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Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan

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  • Teymur Sarkhanov

    (Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan)

  • Nigar Huseynli

    (Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; PhD Candidate Sakarya University, Sakarya, Turkey.)

Abstract

Finding renewable resources against depleted resources has become very important in almost every field. Especially in the energy sector, the availability of renewable energy sources is of great importance. The aim of this study is to measure the effect of the renewable energy sector of Kazakhstan and Kyrgyzstan, which are selected Turkish states, on the growth of the economy. The data included in the analysis cover the period from 1996 to 2018. The variables included in the analysis as economic growth and renewable energy consumption were subjected to a series of assumption tests. As a final step, a conclusion was reached by applying regression analysis. It has been determined that there is a positive relationship between the economic growth in both countries and the renewable energy consumed in this country.

Suggested Citation

  • Teymur Sarkhanov & Nigar Huseynli, 2022. "Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 163-167, November.
    • Handle: RePEc:eco:journ2:2022-06-21
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    References listed on IDEAS

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    Cited by:

    1. Bahman Huseynli, 2023. "Effect of Exports of Goods and Services and Energy Consumption in Italy`s Service Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 254-261, May.
    2. Heru Wahyudi & Ukhti Ciptawaty & Arivina Ratih & Ahmad Dhea Pratama, 2023. "Comparison of Renewable and Non-Renewable Energy in the Long and Short Term of Indonesia Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 194-201, September.
    3. Saken Ualikhanovich Abdibekov & Bauyrzhan Susaruly Kulbay & Yelena Evgenevna Gridneva & Gulnar Shaimardanovna Kaliakparova & Tolendi Aripbaevich Ashimbayev & Gulmira Amangeldiyevna Perneyeva, 2023. "The Relationship between the Share of Renewable Energy in Total Energy Consumption and Economic Growth: Kazakhstan and Turkiye Comparision," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 24-30, September.

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    More about this item

    Keywords

    GDP; renewable energy; economic growth; energy;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • A10 - General Economics and Teaching - - General Economics - - - General

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