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YENİLENEBİLİR ENERJİ KAYNAKLARINDAN SAĞLANAN ELEKTRİK ENERJİSİ ÜRETİMİ VE EKONOMİK BÜYÜME İLE İLİŞKİSİ: YÜKSEK EMİSYON ETKİLİ Mİ?

Year 2021, Issue: 41, 135 - 148, 06.07.2021
https://doi.org/10.35343/kosbed.876445

Abstract

Geleneksel enerji kaynaklarının rezervlerinin sınırlı olması ve çevre üzerinde olumsuz etkilere yol açması nedeniyle günümüzde yenilenebilir enerji kaynaklarının kullanımına oldukça önem verilmektedir. Bu nedenle yenilenebilir enerji kaynakları kullanımı 1990’lı yıllardan itibaren birçok araştırmacının çalışma alanı olmuştur. Bu çalışmanın amacı dünyada diğerlerine göre en yüksek karbondioksit salınımı yapan beş ülkenin (Çin, Hindistan, ABD, Japonya, Rusya) 1990-2015 dönemi için yenilenebilir enerji kaynaklarından üretilen elektrik enerjisi ile ekonomik büyüme arasındaki nedensel ilişkisini belirlemektir. Ampirik bulgular yenilenebilir enerji kaynaklarından üretilen elektrik enerjisi ile gayrisafi yurtiçi hasıla arasında Hindistan ve Rusya’da yansızlık hipotezinin geçerli olduğunu desteklemektedir. Sonuçlar Çin ve Japonya’da koruma hipotezinin geçerli olduğunu, ABD’de ise geribildirim hipotezinin geçerli olduğunu kanıtlamaktadır.

References

  • Adams, S., Klobodu, E. K., & Apio, A. (2018). Renewable and non-renewable energy, regime type and economic growth. Renewable Energy(125), 755-767.
  • Ahmadov, A. K., & Borg, C. v. (2019). Do natural resources impede renewable energy production in the EU: A mixed-methods analysis. Energy Policy(126), 361-369.
  • Alola, A. A., Bekun, F. V., & Sarkodie, S. A. (2019). Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. Science of the Total Environment(685), 702-709.
  • Amri, F. (2016). The relationship amongst energy consumption,foreign direct investment and output in developed and developing Countries. RenewableandSustainableEnergyReviews(64), 694-702.
  • Apergis, N., & Payne, J. E. (2010). Renewable energy consumption and economic growth Evidence from a panel of OECD countries. Energy Policy(38), 656-660.
  • Apergis, N., Payne, J., Menyah, K., & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics(69), 2255-2260.
  • Aslan, A., & Öcal, O. (2016). The role of renewable energy consumption in economic growth:Evidence from asymmetric causality. Renewable and Sustainable Energy Reviews(60), 953-959.
  • Bulut, U., & Muratoğlu, G. (2018). Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus. Energy Policy(123), 240-250.
  • Cerdeira, J. P., & Moutinho, V. (2016). CO2 emissions, non-renewable and renewable electricity production, economic growth, and international trade in Italy. Renewable and Sustainable Energy Reviews(55), 142-155.
  • Chang, T., Gupta, R., Inglesi-Lotz, R., Simo-Kengne, B. D., Smithers, D., & Trembling, A. (2015). Renewable energy and growth : evidence from heterogeneous panel of G7 countries using Granger causality. Renewable and Sustainable Energy Reviews(52), 1405-1412.
  • Charemza, W., & Deadman, D. (1993). New directions in econemetric pratice. United Kingdom: Edward Elgar. Charfeddine, L., & Kahia, M. (2019). Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis. Renewable Energy, 138(C), 198-213.
  • Chen, Y., Wang, Z., & Zhang, Z. (2019). CO2 emissions, economic growth, renewable and non-renewable energy production and foreign trade in China. Renewable Energy(131), 208-216.
  • Destek, M. A., & Alper, A. (2017). Renewable and non-renewable energy consumption and economic growth in emerging economies: Evidence from bootstrap panel causality. Renewable Energy(111), 757-763.
  • Destek, M. A., & Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth,trade openness and ecological footprint: Evidence from organisationfor economic Co-operation and development countries. Journal of Cleaner Production(242), 118537.
  • Dickey, D., & Fuller, W. A. (1979). Distribution of the estimators of autoregressive time series with a unit root. journal of The American Statistical Association(74), 427-431.
  • Dickey, D., & Fuller, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica(49), 1057-1072.
  • Doğan, E. (2015). The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renewable and Sustainable Energy Reviews(52), 534-546.
  • Dong, K., Hochman, G., Zhang, Y., Sun, R., Li, H., & Liao, H. (2018). CO2 emissions, economic and population growth, and renewable energy: Empirical evidence across regions. Energy Economics(75), 180-192.
  • Erdoğan, S., Düzcan, E., Şentürk, M., & Şentürk, A. (2018). Empırıcal results on renewable energy productıon and economıc growth relatıons in Turkey. Ömer Halis Demir University Journal of Faculty of Economics and Administrative Sciences, 11(2), 233-246.
  • Eren, B. M., Gokmenoglu, K. K., & Taşpınar, N. (2019). The impact of financial development and economic growth on renewable energy consumption: Empirical analysis of India. Science of the Total Environment(663), 189-197.
  • Fan, W., & Hao, Y. (2020). An empirical research on the relationship amongst renewable energy consumption, economic growth and foreign direct investment in China. Renewable Energy(146), 598-609.
  • Fang, Y. (2011). Economic welfare impacts from renewable energy consumption: the China experience. Renewable and sustainable energy Reviews, 15(9), 5120-5128.
  • Glasure, Y. U., & Lee, A.-R. (1998). Cointegration, error-correction, and the relationship between GDP and energy: The case of South Korea and Singapore. Resource and Energy Economics, 20(1), 17-25.
  • Global Carbon Atlas (2019). Erişim Tarihi: 06.02.2021 http://www.globalcarbonatlas.org/en/CO2-emissions. Granger, C. W. (1969). Investigating Causal Relations by Econometric Models and Cross-spectral Methods. Econometrica, 37(3), 424-438.
  • Halıcıoğlu, F., & Ketenci, N. (2018). Output, renewable and non-renewable energy production, and international trade: Evidence from EU-15 countries. Energy(159), 995-1002.
  • Ibrahiem, D. M. (2015). Renewable electricity consumption, foreign direct investment and economic growth in Egypt: An ARDL approach. Procedia Economics and Finance(30), 313-323.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit root in heterogeneous panels. Journal Econometrics(1), 53-74.
  • Kao, C. (1999). Spurious Regression and Residual-Based Tests for Cointegration in Panel Data. Journal of Econometrics(90), 1-44.
  • Kesbic, C. Y., & Er, A. S. (2017). Renewable relationship between energy consumption and economic growth: A panel data analysis for the EU countries and Turkey. Journal of Economic Policy Researches, 4(2), 135-154.
  • Koç, S. & Saidmurodov, S. (2018). Orta Asya Ülkelerinde Elektrik Enerjisi, Doğrudan Yabancı Yatırımı ve Ekonomik Büyüme İlişkisi. Ege Akademik Bakış. 18(2), 321-328.
  • Levin, A., Lin, C. F., & Chu, C. S. (2002). Panel data: asymptotic and finite sample properties. Journal Econometrics 1, 1-24.
  • Liu, Y., & Hao, Y. (2018). The dynamic links between CO2 emissions, energy consumption and economic development in the countries along “the Belt and Roat". Science of the Total Environment(345), 674-683.
  • Luqman, M., Ahmad, N., & Bakhsh, K. (2019). Nuclear energy, renewable energy and economic growth in Pakistan Evidence from non-linear autoregressive distributed lag model. Renewable Energy(139), 1299-1309.
  • Mahmoodi, M., & Mahmoodi, E. (2011). Renewable Energy Consumption and Economic Growth: The Case of 7 Asian Developing Countries. American Journal of Scientific Research(35), 146-152.
  • Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy Economics, 33(2), 257-263.
  • Mutascu, M. (2016). A bootstrap panel Granger causality analysis of energy consumption and economic growth in the G7 countries. Renewable and Sustainable Energy Reviews(63), 166-171.
  • Öncel, A., Kırca, M., & İnal, V. (2017). Relationship Between Electricity Consumption and Economic Growth:Time-varying Panel Causality Analysis for OECD Countries. Journal of Finance July-December(178), 398-420.
  • Özcan, B., & Öztürk, İ. (2019). Renewable energy consumption-economic growth nexus in emerging countries: A bootstrap panel causality test. Renewable and Sustainable Energy Reviews, 104(C), 30-37.
  • Papiez, M., Smiech, S., & Fradyma, K. (2019). 8-Effects of renewable energy sector development on electricity consumption – Growth nexus in the European Union. Renewable and Sustainable Energy Reviews(113), 109276.
  • Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. Advances in Econometrics(15), 93-130.
  • Qiao, H., Zheng, F., Jiang, H., & Dong, K. (2019). The greenhouse effect of the agriculture-economic growth-renewable energy nexus: Evidence from G-20 countries. Science of the Total Environment(671), 722-731.
  • Sadorsky, P. (2009). Renewable energy consumption and income in emerging economies. Energy Policy, 10, 4021-4028.
  • Sarı, R., Ewing, B. T., & Soytaş, U. (2008). The relationship between disaggregate energy consumption and industrial production in the United States: an ARDL approach. Energy Economics(30), 2302-2313.
  • Sebri, M., & Ben-Salha, O. (2014). On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries. Renewable and Sustainable Energy Reviews(39), 14-23.
  • Shahbaz, M., Rasool, G., Ahmed, K., & Mahalik, M. K. (2016). Considering the effect of biomass energy consumption on economic growth: fresh evidence from BRICS region. Renewable and Sustainable Energy Reviews(60), 1442-1450.
  • Silva, P. P., Cerqueira, P. A., & Ogbe, W. (2018). 6-Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL. Energy(156), 45-54.
  • Tuğcu, C. T., & Topçu, M. (2018). Total, renewable and non-renewable energy consumption and economic growth: Revisiting the issue with an asymmetric point of view. (64-74, Dü.) Energy(152).
  • Wang, Z., Danish, Zhang, B., & Wang, B. (2018). 15-Renewable energy consumption, economic growth and human development index in Pakistan: Evidence form simultaneous equation model. Journal of Cleaner Production(184), 1081-1090.
  • Yu, E., & Choi, J. (1985). The causal relationship between energy and GNP: An International Comparison. Journal of Energy Development(10), 249-272.

THE RELATIONSHIP BETWEEN ELECTRIC ENERGY PRODUCED FROM RENEWABLE ENERGY SOURCES AND ECONOMIC GROWTH: DOES HIGHER EMISSION AFFECT?

Year 2021, Issue: 41, 135 - 148, 06.07.2021
https://doi.org/10.35343/kosbed.876445

Abstract

Due to the limited reserves of traditional energy resources and their negative effects on the environment, the use of renewable energy resources is highly important today. For this reason, the use of renewable energy resources has been the field of study for many researchers since the 1990s. The aim of this study is to determine the causal relationship between the electric energy produced from renewable energy sources and economic growth for the period 1990-2015 top five countries (China, India, USA, Japan, Russia) which emit highest carbon dioxide among others. Empirical findings support that the neutrality hypothesis is valid in India and Russia between electrical energy generated from renewable energy sources and gross domestic product. The results prove that the conservation hypothesis is valid in China and Japan, and the feedback hypothesis is valid in the USA.

References

  • Adams, S., Klobodu, E. K., & Apio, A. (2018). Renewable and non-renewable energy, regime type and economic growth. Renewable Energy(125), 755-767.
  • Ahmadov, A. K., & Borg, C. v. (2019). Do natural resources impede renewable energy production in the EU: A mixed-methods analysis. Energy Policy(126), 361-369.
  • Alola, A. A., Bekun, F. V., & Sarkodie, S. A. (2019). Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. Science of the Total Environment(685), 702-709.
  • Amri, F. (2016). The relationship amongst energy consumption,foreign direct investment and output in developed and developing Countries. RenewableandSustainableEnergyReviews(64), 694-702.
  • Apergis, N., & Payne, J. E. (2010). Renewable energy consumption and economic growth Evidence from a panel of OECD countries. Energy Policy(38), 656-660.
  • Apergis, N., Payne, J., Menyah, K., & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics(69), 2255-2260.
  • Aslan, A., & Öcal, O. (2016). The role of renewable energy consumption in economic growth:Evidence from asymmetric causality. Renewable and Sustainable Energy Reviews(60), 953-959.
  • Bulut, U., & Muratoğlu, G. (2018). Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus. Energy Policy(123), 240-250.
  • Cerdeira, J. P., & Moutinho, V. (2016). CO2 emissions, non-renewable and renewable electricity production, economic growth, and international trade in Italy. Renewable and Sustainable Energy Reviews(55), 142-155.
  • Chang, T., Gupta, R., Inglesi-Lotz, R., Simo-Kengne, B. D., Smithers, D., & Trembling, A. (2015). Renewable energy and growth : evidence from heterogeneous panel of G7 countries using Granger causality. Renewable and Sustainable Energy Reviews(52), 1405-1412.
  • Charemza, W., & Deadman, D. (1993). New directions in econemetric pratice. United Kingdom: Edward Elgar. Charfeddine, L., & Kahia, M. (2019). Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis. Renewable Energy, 138(C), 198-213.
  • Chen, Y., Wang, Z., & Zhang, Z. (2019). CO2 emissions, economic growth, renewable and non-renewable energy production and foreign trade in China. Renewable Energy(131), 208-216.
  • Destek, M. A., & Alper, A. (2017). Renewable and non-renewable energy consumption and economic growth in emerging economies: Evidence from bootstrap panel causality. Renewable Energy(111), 757-763.
  • Destek, M. A., & Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth,trade openness and ecological footprint: Evidence from organisationfor economic Co-operation and development countries. Journal of Cleaner Production(242), 118537.
  • Dickey, D., & Fuller, W. A. (1979). Distribution of the estimators of autoregressive time series with a unit root. journal of The American Statistical Association(74), 427-431.
  • Dickey, D., & Fuller, W. A. (1981). Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica(49), 1057-1072.
  • Doğan, E. (2015). The relationship between economic growth and electricity consumption from renewable and non-renewable sources: A study of Turkey. Renewable and Sustainable Energy Reviews(52), 534-546.
  • Dong, K., Hochman, G., Zhang, Y., Sun, R., Li, H., & Liao, H. (2018). CO2 emissions, economic and population growth, and renewable energy: Empirical evidence across regions. Energy Economics(75), 180-192.
  • Erdoğan, S., Düzcan, E., Şentürk, M., & Şentürk, A. (2018). Empırıcal results on renewable energy productıon and economıc growth relatıons in Turkey. Ömer Halis Demir University Journal of Faculty of Economics and Administrative Sciences, 11(2), 233-246.
  • Eren, B. M., Gokmenoglu, K. K., & Taşpınar, N. (2019). The impact of financial development and economic growth on renewable energy consumption: Empirical analysis of India. Science of the Total Environment(663), 189-197.
  • Fan, W., & Hao, Y. (2020). An empirical research on the relationship amongst renewable energy consumption, economic growth and foreign direct investment in China. Renewable Energy(146), 598-609.
  • Fang, Y. (2011). Economic welfare impacts from renewable energy consumption: the China experience. Renewable and sustainable energy Reviews, 15(9), 5120-5128.
  • Glasure, Y. U., & Lee, A.-R. (1998). Cointegration, error-correction, and the relationship between GDP and energy: The case of South Korea and Singapore. Resource and Energy Economics, 20(1), 17-25.
  • Global Carbon Atlas (2019). Erişim Tarihi: 06.02.2021 http://www.globalcarbonatlas.org/en/CO2-emissions. Granger, C. W. (1969). Investigating Causal Relations by Econometric Models and Cross-spectral Methods. Econometrica, 37(3), 424-438.
  • Halıcıoğlu, F., & Ketenci, N. (2018). Output, renewable and non-renewable energy production, and international trade: Evidence from EU-15 countries. Energy(159), 995-1002.
  • Ibrahiem, D. M. (2015). Renewable electricity consumption, foreign direct investment and economic growth in Egypt: An ARDL approach. Procedia Economics and Finance(30), 313-323.
  • Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit root in heterogeneous panels. Journal Econometrics(1), 53-74.
  • Kao, C. (1999). Spurious Regression and Residual-Based Tests for Cointegration in Panel Data. Journal of Econometrics(90), 1-44.
  • Kesbic, C. Y., & Er, A. S. (2017). Renewable relationship between energy consumption and economic growth: A panel data analysis for the EU countries and Turkey. Journal of Economic Policy Researches, 4(2), 135-154.
  • Koç, S. & Saidmurodov, S. (2018). Orta Asya Ülkelerinde Elektrik Enerjisi, Doğrudan Yabancı Yatırımı ve Ekonomik Büyüme İlişkisi. Ege Akademik Bakış. 18(2), 321-328.
  • Levin, A., Lin, C. F., & Chu, C. S. (2002). Panel data: asymptotic and finite sample properties. Journal Econometrics 1, 1-24.
  • Liu, Y., & Hao, Y. (2018). The dynamic links between CO2 emissions, energy consumption and economic development in the countries along “the Belt and Roat". Science of the Total Environment(345), 674-683.
  • Luqman, M., Ahmad, N., & Bakhsh, K. (2019). Nuclear energy, renewable energy and economic growth in Pakistan Evidence from non-linear autoregressive distributed lag model. Renewable Energy(139), 1299-1309.
  • Mahmoodi, M., & Mahmoodi, E. (2011). Renewable Energy Consumption and Economic Growth: The Case of 7 Asian Developing Countries. American Journal of Scientific Research(35), 146-152.
  • Menegaki, A. N. (2011). Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis. Energy Economics, 33(2), 257-263.
  • Mutascu, M. (2016). A bootstrap panel Granger causality analysis of energy consumption and economic growth in the G7 countries. Renewable and Sustainable Energy Reviews(63), 166-171.
  • Öncel, A., Kırca, M., & İnal, V. (2017). Relationship Between Electricity Consumption and Economic Growth:Time-varying Panel Causality Analysis for OECD Countries. Journal of Finance July-December(178), 398-420.
  • Özcan, B., & Öztürk, İ. (2019). Renewable energy consumption-economic growth nexus in emerging countries: A bootstrap panel causality test. Renewable and Sustainable Energy Reviews, 104(C), 30-37.
  • Papiez, M., Smiech, S., & Fradyma, K. (2019). 8-Effects of renewable energy sector development on electricity consumption – Growth nexus in the European Union. Renewable and Sustainable Energy Reviews(113), 109276.
  • Pedroni, P. (2000). Fully modified OLS for heterogeneous cointegrated panels. Advances in Econometrics(15), 93-130.
  • Qiao, H., Zheng, F., Jiang, H., & Dong, K. (2019). The greenhouse effect of the agriculture-economic growth-renewable energy nexus: Evidence from G-20 countries. Science of the Total Environment(671), 722-731.
  • Sadorsky, P. (2009). Renewable energy consumption and income in emerging economies. Energy Policy, 10, 4021-4028.
  • Sarı, R., Ewing, B. T., & Soytaş, U. (2008). The relationship between disaggregate energy consumption and industrial production in the United States: an ARDL approach. Energy Economics(30), 2302-2313.
  • Sebri, M., & Ben-Salha, O. (2014). On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries. Renewable and Sustainable Energy Reviews(39), 14-23.
  • Shahbaz, M., Rasool, G., Ahmed, K., & Mahalik, M. K. (2016). Considering the effect of biomass energy consumption on economic growth: fresh evidence from BRICS region. Renewable and Sustainable Energy Reviews(60), 1442-1450.
  • Silva, P. P., Cerqueira, P. A., & Ogbe, W. (2018). 6-Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL. Energy(156), 45-54.
  • Tuğcu, C. T., & Topçu, M. (2018). Total, renewable and non-renewable energy consumption and economic growth: Revisiting the issue with an asymmetric point of view. (64-74, Dü.) Energy(152).
  • Wang, Z., Danish, Zhang, B., & Wang, B. (2018). 15-Renewable energy consumption, economic growth and human development index in Pakistan: Evidence form simultaneous equation model. Journal of Cleaner Production(184), 1081-1090.
  • Yu, E., & Choi, J. (1985). The causal relationship between energy and GNP: An International Comparison. Journal of Energy Development(10), 249-272.
There are 49 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Articles
Authors

Tuğba Koyuncu 0000-0002-2721-1313

Mustafa Kemal Beşer 0000-0002-9988-1965

Publication Date July 6, 2021
Published in Issue Year 2021 Issue: 41

Cite

APA Koyuncu, T., & Beşer, M. K. (2021). YENİLENEBİLİR ENERJİ KAYNAKLARINDAN SAĞLANAN ELEKTRİK ENERJİSİ ÜRETİMİ VE EKONOMİK BÜYÜME İLE İLİŞKİSİ: YÜKSEK EMİSYON ETKİLİ Mİ?. Kocaeli Üniversitesi Sosyal Bilimler Dergisi, 1(41), 135-148. https://doi.org/10.35343/kosbed.876445

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