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The Role of Renewable Energy Generation in Sustainable Economic Growth: The Case of Turkey

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  • Ramazan ÖZBEK
  • Şükrü APAYDIN

Abstract

Energy is a crucial factor in both the production and consumption process. It is a critical component not only for economic growth but also for social, technological, and environmental issues. With the events and facts in these areas in the last fifty years, the importance of the energy factor has more increased, and the search for alternative energy sources has accelerated. Thus, renewable energy sources have started more preferred by considering sustainable growth goals. This study aims to investigate the role of renewable energy generation on economic growth for the period of 1990-2017. In the study conducted using the Autoregressive Distributed Lag (ARDL) method, gross domestic product, capital stock, employment, and renewable energy generation data of Turkey were employed. According to the findings, increases in capital stock, employment, and renewable energy production affect economic growth positively.

Suggested Citation

  • Ramazan ÖZBEK & Şükrü APAYDIN, 2020. "The Role of Renewable Energy Generation in Sustainable Economic Growth: The Case of Turkey," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 3.
    • Handle: RePEc:fis:journl:200302
    DOI: 10.25295/fsecon.761992
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    JEL classification:

    • L70 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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