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Research and Development Expenditures and Renewable Energy: An Empirical Analysis in Türkiye

Author

Listed:
  • Bahman Huseynli

    (PhD Candidate, Department of Business Administration, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; & Head of Division of Labor Market Analysis, Department of Labor Market Analysis, Azerbaijan Public Employment Agency, Baku, Azerbaijan.)

Abstract

In recent years, the increase in imported energy demand in Turkey significantly increases the current account deficit. In developing countries such as Turkey, foreign dependence on energy resources such as oil and natural gas, which is necessary for the realization of production, causes the current account deficit to increase. In this context, turning to renewable energy sources and increasing the amount of energy obtained from these sources is one of the alternatives to get rid of Turkey`s dependence on foreign energy in terms of energy. The aim of this study is to examine the relationship between renewable energy consumption and research and development (R&D) expenditures in Turkey for the period 1998-2021 and to determine to what extent these variables affect each other. In the study, Granger causality analysis was applied using renewable energy consumption and R&D expenditure data. According to the findings obtained in the study, a unilateral causality relationship was determined from renewable energy consumption to R&D expenditures.

Suggested Citation

  • Bahman Huseynli, 2023. "Research and Development Expenditures and Renewable Energy: An Empirical Analysis in Türkiye," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 179-184, November.
    • Handle: RePEc:eco:journ2:2023-06-19
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    References listed on IDEAS

    as
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    4. Adedoyin, Festus Fatai & Bekun, Festus Victor & Alola, Andrew Adewale, 2020. "Growth impact of transition from non-renewable to renewable energy in the EU: The role of research and development expenditure," Renewable Energy, Elsevier, vol. 159(C), pages 1139-1145.
    5. Alvarez-Herranz, Agustin & Balsalobre-Lorente, Daniel & Shahbaz, Muhammad & Cantos, José María, 2017. "Energy innovation and renewable energy consumption in the correction of air pollution levels," Energy Policy, Elsevier, vol. 105(C), pages 386-397.
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    Keywords

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    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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