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Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus       
Yazarlar
Prof. Dr. Ümit BULUT Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye
Gönül Muratoğlu
Ankara Hacı Bayram Veli Üniversitesi, Türkiye
Özet
Concerns about the exhaustion of fossil energy sources, energy security problems, and increasing environmental problems have led policy makers to pay greater attention to renewable energy sources all over the world. Additionally, high current account deficits stemming from energy import dependency make substitution of fossil energy with renewable energy a necessity for Turkey. Although Turkey has a great potential in terms of renewable energy, it has not begun to utilize this great potential until recent years. However, Turkey has many motives to utilize renewable energy further. This paper aims to investigate whether renewable energy consumption raises GDP in Turkey. For this purpose, the paper uses data spanning the period 1990–2015 and employs cointegration and causality tests which can present efficient output in small samples. The findings indicate that GDP is not related to renewable energy consumption and there is no causality between GDP and renewable energy consumption in Turkey. In conclusion, the paper argues that these findings may stem from the low share of renewable energy in total energy and Turkey needs to utilize renewable energy sources further to (i) meet energy needs for economic activities, (ii) mitigate environmental problems, and (iii) reduce energy import dependency and current account imbalances.
Anahtar Kelimeler
Cointegration and causality tests | Economic growth | Energy import dependency | Non-renewable and renewable energy sources | Turkey
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı ENERGY POLICY
Dergi ISSN 0301-4215
Dergi Tarandığı Indeksler SSCI
Dergi Grubu Q1
Makale Dili İngilizce
Basım Tarihi 12-2018
Cilt No 123
Sayı 1
Sayfalar 240 / 250
Doi Numarası 10.1016/j.enpol.2018.08.057
Makale Linki https://www.sciencedirect.com/science/article/abs/pii/S030142151830586X