Renewable energy consumption and sustainable development: A panel cointegration approach

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dc.authorid0000-0002-7201-2057en_US
dc.contributor.authorGüney, Taner
dc.date.accessioned2023-03-08T06:16:43Z
dc.date.available2023-03-08T06:16:43Z
dc.date.issued2023en_US
dc.departmentKMÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractThis research intends to examine the association amidst sustainable development, renewable energy consumption, non-renewable energy utilization, and GDP. As a result, the statistics of OECD nations covering the duration of 1990–2015 were used. As a sustainable development indicator, adjusted net savings, a very successful indicator, was preferred. Granger causality examination, over the long term, demonstrated the existence of bidirectional causality among these factors. FMOLS and DOLS tests were utilized to measure long-term coefficients. This study is a pioneering study for the literature due to these contributions. Results indicated that a 1% expansion in renewable energy utilization expanded sustainable development by 0.06% for FMOLS and 0.03% for DOLS. On the other hand, when non-renewable energy utilization expands by 1% in the long term, the degree of sustainable development diminishes by 0.32% as indicated by the FMOLS test and by 0.31% as indicated by the DOLS test. These results reveal the importance of renewable energy for sustainable development. In conclusion, this study recommends that OECD countries support projects that will enable them to use their renewable energy resources more and prioritize project research in this direction. © 2023, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.en_US
dc.identifier.citationGüney, T. (2023). Renewable energy consumption and sustainable development: A panel cointegration approach. Journal of the Knowledge Economy, doi:10.1007/s13132-023-01107-0en_US
dc.identifier.doi10.1007/s13132-023-01107-0
dc.identifier.issn1868-7865
dc.identifier.scopus2-s2.0-85148515233
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1007/s13132-023-01107-0
dc.identifier.urihttps://hdl.handle.net/11492/7065
dc.identifier.wosWOS:000935814700001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Sceince
dc.indekslendigikaynakScopus
dc.institutionauthorGüney, Taner
dc.language.isoen
dc.publisherSpringeren_US
dc.relation.journalJournal of the Knowledge Economyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectOECDen_US
dc.subjectPanel Cointegrationen_US
dc.subjectRenewable Energyen_US
dc.subjectSustainable Developmenten_US
dc.titleRenewable energy consumption and sustainable development: A panel cointegration approachen_US
dc.typeArticle

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