Causal Relationship Between Renewable Energy Consumption and Economic Growth: The Case of Turkey

Sidar Atalay Şimşek

Makale detayları

Causal Relationship Between Renewable Energy Consumption and Economic Growth: The Case of Turkey

Yazarlar:

Sidar Atalay Şimşek

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme

Dergi:

Politik Ekonomik Kuram Vol.8 Issue 2, pp.425-433

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001319926

pISSN:

2587-2567

Anahtar kelimeler:

Özet:

 Energy, one of the raw materials of economic growth, has become an issue that needs to be taken into consideration in achieving the sustainable growth target. It is important to minimize the damage to the ecological environment while achieving economic growth. For this reason, effective and efficient use of renewable energy resources is needed for sustainable growth. In this study, the causality analysis between renewable energy consumption and growth in Turkey between 1995 and 2018 was examined. In this study, firstly, unit root tests were performed for all variables to test the stationarity of the series. Information criterion was used to determine the optimal delay length. Hypothesis tests were applied whether the Vector AutoRegressive VAR model would be used or not. In this context, the Autocorrelation LM test was applied to determine the absence of the autocorrelation problem, which is the first assumption. White Heteroskedasticity test was used to analyze the second assumption, which is the absence of heteroskedasticity. For assumption tests, finally the parameter stability test was tested with the AR Roots test. Causality testing between the variables subject to analysis was also carried out with the VAR Granger Causality test. With the VAR Granger Causality test, a unidirectional causality from renewable energy consumption to economic growth was detected in the short term. As a result of the findings, the validity of the growth hypothesis in Turkey between 1995 and 2018 is in question. Therefore, it is important to support policies to replace traditional energy sources with renewable energy sources in Türkiye.

 Energy, one of the raw materials of economic growth, has become an issue that needs to be taken into consideration in achieving the sustainable growth target. It is important to minimize the damage to the ecological environment while achieving economic growth. For this reason, effective and efficient use of renewable energy resources is needed for sustainable growth. In this study, the causality analysis between renewable energy consumption and growth in Turkey between 1995 and 2018 was examined. In this study, firstly, unit root tests were performed for all variables to test the stationarity of the series. Information criterion was used to determine the optimal delay length. Hypothesis tests were applied whether the Vector AutoRegressive VAR model would be used or not. In this context, the Autocorrelation LM test was applied to determine the absence of the autocorrelation problem, which is the first assumption. White Heteroskedasticity test was used to analyze the second assumption, which is the absence of heteroskedasticity. For assumption tests, finally the parameter stability test was tested with the AR Roots test. Causality testing between the variables subject to analysis was also carried out with the VAR Granger Causality test. With the VAR Granger Causality test, a unidirectional causality from renewable energy consumption to economic growth was detected in the short term. As a result of the findings, the validity of the growth hypothesis in Turkey between 1995 and 2018 is in question. Therefore, it is important to support policies to replace traditional energy sources with renewable energy sources in Türkiye.

 Energy, one of the raw materials of economic growth, has become an issue that needs to be taken into consideration in achieving the sustainable growth target. It is important to minimize the damage to the ecological environment while achieving economic growth. For this reason, effective and efficient use of renewable energy resources is needed for sustainable growth. In this study, the causality analysis between renewable energy consumption and growth in Turkey between 1995 and 2018 was examined. In this study, firstly, unit root tests were performed for all variables to test the stationarity of the series. Information criterion was used to determine the optimal delay length. Hypothesis tests were applied whether the Vector AutoRegressive VAR model would be used or not. In this context, the Autocorrelation LM test was applied to determine the absence of the autocorrelation problem, which is the first assumption. White Heteroskedasticity test was used to analyze the second assumption, which is the absence of heteroskedasticity. For assumption tests, finally the parameter stability test was tested with the AR Roots test. Causality testing between the variables subject to analysis was also carried out with the VAR Granger Causality test. With the VAR Granger Causality test, a unidirectional causality from renewable energy consumption to economic growth was detected in the short term. As a result of the findings, the validity of the growth hypothesis in Turkey between 1995 and 2018 is in question. Therefore, it is important to support policies to replace traditional energy sources with renewable energy sources in Türkiye.

 Öz: Ekonomik büyümenin ham maddelerinden biri olan enerji, sürdürülebilir büyüme hedefinin sağlanması noktasında dikkate alınması gereken bir konu olmuştur. Ekonomik büyüme gerçekleştirilirken ekolojik çevreye verilen zararın en aza indirilmesi önem arz etmektedir. Bu sebeple sürdürülebilir büyüme için yenilenebilir enerji kaynaklarının etkin ve verimli kullanımına ihtiyaç duyulmaktadır. Bu çalışmada Türkiyede 1995-2018 yılları arasında yenilenebilir enerji tüketimi ile büyüme arasındaki nedensellik analizi incelenmiştir. Çalışmada ilk olarak serilerin durağanlığını test etmek amacıyla bütün değişkenlere ait birim kök sınaması yapılmıştır. Optimal gecikme uzunluğunu belirlemek için bilgi kriteri kullanılmıştır. Vector AutoRegresif VAR modelinin kullanılıp kullanılmayacağı varsayım testleri uygulanmıştır. Bu çerçevede ilk varsayım olan otokorelasyon sorununun olmamasının tespiti için Otokorelasyon LM testi uygulanmıştır. İkinci varsayım olan değişen varyansın olmamasının analizi için White Heteroskedasticity testi kullanılmıştır. Varsayım testleri için son olarak parametre istikrar testi AR Roots testi ile sınanmıştır. VAR Granger Nedensellik testiyle de analize konu olan değişkenler arasındaki nedensellik sınaması yapılmıştır. VAR Granger Nedensellik testiyle, kısa dönemde, yenilenebilir enerji tüketiminden ekonomik büyümeye doğru tek yönlü bir nedensellik tespit edilmiştir. Elde edilen bulgular sonucunda Türkiyede 1995-2018 yılları arasında büyüme hipotezinin geçerliliği söz konusudur. Dolayısıyla Türkiyede geleneksel enerji kaynaklarının yenilenebilir enerji kaynaklarıyla değiştirilmesine yönelik politikaların desteklenmesi önem arz etmektedir.

Makale detayları

Causal Relationship Between Renewable Energy Consumption and Economic Growth: The Case of Turkey

Yazarlar:

Sidar Atalay Şimşek

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme

Dergi:

Politik Ekonomik Kuram Vol.8 Issue 2, pp.425-433

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001319926

pISSN:

2587-2567

Energy

Economic Growth

Causality Test

TürkiyeYenilenebilir Enerji

Ekonomik Büyüme

Nedensellik Testi

Türkiye

Sayı

Makale detayları

Yazarlar: Sidar Atalay Şimşek

Yayıncı: Ahmet Arif EREN

Ana Başlıklar: Büyüme

Dergi: Politik Ekonomik Kuram Vol.8 Issue 2, pp.425-433

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001319926

pISSN: 2587-2567

Sayı

Yazarlar:

Sidar Atalay Şimşek

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Büyüme

Dergi:

Politik Ekonomik Kuram Vol.8 Issue 2, pp.425-433

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001319926

pISSN:

2587-2567