The human development relies on renewable energy: evidence from Turkey
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Dosyalar
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The aim of this research is to provide empirical evidence on the
relationship between human development and renewable energy. The time-series data
are collected over the period 1992-2015 for the case of Turkey. Turkey is observed since
it is considered to be one of the fastest growing energy markets in the world. In
addition, Turkey reports impressive growth in terms of human development. In order
to conduct empirical research we have applied time-series econometrics including
Johansen test for cointegration and Granger causality test. The stationarity of variables
is also tested. The Johansen cointegration test confirms that the null hypothesis on no
co-integration (r = 0) is rejected by both the maximum eigenvalue and trace statistics.
This indicates the existence of a long-run equilibrium relationship between economic
terms of interest. Additionally, Granger causality test reports a unidirectional
relationship between the economic terms of interest clearly indicating that renewable
energy tends to contribute to human development. Human development is not found
to foster the renewable energy in terms of Turkey. The findings of this paper suggest
that Turkish decision makers need to make a stronger effort in order to foster
renewable energy since it is found to have a significant contribution to the main
dimensions of human development.
Açıklama
Anahtar Kelimeler
Causal relationship, cointegration, Human development, Renewable energy
Kaynak
International Energy & Engineering Congress Proceedings
WoS Q DeÄŸeri
Scopus Q DeÄŸeri
Cilt
Sayı
Künye
Satrovic, Elma.The human development relies on renewable energy: evidence from Turkey.International Energy & Engineering Congress Proceedings,19-27.
