ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN ELECTRICITY CONSUMPTION FROM RENEWABLE AND NON-RENEWABLE ENERGY SOURCES AND ECONOMIC GROWTH IN TURKEY

Abstract

Author(s): ?erife ANATRK, Erkan ZATA

Energy is crucial for a country to make progress in the social, cultural and economic field. Considering the role of energy and electrical energy, which has the largest share in energy consumption, in determining the level of development of countries, the policies to be implemented in this field are extremely important. The main objective of this study that we have made using 1990-2017 data, is to analyze the short and long run relationship between economic growth and electricity consumption from renewable and non-renewable sources for Turkey in a multivariate model where capital (K) and labor (L) are included as additional variables. In this way, it is aimed to propose economically effective and applicable energy policies. The findings confirm the Preservation Hypothesis, which advocates a one-way causality relationship from economic growth to electricity consumption from renewable energy sources

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