The Relationship Between Renewable Energy and Economic Growth in MIKTA Countries

Yıl 2025, Cilt: 59 Sayı: 1, 13 - 26, 22.01.2025

Yaşar Alptürk

https://doi.org/10.51551/verimlilik.1464072

Öz

Purpose: The aim of this study is to investigate the relationship between renewable energy and economic growth across MIKTA countries for the period of 1990-2020.
Methodology: In this study, Emirmahmutoğlu-Köse Panel Causality analysis is utilized. In this context, horizontal cross-sectional dependencies were first investigated, then homogeneity tests were applied, and unit root tests were performed according to the findings obtained. Finally, causality relationships between variables were identified.
Findings: The findings obtained from the study suggest that while no causality relationship can be identified from economic growth to renewable energy on either a country or panel basis, a causality relationship exists from renewable energy consumption to economic growth on both panel and country levels. When examining the results at the country level, it is found that renewable energy is the cause of economic growth for Mexico, Turkey, and Indonesia. These findings support the growth hypothesis in the literature regarding the relationship between renewable energy and economic growth.
Originality: The study was conducted using modern tests focusing on the relatively new formation in the literature, namely the MIKTA countries.

Anahtar Kelimeler

MIKTA, Economic Growth, Renewable Energy, Emirmahmutoğlu-Kose Causality

MIKTA Ülkelerinde Yenilenebilir Enerji ve Ekonomik Büyüme İlişkisi

Öz

Amaç: Bu çalışmanın amacı MIKTA ülkeleri genelinde yenilenebilir enerji ile ekonomik büyüme arasındaki ilişkileri 1990-2020 dönemi için araştırmaktır.
Yöntem: Bu çalışmada Emirmahmutoğlu-Köse Panel Nedensellik analizlerinden yararlanılmıştır. Bu bağlamda ilk olarak yatay kesit bağımlılıkları araştırılmış, sonrasında homojenite testleri uygulanmış, elde edilen bulgulara göre birim kök testleri gerçekleştirilmiştir. Son olarakta değişkenler arasındaki nedensellik ilişkileri tespit edilmiştir.
Bulgular: Çalışmadan elde edilen bulgulara, ekonomik büyümeden, yenilenebilir enerjiye doğru ülke veya panel bazında bir nedensellik ilişkisi tespit edilemezken, yenilenebilir enerji tüketiminden ekonomik büyüme doğru ise panel ve ülke bazında bir nedensellik ilişkisi bulunduğu tespit edilmiştir. Ülke düzeyinde sonuçlara bakıldığında ise Meksika, Türkiye ve Endonezya için yenilenebilir enerjinin ekonomik büyümenin nedeni olduğu bulunmuştur. Elde edilen bulgular literatürdeki yenilenebilir enerji ile ekonomik büyüme arasındaki büyüme hipotezini desteklemektedir.
Özgünlük: Çalışma literatürde yeni bir oluşum olan MIKTA ülkeleri üzerine modern testler ile yapılmıştır.

Anahtar Kelimeler

MIKTA, Ekonomik Büyüme, Yenilenebilir Enerji, Emirmahmutoğlu-Köse Nedensellik

Kaynakça

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