Journals / Sosyoekonomi / 2021 / Cilt: 29 - Sayı: 47

Electricity Generation - Economic Growth - Environmental Pollution: VECM Analysis for Turkey

Elektrik Üretimi - Ekonomik Büyüme - Çevre Kirliliği: Türkiye İçin VECM Analizi

Pages
267–284
Publication Date
2021-01-25
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results indicate that (i) there is a cointegration relationship between the variables, (ii) the conservation hypothesis seems valid in terms of fossil and renewable electricity generation in the long term, (iii) rise in carbon dioxide emissions increases renewable electricity generation more than fossil-derived electricity generation, (iv) according to the substitutive relationship of resources used in electricity generation, rise in fossil-based electricity generation reduces renewable electricity generation much more.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of the article is to examine the relations of fossil and renewable electricity generation in Turkey with economic growth and environmental pollution in the period 1990-2017.
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Key Findings & Data:JohansenJuselius (1990) cointegration test and VECM causality analysis were followed to determine the relationships between variables.
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Conclusion & Impact:The results indicate that (i) there is a cointegration relationship between the variables, (ii) the conservation hypothesis seems valid in terms of fossil and renewable electricity generation in the long term, (iii) rise in carbon dioxide emissions increases renewable electricity generation more than fossil-derived electricity generation, (iv) according to the substitutive relationship of resources used in electricity generation, rise in fossil-based electricity generation reduces renewable electricity generation much more.
🔬Design:Research Article
📍Scope:2017 Verileri
⚙️Variables:Ekonomik Büyüme · Yenilenebilir Elektrik Üretimi · Fosil Kaynaklı Elektrik Üretimi

Abstract

The aim of the article is to examine the relations of fossil and renewable electricity generation in Turkey with economic growth and environmental pollution in the period 1990-2017. JohansenJuselius (1990) cointegration test and VECM causality analysis were followed to determine the relationships between variables. The results indicate that (i) there is a cointegration relationship between the variables, (ii) the conservation hypothesis seems valid in terms of fossil and renewable electricity generation in the long term, (iii) rise in carbon dioxide emissions increases renewable electricity generation more than fossil-derived electricity generation, (iv) according to the substitutive relationship of resources used in electricity generation, rise in fossil-based electricity generation reduces renewable electricity generation much more. As a result, it is seen that economic growth, environmental responses and the degree of substitution of resources are effective on electricity generation. In terms of ensuring environmental quality, it is necessary to pay attention to the interaction of factors with each other.

Özet

Türkiye’de 1990-2017 yılları arasında fosil ve yenilenebilir kaynaklı elektrik üretiminin, ekonomik büyüme ve çevresel kirlilikle olan ilişkilerinin incelenmesi makalenin amacını oluşturmaktadır. Değişkenler arası ilişkilerin tespiti için Johansen-Juselius (1990) eşbütünleşme testi ile VECM nedensellik analizinin aşamaları takip edilmiştir. Analiz sonuçlarına göre; i) Değişkenler arasında eşbütünleşme ilişkisi bulunmaktadır. ii) Uzun dönemde fosil ve yenilenebilir kaynaklı elektrik üretimleri açısından koruma hipotezinin geçerli olduğu görülmektedir. iii) Karbondioksit salınımındaki artışlar yenilenebilir elektrik üretimini fosil kaynaklı elektrik üretiminden daha fazla arttırmaktadır. iv) Elektrik üretiminde kullanılan kaynakların ikame ilişkisine göre fosil kaynaklı elektrik üretimindeki artışlar yenilenebilir elektrik üretimini daha fazla azaltmaktadır. Sonuç olarak kaynağına göre elektrik üretimi üzerinde ekonomik büyümenin, çevresel tepkilerin ve kaynakların ikame derecesinin etkili olduğu görülmektedir. Çevre kalitesinin sağlanması açısından etkenlerin birbirleriyle olan etkileşimlerine dikkat etmek gerekmektedir.

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Cite This Article

TAYYAR, A. E. (2021). Electricity Generation - Economic Growth - Environmental Pollution: VECM Analysis for Turkey. Sosyoekonomi, Cilt: 29 - Sayı: 47, 267–284. https://ajindex.com/articles/139452

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