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THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES

Cilt: 2 Sayı: 2 30 Aralık 2018
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THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES

Öz

The importance of energy resources in the growth and formation of economic processes and also the reason for the evaluation of these valuable resources, make it important to recognize and analyse of various energy sources. The main purpose of this study is to examine the effects of energy (with renewable and non-renewable distinction) consumption, human and physical capital and Research and Development (R&D) expenditures over the period 2001-2009 on the economic growth of selected 21 Organisation for Economic Co-operation and Development (OECD) countries. In addition, in order to elaborate the details of the results, in addition to examining the effects of renewable and non-renewable energy consumption separately, the effects of total energy consumption (sum of renewable and non-renewable energy consumption) were also examined. To determine the effects of variables, considering the Generalized Least Squares (GLS) method, Panel data econometric technique is used. According to the results of the study, beside other variables (human capital, physical capital and Research and Development (R&D) expenditures, renewable, non-renewable energy consumption have positive and significant effects on economic growth of selected OECD countries. Also, positive and significant effect of total energy consumption on economic growth of selected OECD countries has been approved.

Anahtar Kelimeler

Kaynakça

  1. Alipour H (2010) The effect of oil prices and economic growth on nuclear energy consuming in nuclear energy consumer countries. MA thesis, Department of Economics, Islamic Azad University, Tabriz. (In Persian)
  2. Amadeh H, Ghazi M, AbbasiFar Z (2009) The relationship between energy consumption and economic growth and employment in different sectors of Iran. Journal of Economic Research 86: 1-38. (In Persian)
  3. Apergis N, Payne, J E (2012) Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model. Energy Economics 34: 733–738.
  4. Apergis N, Payne J E (2011) A panel study of nuclear energy consumption and economic growth. Energy Economics 32: 545–549.
  5. Arman A, Kamali P, Heibati R (2010) The relationship between energy consumption and industrial production in Iran. Energy Economics Studies 27: 19-46. (In Persian)
  6. Behboodi D, Mohammadzadeh P, Jabraeeli S (2009), Studying of Energy Consumption and GDP in developing and developed countries. Energy Economics Studies 23: 1-22. (In Persian)
  7. Bowden N. Payne J E (2009) The causal relationship between U.S. energy consumption and real output: a disaggregated analysis. Journal Policy Model 31: 180–188.
  8. Can Tansel T, Ilhan O, Alper A (2012) Renewable and non-renewable energy consumption and economic growth relationship revisited: Evidence from G7 countries. Energy Economics 34: 1942–1950.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Aralık 2018

Gönderilme Tarihi

27 Temmuz 2018

Kabul Tarihi

15 Aralık 2018

Yayımlandığı Sayı

Yıl 2018 Cilt: 2 Sayı: 2

Kaynak Göster

APA
Hajıhassanıasl, S., & Akbarıan, R. (2018). THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES. G.Ü. İslahiye İİBF Uluslararası E-Dergi, 2(2), 43-56. https://izlik.org/JA23DG38BR
AMA
1.Hajıhassanıasl S, Akbarıan R. THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES. G.Ü. İslahiye İİBF Uluslararası E-Dergi. 2018;2(2):43-56. https://izlik.org/JA23DG38BR
Chicago
Hajıhassanıasl, Saeid, ve Roya Akbarıan. 2018. “THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES”. G.Ü. İslahiye İİBF Uluslararası E-Dergi 2 (2): 43-56. https://izlik.org/JA23DG38BR.
EndNote
Hajıhassanıasl S, Akbarıan R (01 Aralık 2018) THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES. G.Ü. İslahiye İİBF Uluslararası E-Dergi 2 2 43–56.
IEEE
[1]S. Hajıhassanıasl ve R. Akbarıan, “THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES”, G.Ü. İslahiye İİBF Uluslararası E-Dergi, c. 2, sy 2, ss. 43–56, Ara. 2018, [çevrimiçi]. Erişim adresi: https://izlik.org/JA23DG38BR
ISNAD
Hajıhassanıasl, Saeid - Akbarıan, Roya. “THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES”. G.Ü. İslahiye İİBF Uluslararası E-Dergi 2/2 (01 Aralık 2018): 43-56. https://izlik.org/JA23DG38BR.
JAMA
1.Hajıhassanıasl S, Akbarıan R. THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES. G.Ü. İslahiye İİBF Uluslararası E-Dergi. 2018;2:43–56.
MLA
Hajıhassanıasl, Saeid, ve Roya Akbarıan. “THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES”. G.Ü. İslahiye İİBF Uluslararası E-Dergi, c. 2, sy 2, Aralık 2018, ss. 43-56, https://izlik.org/JA23DG38BR.
Vancouver
1.Saeid Hajıhassanıasl, Roya Akbarıan. THE EFFECT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION ON ECONOMIC GROWTH OF SELECTED OECD COUNTRIES. G.Ü. İslahiye İİBF Uluslararası E-Dergi [Internet]. 01 Aralık 2018;2(2):43-56. Erişim adresi: https://izlik.org/JA23DG38BR