Is there an asymmetric causality between renewable energy and energy consumption in BIC countries?

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dc.authorid0000-0003-4763-9314en_US
dc.contributor.authorMuratoğlu, Yusuf
dc.contributor.authorŞanlı, Devran
dc.contributor.authorSongur, Mehmet
dc.date.accessioned2023-01-03T12:34:17Z
dc.date.available2023-01-03T12:34:17Z
dc.date.issued2022en_US
dc.departmentDicle Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractThis study examines the relationship between renewable energy consumption and economic growth in Brazil, China, and India using cointegration analysis and causality testing for the period 1971–2014. In this regard, we use autoregressive distributed lag (ARDL) bounds test approach and use the causality approach of Hatemi-J (2012) which is taking into account asymmetric behavior in causality. The ARDL findings show (i) when we look at the long-run coefficients obtained from the estimates, renewable energy consumption has a positive effect on growth in Brazil and China. However, the coefficient of renewable energy in India is not statistically significant. Additionally, the impact of gross fixed capital and total employment on economic growth is positive in all countries. In this context, we can say that the contribution of gross fixed capital investment and total employment to economic growth in all countries is more than the contribution of renewable energy consumption; (ii) the short-run forecast findings, we can state that renewable energy consumption has a positive effect on economic growth in Brazil. At the same time, one period-lag renewable energy consumption has a positive impact on economic growth in China. In India, renewable energy consumption has no statistically significant effect on economic growth. On the other hand, while capital has a positive effect on economic growth in all countries, total employment has a positive effect only on economic growth in Brazil and China; and the asymmetric causality findings show (iii) there is no causal relationship between renewable energy consumption and economic growth in all countries in both positive shocks and negative shocks.en_US
dc.identifier.citationMuratoğlu, Y., Şanlı, D. ve Songur, M. (2022). Is there an asymmetric causality between renewable energy and energy consumption in BIC countries? In Energy-Growth Nexus in an Era of Globalization. (pp.405-430). Amsterdam: Elsevier.en_US
dc.identifier.isbn9780128244401
dc.identifier.isbn9780128244418
dc.identifier.urihttps://hdl.handle.net/11468/11179
dc.institutionauthorSongur, Mehmet
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy-Growth Nexus in an Era of Globalization
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleIs there an asymmetric causality between renewable energy and energy consumption in BIC countries?en_US
dc.titleIs there an asymmetric causality between renewable energy and energy consumption in BIC countries?
dc.typeBook Chapteren_US

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