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Renewable Energy Consumption and Economic Growth in Turkey. An ARDL Bounds Testing Approach

Author

Listed:
  • Hlalefang Khobai

    (Department of Economics, Nelson Mandela University)

Abstract

The study purposes to investigate the relationship between renewable energy consumption and economic growth in Turkey using annual data covering the period 1990–2014. The Autoregressive Distributed Lag (ARDL) model is applied and the findings suggest existence of a long run relationship among the variables. The ARDL long run estimation results discovered that renewable energy consumption has a positive and significant effect on economic growth. The results from the Vector Error Correction Model (VECM) reveals that there is a unidirectional causality flowing from economic growth to renewable energy consumption without feedback. This findings bring a fresh perspective for policy makers for long run and sustainable economic development in Turkey.

Suggested Citation

  • Hlalefang Khobai, 2018. "Renewable Energy Consumption and Economic Growth in Turkey. An ARDL Bounds Testing Approach," Working Papers 1807, Department of Economics, Nelson Mandela University, revised Feb 2018.
    • Handle: RePEc:mnd:wpaper:1807
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    File URL: http://repec.mandela.ac.za/RePEc/mnd/wpaper/paper.1807.pdf
    File Function: First version, 2018
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    More about this item

    Keywords

    Renewable energy consumption; Economic growth; Causality; Turkey;
    All these keywords.

    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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