Journals / Aydın İktisat Fakültesi Dergisi / 2021 / Cilt: 6 - Sayı: 2

Impact of Innovation on Renewable Power Generation: Panel Data Analysis on IEA Member Countries

İnovasyonun Yenilenebilir Enerji Üretimine Etkisi: IEA Üyesi Ülkeler Üzerine Panel Veri Analizi

Pages
21–31
Publication Date
2021-12-30
DOI
—
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AI Summary & Key Takeaways

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

In this study, it is aimed to investigate the effect of innovation on renewable power generation in 21 IEA member countries.The Global Innovation Index was used as an innovation indicator.In the study, where the dependent variable is renewable power generation (terawatt/hour), control variables such as GDP per capita and carbon emissions are also included.Balanced panel data analysis was conducted in the study, in which data from 21 IEA member countries between 2009 and 2019 were used.As a result of the analysis, it was found that innovation increased renewable power generation in 21 IEA member countries.

📌 3 Key Takeaways

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Objective & Hypothesis:Renewable energy is increasing its importance day by day as the damage caused by fossil fuels to the environment has reached significant proportions.Countries are trying to increase their renewable power generation for environmental sustainability.
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Key Findings & Data:Although the usage areas of renewable energy are increasing, it is also known that it still has a significant cost for countries.
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Conclusion & Impact:In this study, it is aimed to investigate the effect of innovation on renewable power generation in 21 IEA member countries.The Global Innovation Index was used as an innovation indicator.In the study, where the dependent variable is renewable power generation (terawatt/hour), control variables such as GDP per capita and carbon emissions are also included.Balanced panel data analysis was conducted in the study, in which data from 21 IEA member countries between 2009 and 2019 were used.As a result of the analysis, it was found that innovation increased renewable power generation in 21 IEA member countries.
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:yenilenebilir enerji üretimi · inovasyon · panel veri analizi

Abstract

Renewable energy is increasing its importance day by day as the damage caused by fossil fuels to the environment has reached significant proportions.Countries are trying to increase their renewable power generation for environmental sustainability. Although the usage areas of renewable energy are increasing, it is also known that it still has a significant cost for countries. It is known that the impact of innovations is important in reducing the costs of using renewable energy, and there is a consensus that renewable power generate will increase as innovations increase. It can be said that innovation will also increase energy efficiency, along with reducing costs.It is thought that the increase in innovations and therefore the increase in renewable power generation will make a significant contribution to reducing environmental pollution. In this study, it is aimed to investigate the effect of innovation on renewable power generation in 21 IEA member countries.The Global Innovation Index was used as an innovation indicator.In the study, where the dependent variable is renewable power generation (terawatt/hour), control variables such as GDP per capita and carbon emissions are also included.Balanced panel data analysis was conducted in the study, in which data from 21 IEA member countries between 2009 and 2019 were used.As a result of the analysis, it was found that innovation increased renewable power generation in 21 IEA member countries.

Özet

Yenilenebilir enerji, fosil yakıtların çevreye verdiği zararların önemli boyutlara gelmesiyle beraber günden güne önemini artırmaktadır. Ülkeler, çevresel sürdürülebilirlik için yenilenebilir enerji üretimlerini artırma yoluna gitmektedirler. Yenilenebilir enerjinin kullanım alanları artsa da halen ülkeler için önemli bir maliyet içerdiği de bilinmektedir. Yenilenebilir enerjinin kullanımına yönelik maliyetlerin azaltılmasında inovasyonların etkisinin önemli olduğu bilinmekte ve inovasyonlar arttıkça yenilenebilir enerji üretiminin artacağı yönünde bir görüş birliği bulunmaktadır. Maliyetlerin azaltılması ile beraber inovasyonun ayrıca enerji verimliliğini artıracağı söylenebilir. İnovasyonların artması ve dolayısıyla yenilenebilir enerji üretiminin artmasının çevre kirliliğinin azaltılmasına önemli katkı sağlayacağı düşünülmektedir. Bu çalışmada 21 IEA üyesi ülkede inovasyonun yenilenebilir enerji üretimi üzerine etkisinin araştırılması amaçlanmaktadır. İnovasyon göstergesi olarak Küresel İnovasyon Endeksi kullanılmıştır. Bağımlı değişkenin yenilenebilir enerji üretimi (terawatt/saat) olduğu çalışmada ayrıca kişi başına düşen GSYİH ve karbon emisyonu gibi kontrol değişkenleri de dahil edilmiştir. 21 IEA ülkesine ait 2009-2019 yılları arası verilerin kullanıldığı çalışmada dengeli panel veri analizi yapılmıştır. Yapılan analiz sonucunda inovasyonun 21 IEA üyesi ülkede yenilenebilir enerji üretimini artırdığı bulgusuna ulaşılmıştır.

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Cite This Article

ÇOBAN, M. N., KANGAL, N., EROĞLU, İ., YETER, F. (2021). Impact of Innovation on Renewable Power Generation: Panel Data Analysis on IEA Member Countries. Aydın İktisat Fakültesi Dergisi, Cilt: 6 - Sayı: 2, 21–31. https://ajindex.com/articles/372423

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