THE NEXUS BETWEEN ENERGY POVERTY AND ECONOMIC GROWTH IN NEW INDUSTRIALIZING COUNTRIES (N11)

Yusuf Kemal Öztürk; Bekir Çelik

Makale detayları

THE NEXUS BETWEEN ENERGY POVERTY AND ECONOMIC GROWTH IN NEW INDUSTRIALIZING COUNTRIES (N11)

Yazarlar:

Yusuf Kemal Öztürk | Bekir Çelik

Yayıncı:

Erciyes University

Dergi:

Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Issue 64, pp.47-51

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288010

pISSN:

1301-3688

Anahtar kelimeler:

Özet:

 Energy is an important tool for countries to achieve their economic growth goal. Access to energy is among the main issues of industrialization. Therefore, analyzing the relationship of newly industrialized countries N11 with energy poverty and economic growth constitutes the main purpose of this study. Data of N11 countries for the period 2000-2019; was investigated using Westerlund panel cointegration, FMOLS Fully modified ordinary least squares, DOLS Dynamic ordinary least squares and Dumitrescu-Hurlin causality tests. According to the result, a cointegration relationship was determined between energy poverty and economic growth. An 1 increase in energy poverty will increase economic growth by 0.45 FMOLS and 0.34 DOLS. Finally, the hypothesis that there is bidirectional causality between energy poverty and economic growth valid and statistically significant. Based on these results, in order to reduce energy poverty; has been made recommendations to policy makers on increasing renewable energy resources and using the energy obtained effectively and efficiently.

 Energy is an important tool for countries to achieve their economic growth goal. Access to energy is among the main issues of industrialization. Therefore, analyzing the relationship of newly industrialized countries N11 with energy poverty and economic growth constitutes the main purpose of this study. Data of N11 countries for the period 2000-2019; was investigated using Westerlund panel cointegration, FMOLS Fully modified ordinary least squares, DOLS Dynamic ordinary least squares and Dumitrescu-Hurlin causality tests. According to the result, a cointegration relationship was determined between energy poverty and economic growth. An 1 increase in energy poverty will increase economic growth by 0.45 FMOLS and 0.34 DOLS. Finally, the hypothesis that there is bidirectional causality between energy poverty and economic growth valid and statistically significant. Based on these results, in order to reduce energy poverty; has been made recommendations to policy makers on increasing renewable energy resources and using the energy obtained effectively and efficiently.

 Energy is an important tool for countries to achieve their economic growth goal. Access to energy is among the main issues of industrialization. Therefore, analyzing the relationship of newly industrialized countries N11 with energy poverty and economic growth constitutes the main purpose of this study. Data of N11 countries for the period 2000-2019; was investigated using Westerlund panel cointegration, FMOLS Fully modified ordinary least squares, DOLS Dynamic ordinary least squares and Dumitrescu-Hurlin causality tests. According to the result, a cointegration relationship was determined between energy poverty and economic growth. An 1 increase in energy poverty will increase economic growth by 0.45 FMOLS and 0.34 DOLS. Finally, the hypothesis that there is bidirectional causality between energy poverty and economic growth valid and statistically significant. Based on these results, in order to reduce energy poverty; has been made recommendations to policy makers on increasing renewable energy resources and using the energy obtained effectively and efficiently.

 Ülkelerin ekonomik büyüme hedeflerini gerçekleştirmelerinde enerji önemli bir araçtır. Enerjiye erişim, endüstrileşmenin temel konuları arasındadır. Dolayısıyla yeni sanayileşen ülkelerin N11 enerji yoksulluğu ile ekonomik büyüme ilişkisinin incelenmesi bu çalışmanın temel amacını oluşturmaktadır. N11 ülkelerinin 2000-2019 dönemine ait verileri; Westerlund panel eşbütünleşme, FMOLS Fully modified ordinary least squares, DOLS Dynamic ordinary least squares ve Dumitrescu-Hurlin nedensellik testleri kullanılarak incelenmiştir. Yapılan analizler sonucunda, enerji yoksulluğu ile ekonomik büyüme arasında eşbütünleşme ilişkisi tespit edilmiştir. Enerji yoksulluğunda yaşanacak 1lik artışın ekonomik büyümeyi 0.45 FMOLS, 0.34 DOLS artıracağı tespit edilmiştir. Son olarak, enerji yoksulluğu ve ekonomik büyüme arasında çift yönlü nedensellik vardır hipotezi istatistiki olarak anlamlı bulunmuştur. Bu sonuçlardan hareketle, enerji yoksulluğunun azaltılması adına; yenilebilir enerji kaynaklarının artırılması, elde edilen enerjinin etkin ve verimli kullanılması konusunda politika yapıcılara önerilerde bunulmuştur.

Makale detayları

THE NEXUS BETWEEN ENERGY POVERTY AND ECONOMIC GROWTH IN NEW INDUSTRIALIZING COUNTRIES (N11)

Yazarlar:

Yusuf Kemal Öztürk | Bekir Çelik

Yayıncı:

Erciyes University

Dergi:

Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Issue 64, pp.47-51

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288010

pISSN:

1301-3688

Energy poverty

economic growth

N11 countriesEnerji yoksulluğu

ekonomik büyüme

N11 ülkeleri

Energy poverty

economic growth

N11 countries

Sayı

Makale detayları

Yazarlar: Yusuf Kemal Öztürk | Bekir Çelik

Yayıncı: Erciyes University

Dergi: Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Issue 64, pp.47-51

Belge Tipi: Makale

Yayın Tarihi: 4/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001288010

pISSN: 1301-3688

Sayı

Yazarlar:

Yusuf Kemal Öztürk | Bekir Çelik

Yayıncı:

Erciyes University

Dergi:

Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Issue 64, pp.47-51

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288010

pISSN:

1301-3688