştırmanın etik kurul kararı gerektirmediğini beyan etmektedir.

Kaynakça

  1. Abdullah, Javed, A., Ashraf, J., & Khan, T. (2020). The impact of renewable energy on GDP. International Journal of Management and Sustainability, 9(4), 239-250. https://doi.org/10.18488/journal.11.2020.94.239.250
  2. Acheampong, A. O., Boateng, E., & Annor, C. B. (2024). Do corruption, income inequality and redistribution hasten transition towards (non) renewable energy economy? Structural Change and Economic Dynamics, 68, 329-354.
  3. Ada-Cristina, A., & Lucian-Liviu A. (2020). The impact of climate change on income inequality. Evidence from European Union Countries. Studies in Business and Economics, 15(3), 223-235. https://doi.org/10.2478/sbe-2020-0055
  4. Alev, N., & Ersezer, Ö. (2024). Gelir eşitsizliği, yenilenebilir enerji tüketimi ve ekonomik büyüme ilişkisi: Panel var yaklaşımından kanıtlar (Relationship with income inequality, renewable energy consumption and economic growth: Evidence from panel Var approach). MECMUA-Uluslararası Sosyal Bilimler Dergisi, 9(17), 92-107. https://doi.org/10.32579/mecmua.1421971
  5. Ali, E. B., Shayanmehr, S., Radmehr, R., Bayitse, R., & Agbozo, E. (2024). Investigating environmental quality among G20 nations: The impacts of environmental goods and low-carbon technologies in mitigating environmental degradation. Geoscience Frontiers, 15(1), 101695.
  6. Amin, S. B., Amin, Y. N., Khandaker, M. K., Khan, F., & Rahman, F. M. (2022). Unfolding FDI, renewable energy consumption, and income inequality nexus: Heterogeneous panel analysis. Energies, 15, 5160. https://doi.org/10.3390/en15145160
  7. Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The review of economic studies, 58, 277-297.
  8. Arı, A. (2023). Gelir eşitsizliğinin yenilenebilir enerji üzerindeki etkileri: Panel veri analizi (The impacts of income inequality on renewable energy: A panel data analysis). Trakya Üniversitesi Sosyal Bilimler Dergisi, 25(1), 147-160. https://doi.org/10.26468/trakyasobed.1121704

Ayrıntılar

Birincil Dil

İngilizce

Konular

Makro İktisat (Diğer)

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

1 Aralık 2025

Yayımlanma Tarihi

-

Gönderilme Tarihi

28 Nisan 2025

Kabul Tarihi

23 Ekim 2025

Yayımlandığı Sayı

Yıl 2026 Sayı: Advanced Online Publication

Kaynak Göster

APA
Yaman, H. (2025). The relationship between income inequality and renewable energy consumption: A dynamic panel data analysis for G-20 countries. Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Advanced Online Publication, 38-48. https://doi.org/10.33707/akuiibfd.1685996


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Afyon Kocatepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi'nde yayınlanan tüm çalışmalar CC BY-NC 4.0 lisansı ile açık erişim ve ücretsiz olarak lisanslanmaktadır.