Renewable energy and economic growth relationship under the oil reserve ownership: Evidence from panel VAR approach

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dc.authoridASLAN, Alper/0000-0003-1408-0921
dc.authoridOCAL, Oguz/0000-0002-5729-7218
dc.contributor.authorAslan, Alper
dc.contributor.authorOcal, Oguz
dc.contributor.authorOzsolak, Baki
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2025-03-07T20:12:56Z
dc.date.available2025-03-07T20:12:56Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractThis study aims to explore the relationship among economic growth, CO2 emissions, fossil fuels consumption, renewable energy consumption, foreign direct investments, and trade by taking into account countries with oil reserves (export groups) and countries without oil reserves (import group). The factors affecting CO2 emissions in countries with and without oil production have been investigated by using Panel VAR (PVAR) and Granger causality methods for the period of 1990-2015. In both country groups, growth positively affects CO2 emissions. While there is a negative relationship between CO2 emission and foreign direct investments in the oil importing country group, there is a positive relationship between CO2 and trade in the oil-exporting group. PVAR analysis results illustrate that the growth hypothesis is valid in both groups of countries. In addition, when both country group examined, the countries sacrifice their national income to reduce carbon emissions, which makes it difficult to reduce emissions in the world. According to the variance decomposition results, while the CO2 variable defines itself as 98% for oil importing countries, the second important variable that pollutes the air is GDP. In addition, the variables FDI, REN and FOSSIL affect air pollution by 4% over a 10-year period.(c) 2022 Elsevier Ltd. All rights reserved.
dc.identifier.doi10.1016/j.renene.2022.02.039
dc.identifier.endpage410
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85124953999
dc.identifier.scopusqualityQ1
dc.identifier.startpage402
dc.identifier.urihttps://doi.org/10.1016/j.renene.2022.02.039
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2820
dc.identifier.volume188
dc.identifier.wosWOS:000780024400007
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofRenewable Energy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectCO2
dc.subjectPVAR
dc.subjectGrowth
dc.subjectRenewable energy consumption
dc.subjectFossil fuel consumption
dc.subjectOil reserves
dc.titleRenewable energy and economic growth relationship under the oil reserve ownership: Evidence from panel VAR approach
dc.typeArticle

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