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The Role of Energy in Sustainable Growth: Turkey's Resource Abundance-Energy Scarcity Paradox

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  • Fatma Rabia Aktaş Şenkardeşler

    (Beykoz University)

Abstract

Renewable energy resources have become important for all countries due to the fact that fossil fuels, which are disproportionately distributed around the world, will one day run out and they cause damage to the environment. The aim of this study is to prove empirically that Turkey does not make enough use of its own energy potential and therefore its growth can not be sustainable because it continues to produce with inert capacity. For this purpose, the causal relationship between electricity consumption and economic growth was investigated. According to the results of the Granger causality test, it was found that there was no causal relationship between net electricity consumption and economic growth rates in Turkey during the period studied.

Suggested Citation

  • Fatma Rabia Aktaş Şenkardeşler, 2021. "The Role of Energy in Sustainable Growth: Turkey's Resource Abundance-Energy Scarcity Paradox," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 36(Special2), pages 145-172, January.
    • Handle: RePEc:acc:malfin:v:36:y:2021:i:special2:p:145-172
    DOI: https://doi.org/10.33203/mfy.844003
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    More about this item

    Keywords

    Sustainable Growth; Renewable Energy; Electricity; Error Correction Model; Causality;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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