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- Title
GELİŞMEKTE OLAN ÜLKELERDE YENİLENEBİLİR-YENİLENEMEYEN ENERJİ TÜKETİMİNİN EKONOMİK BÜYÜMEYE ETKİSİ: SAKLI EŞBÜTÜNLEŞME YAKLAŞIMI.
- Authors
KAPÇAK, Servet
- Abstract
Energy has been one of the main factors that human beings have been dealing with since the early periods of human history. With the industrial revolution, its importance has increased and it has played an important role in the industrialization of countries. Energy, which is one of the main sources of sustainable growth, has not been evaluated as a production input by not being considered by traditional economic movements. However, after 1970, the economists in the ecological economics approach which is a new economic theory, evaluated energy as the primary source of economic growth. As a result of the exhaustible nature of non-renewable energy resources, which became crucial to every sector of the economy after the oil crisis, and their adverse effects on the environment, many countries have amended their energy policies and shifted towards renewable energy resources. These sources are abundant, clean, affordable, and environmentally friendly. In this study, the asymmetric relationship between renewable, nonrenewable energy consumption and economic growth in the selected mid-high income economies such as China, Peru, Indonesia, Thailand, Colombia, Ecuador and Brazil has been analysed over the period of 1965-2018. DF-GLS, KPSS and Ng-Perron unit root analyzed were performed and the variables were found to be stationary in the first difference. The long-term relationship between the variables was analyzed by using the hidden cointegration test, which is one of the new generation tests. Causality relations were examined by using asymmetric causality test based on crouching error-correction model. The relationship between the different components was determined in the sample group and appropriate policy proposals were presented.
- Subjects
ECOLOGICAL economics; ENERGY economics; ENERGY consumption; ECONOMIC expansion; COINTEGRATION
- Publication
Journal of the Cukurova University Institute of Social Sciences, 2023, Vol 32, Issue 2, p409
- ISSN
1304-8880
- Publication type
Article
- DOI
10.35379/cusosbil.1240166