A Panel Data Analysis on The Impact of Green Innovation on Energy Efficiency

Abstract

Energy efficiency, which means less energy use in output production reduces the energy dependency of countries, enables them to reach higher levels of welfare, and decreases the damage on the environment by enabling less polluting mechanisms to be put into use. Based on the matter of energy efficiency for countries, in this study; the effect of green innovation on energy efficiency was tested using panel data methods (mean group estimator) in OECD countries for the period 1995-2019. The findings showed that energy efficiency will increase as green innovation, renewable energy consumption and per capita income level increase. On the other hand, it has been determined that as fossil fuel consumption increases, energy efficiency will decrease.

Keywords

• Green Innovation
• Energy Efficiency
• Panel Data Analysis

Yeşil İnovasyonun Enerji Verimliliğine Etkisi Üzerine Bir Panel Veri Analizi

Öz

Çıktı üretiminde daha az enerji kullanımını ifade eden enerji verimliliği; ülkelerin enerji bağımlılığını düşürmekte, daha yüksek refah seviyelerine ulaşmalarını mümkün kılmakta ve çevreyi daha az kirletici mekanizmaların devreye alınmasını sağlayarak çevre üzerindeki tahribatı azaltmaktadır. Enerji verimliliğinin ülkeler için öneminden yol çıkılarak bu çalışmada; OECD ülkeleri özelinde, 1995-2019 dönemi kapsamında, yeşil inovasyonun enerji verimliliği üzerindeki etkisi panel veri yöntemleri (ortalama grup tahmincisi) kullanılarak test edilmiştir. Elde edilen bulgular, yeşil inovasyonun göstergesi olarak belirlenen çevre ile ilgili alınan patentlerin sayısı, yenilenebilir enerji tüketimi ve kişi başına düşe gelir düzeyi arttıkça enerji verimliliğinin artacağını, buna karşın fosil yakıt tüketimi arttıkça enerji verimliliğinin azalacağını göstermiştir.

Anahtar Kelimeler

• Yeşil İnovasyon
• Enerji Verimliliği
• Panel Veri Analizi

Kaynakça

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