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Yenilenebilir Enerji, Enerji İthalatından Kaynaklanan Enflasyonist Baskıları Azaltabilir mi? Türkiye'den Kanıtlar

Yıl 2026, Cilt: 27 Sayı: 1, 698 - 720, 17.03.2026
https://doi.org/10.17494/ogusbd.1588792
https://izlik.org/JA69SA46BT

Öz

Bu çalışma, yenilenebilir enerjinin Türkiye'de enerji ithalatından kaynaklanan enflasyonist baskıları azaltma potansiyelini analiz etmektedir. Çalışmada, birim kök analizi kapsamında yapısal kırılmaları dikkate alan Zivot & Andrews ile Lee & Strazicich testleri kullanılmıştır. Eşbütünleşme ilişkisi Johansen ve Hatemi-J eşbütünleşme testleri aracılığıyla incelenmiştir. Uzun dönem katsayıları DOLS ve FMOLS yöntemleri kullanılarak tahmin edilmiştir. Elde edilen bulguların sağlamlığı ise ayrıca ARDL yaklaşımı ile test edilmiştir. Ayrıca, enerji ithalatından kaynaklanan enflasyonist baskıları hafifletmede yenilenebilir enerjinin etkisini ölçmek için bir etkileşim terimi oluşturulmuştur. Sonuçlar, enerji ithalatı ve döviz kurunun enflasyon üzerinde artırıcı bir etkiye sahipken, yenilenebilir enerji ve etkileşim teriminin azaltıcı bir etkiye sahip olduğunu göstermektedir. DOLS, FMOLS ve ARDL sonuçları birbirini desteklemektedir. Ayrıca, her iki modelde de yenilenebilir enerjinin enerji ithalatından kaynaklanan enflasyonist baskıları hafifletme etkisi, yenilenebilir enerjinin doğrudan enflasyonu düşürücü etkisinden daha güçlüdür.

Kaynakça

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  • Dağlaroğlu, T., Demirel, B., & Mahmud, S. F. (2018). Monetary policy implications of short-term capital flows in Turkey. Empirica, 45(4), 747–763. https://doi.org/10.1007/s10663-017-9388-0
  • Demez, S. (2021). Türkiye’de döviz kuru ve enflasyonla mücadelede faiz oranlarının etkinliği: Fourier eşbütünleşme analizi. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, 23(40), 132–144.
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Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye

Yıl 2026, Cilt: 27 Sayı: 1, 698 - 720, 17.03.2026
https://doi.org/10.17494/ogusbd.1588792
https://izlik.org/JA69SA46BT

Öz

This study analyses the potential of renewable energy to reduce inflationary pressures arising from energy imports in Türkiye. Annual data for the period 1980-2022 are used in the analysis. In this study, unit root properties are examined using the Zivot-Andrews and Lee-Strazicich tests, both of which explicitly account for structural breaks. Cointegration is investigated via the Johansen and Hatemi-J cointegration tests. Long-run coefficients are subsequently estimated using the DOLS and FMOLS estimators. The robustness of the empirical findings is further assessed using the ARDL approach. In addition, an interaction term is constructed to measure the impact of renewable energy in alleviating inflationary pressures arising from energy imports. The results show that energy imports and exchange rate have an increasing impact on inflation, while renewable energy and the interaction term have a decreasing impact. DOLS, FMOLS, and ARDL results support each other. Moreover, in both models, the impact of renewable energy in mitigating inflationary pressures stemming from energy imports is stronger than the direct disinflationary impact of renewable energy.

Kaynakça

  • Abbas, N., Saeed, S., Manzoor, S., Arshad, M. U., & Bilal, U. (2015). The relationship between electricity consumption, employment rate, inflation and economic growth in five developing countries. British Journal of Economics, Management & Trade, 5(2), 164–171. https://doi.org/10.9734/BJEMT/2015/10569
  • Adedoyin, F. F., Ozturk, I., Bekun, F. V., Agboola, P. O., & Agboola, M. O. (2021). Renewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL. Renewable Energy, 177, 1408–1420. https://doi.org/10.1016/j.renene.2021.06.018
  • Aimer, N., & Dilek, S. (2021). Toda-Yamamoto causality test between energy consumption and economic growth: Evidence from a panel of Middle Eastern countries. Journal of Empirical Economics and Social Sciences, 3(1), 56–78. https://doi.org/10.46959/jeess.651976
  • Akyurek, C. (2006). The Turkish crisis of 2001: A classic? Emerging Markets Finance and Trade, 42(1), 5–32. https://doi.org/10.2753/REE1540-496X420101
  • Alagöz, M., Alacahan, N. D., & Akarsu, Y. (2017). Petrol fiyatlarının makro ekonomi üzerindeki etkisi-ülke karşılaştırmaları ile panel veri analizi. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, 19(33), 144–150. https://doi.org/10.18493/kmusekad.400722
  • Ardan, M. (2023). 1994 financial crisis in Turkey. In B. Açıkgöz (Ed.), Black Swan: Economic Crises, Volume II (pp. 95–126). Singapore: Springer Nature Singapore. https://doi.org/10.1007/978-981-99-2318-2_7
  • Asafu-Adjaye, J. (2000). The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries. Energy Economics, 22(6), 615–625. https://doi.org/10.1016/S0140-9883(00)00050-5
  • Atasoy, D., & Saxena, S. C. (2006). Misaligned? Overvalued? The untold story of the Turkish lira. Emerging Markets Finance and Trade, 42(3), 29–45. https://doi.org/10.2753/REE1540-496X420302
  • Batten, J. A., Mo, D., & Pourkhanali, A. (2024). Can inflation predict energy price volatility? Energy Economics, 129, 107158. https://doi.org/10.1016/j.eneco.2023.107158
  • Ca’ Zorzi, M., Hahn, E., & Sanchez, M. (2007, March 1). Exchange rate pass-through in emerging markets [SSRN Scholarly Paper]. Rochester, NY: Social Science Research Network. https://doi.org/10.2139/ssrn.970654
  • Celik, A. N. (2006). Present status of photovoltaic energy in Turkey and life cycle techno-economic analysis of a grid-connected photovoltaic-house. Renewable and Sustainable Energy Reviews, 10(4), 370–387. https://doi.org/10.1016/j.rser.2004.09.007
  • Dağlaroğlu, T., Demirel, B., & Mahmud, S. F. (2018). Monetary policy implications of short-term capital flows in Turkey. Empirica, 45(4), 747–763. https://doi.org/10.1007/s10663-017-9388-0
  • Demez, S. (2021). Türkiye’de döviz kuru ve enflasyonla mücadelede faiz oranlarının etkinliği: Fourier eşbütünleşme analizi. Karamanoğlu Mehmetbey Üniversitesi Sosyal ve Ekonomik Araştırmalar Dergisi, 23(40), 132–144.
  • Demirbas, A., & Bakis, R. (2004). Energy from renewable sources in Turkey: Status and future direction. Energy Sources, 26(5), 473–484. https://doi.org/10.1080/00908310490429759
  • Dogan, E., & Muhammad, I. (2019). Willingness to pay for renewable electricity: A contingent valuation study in Turkey. The Electricity Journal, 32(10), 106677. https://doi.org/10.1016/j.tej.2019.106677
  • Duman, Y. K., & Sağdıç, A. (2019). Türkiye’de döviz kuru ve enflasyon ilişkisi: Ekonometrik bir analiz (2003: 1–2017: 3). Sakarya İktisat Dergisi, 8(1), 1–16.
  • Engle, R. F., & Granger, C. W. (1987). Co-integration and error correction: Representation, estimation, and testing. Econometrica: Journal of the Econometric Society, 251–276. https://doi.org/10.2307/1913236
  • Granger, C. W., & Newbold, P. (1974). Spurious regressions in econometrics. Journal of Econometrics, 2(2), 111–120. https://doi.org/10.1016/0304-4076(74)90034-7
  • Guttormsen, A. G. (2007). Causality between energy consumption and economic growth. The Journal of Energy and Development, 33(1), 1–22.
  • Gül, E., & Ekinci, A. (2006). Türkiye’de reel döviz kuru ile ihracat ve ithalat arasındaki nedensellik ilişkisi: 1990-2006. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 16(1), 165–190.
  • Güneş, Ş. (2013). Türkiye’de kur rejimi uygulaması ve enflasyon ilişkisi üzerine bir analiz. Ekonomik ve Sosyal Araştırmalar Dergisi, 9(2), 65–77.
  • Hadi, M., & Campbell, G. (2020). Relationship among energy consumption, inflation, human capital and economic growth: Evidence from Indonesia. International Journal of Applied Economics, Finance and Accounting, 6(2), 85–92. https://doi.org/10.33094/8.2017.2020.62.85.92
  • Hammoudeh, S., & Reboredo, J. C. (2018). Oil price dynamics and market-based inflation expectations. Energy Economics, 75, 484–491. https://doi.org/10.1016/j.eneco.2018.09.011
  • Helali, K., & Rekik, M. (2014). A re-estimation of the impact of the subprime crisis on the economic growth of some emerging countries: Vector-error correction model. E3 Journal of Business Management and Economics, 5(3), 63-70.
  • Hepbasli, A. (2005). Development and restructuring of Turkey’s electricity sector: A review. Renewable and Sustainable Energy Reviews, 9(4), 311–343. https://doi.org/10.1016/j.rser.2004.05.004
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  • Saikkonen, P. (1991). Asymptotically efficient estimation of cointegration regressions. Econometric Theory, 7(1), 1-21. https://ddoi.org/10.1017/S0266466600004217
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  • Sancar, C., & Polat, M. A. (2015). Türkiye’de ekonomik büyüme, enerji tüketimi ve ithalat ilişkisi. Gümüshane University Electronic Journal of the Institute of Social Science, 6(12).
  • Sever, E., & Mızrak, Z. (2007). Döviz kuru, enflasyon ve faiz oranı arasındaki ilişkiler: Türkiye uygulaması. Sosyal Ekonomik Araştırmalar Dergisi, 7(13), 264–283.
  • Sheefeni, J., & Ocran, M. (2014). Exchange rate pass-through to domestic prices in Namibia: SVAR evidence. Journal of Economic and Financial Sciences, 7(1), 89–102. https://doi.org/10.10520/EJC154328
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  • Şanlı, O. (2022). Döviz kuru dalgalanmalarının enflasyona etkisi: Türkiye örneği. Ordu Üniversitesi Sosyal Bilimler Enstitüsü Sosyal Bilimler Araştırmaları Dergisi, 12(3), 2487–2514. https://doi.org/10.48146/odusobiad.1082470
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Toplam 71 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Uygulamalı Makro Ekonometri, Enflasyon
Bölüm Araştırma Makalesi
Yazarlar

Emre Akusta 0000-0002-6147-5443

Gönderilme Tarihi 20 Kasım 2024
Kabul Tarihi 5 Mart 2026
Yayımlanma Tarihi 17 Mart 2026
DOI https://doi.org/10.17494/ogusbd.1588792
IZ https://izlik.org/JA69SA46BT
Yayımlandığı Sayı Yıl 2026 Cilt: 27 Sayı: 1

Kaynak Göster

APA Akusta, E. (2026). Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 27(1), 698-720. https://doi.org/10.17494/ogusbd.1588792
AMA 1.Akusta E. Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2026;27(1):698-720. doi:10.17494/ogusbd.1588792
Chicago Akusta, Emre. 2026. “Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 27 (1): 698-720. https://doi.org/10.17494/ogusbd.1588792.
EndNote Akusta E (01 Mart 2026) Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 27 1 698–720.
IEEE [1]E. Akusta, “Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye”, Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 27, sy 1, ss. 698–720, Mar. 2026, doi: 10.17494/ogusbd.1588792.
ISNAD Akusta, Emre. “Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi 27/1 (01 Mart 2026): 698-720. https://doi.org/10.17494/ogusbd.1588792.
JAMA 1.Akusta E. Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 2026;27:698–720.
MLA Akusta, Emre. “Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye”. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, c. 27, sy 1, Mart 2026, ss. 698-20, doi:10.17494/ogusbd.1588792.
Vancouver 1.Emre Akusta. Can Renewable Energy Mitigate Inflationary Pressures from Energy Imports? Evidence from Türkiye. Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi. 01 Mart 2026;27(1):698-720. doi:10.17494/ogusbd.1588792