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Journals / Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi / 2018 / Cilt: 6 - Sayı: 3

The Relationship Between Biomass Energy Consumption and Economic Growth in D-8 Countries

D-8 Ülkelerinde Biyokütle Enerjisi Tüketimi ile Ekonomik Büyüme Arasındaki İlişki

Fatma Fehime AYDIN
Pages
371–377
Publication Date
2022-10-11
DOI
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AI Summary & Key Takeaways

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

In this context, it is seen that governments' investment and projects towards biomass energy use will affect economic growth positively.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the study, in the period of 1980-2013, the relationship between biomass energy consumption and economic growth in D-8 countries (Developing Eight Countries) is discussed.
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Key Findings & Data:The cointegrated series are then estimated by OLS, DOLS and FMOLS estimators and then impulse-response analysis is performed.
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Conclusion & Impact:In this context, it is seen that governments' investment and projects towards biomass energy use will affect economic growth positively.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Domain Parameters

Abstract

In the study, in the period of 1980-2013, the relationship between biomass energy consumption and economic growth in D-8 countries (Developing Eight Countries) is discussed. Panel unit root, cointegration and causality tests are used to analyze whether there is a long-term relationship between the series. As a result of these analyzes, it seems that there is a long-term relationship between the variables. The cointegrated series are then estimated by OLS, DOLS and FMOLS estimators and then impulse-response analysis is performed. According to the obtained analysis results, a one-way causality relationship occurs from biomass energy consumption to economic growth. In addition, there is a long-term positive and statistically significant relationship between biomass energy consumption and economic growth. In this context, it is seen that governments' investment and projects towards biomass energy use will affect economic growth positively.

Özet

Çalışmada,1980-2013 yılları arasında D-8 ülkeleri (Gelişen Sekiz Ülke) için biyokütleenerji tüketimi ile ekonomik büyüme arasındaki ilişki ele alınmaktadır. Serilerarasında uzun dönem ilişkisi olup olmadığını analiz etmek için panel birim kök,eşbütünleşme ve nedensellik testleri kullanılmaktadır. Bu analizlerin sonucundadeğişkenler arasında uzun dönemli bir ilişkinin olduğu görülmektedir. Ardındaneşbütünleşik seriler OLS, DOLS ve FMOLS tahmincileri ile tahmin edilmekte vedaha sonra etki-tepki analizi yapılmaktadır. Elde edilen analiz sonuçlarınagöre, biyokütle enerji tüketimindenekonomik büyümeye doğru tek yönlü bir nedensellik ilişkisi ortaya çıkmaktadır.Ayrıca, biyokütle enerji tüketimi ile ekonomik büyüme arasında uzun dönemdepozitif ve istatistiksel olarak anlamlı bir ilişki bulunmaktadır. Bu bağlamda,hükümetlerin biyokütle enerji kullanımına dönük yapılacak yatırım veprojelerinin ekonomik büyümeyi olumlu yönde etkileyeceği görülmektedir.

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Cite This Article

AYDIN, F. F. (2022). The Relationship Between Biomass Energy Consumption and Economic Growth in D-8 Countries. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, Cilt: 6 - Sayı: 3, 371–377. https://ajindex.com/articles/440224

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