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Journals / EKOIST Journal of Econometrics and Statistics / 2018 / Cilt: 14 Sayı: 28

The Relationship between Renewable Energy Consumption and Economic Growth: New Evidence from the European Union

Yenilenebilir Kaynaklı Enerji Tüketimi ve Ekonomik Büyüme İlişkisi: Avrupa Birliğine Ait Yeni Bulgular

Abdullah Emre ÇAĞLAR
Çiğdem DEMİR
Pages
7–30
Publication Date
2018-07-31
DOI
—
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AI Summary & Key Takeaways

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

Based on that, we suggest that policymakers make long-term plansabout renewable resources.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Renewable energy is becoming more widespread due to a dawning of environmental consciousness in Europe, especiallyin countries that have transitioned to the information economy.
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Key Findings & Data:However, the same transition requires serious infrastructureinvestment.
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Conclusion & Impact:Based on that, we suggest that policymakers make long-term plansabout renewable resources.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Yenilenebilir enerji · Ekonomik büyüme · Panel ARDL

Abstract

Renewable energy is becoming more widespread due to a dawning of environmental consciousness in Europe, especiallyin countries that have transitioned to the information economy. However, the same transition requires serious infrastructureinvestment. These countries need sound economic potential. Therefore, in the European Union (EU) countries withintensive energy demand, determining the relationship between those two variables carries considerable importance forboth the countries and the world. Even though the study found no clear causality between them in the short term, overthe long term, we encountered a two-sided causality. Based on that, we suggest that policymakers make long-term plansabout renewable resources.

Özet

Yenilenebilir enerji, ülkelerde çevre bilincinin uyanmaya başlamasıyla birlikte yaygınlığı giderek artmaktadır. Özellikle bilgiekonomisine geçiş yapan ülkelerde çevreye duyarlılık bilincinin arttığı gözlemlenmektedir. Bu enerji türünün kullanılmasıiçin ciddi alt yapı yatırımlarına ihtiyaç duyulmaktadır. Dahası ülkelerde sağlam bir ekonomik gücün olması gerekmektedir.Dolayısıyla, enerjiyi yoğun olarak kullanan AB ülkelerinde bu iki değişken arasındaki ilişkinin ortaya çıkarılması hemülkeler hem de dünyanın geleceği için önem arz etmektedir. Çalışmada kısa dönemde değişkenler arasında herhangibir nedensellik bulunmamasına rağmen, uzun dönemde çift yönlü bir nedensellik ilişkisine rastlanılmıştır. Sonuç olarak,politika yapıcılara yenilenebilir enerji ile ilgili planlarının uzun soluklu olması gerektiği önerilmektedir.

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Cite This Article

ÇAĞLAR, A. E., DEMİR, Ç. (2018). The Relationship between Renewable Energy Consumption and Economic Growth: New Evidence from the European Union. EKOIST Journal of Econometrics and Statistics, Cilt: 14 Sayı: 28, 7–30. https://ajindex.com/articles/937374

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