The relationship between renewable energy consumption and economic growth: The case of Bulgaria

Basit Öğe Kaydı
dc.authorid57205320995
dc.authorid57205320292
dc.contributor.authorCan H.
dc.contributor.authorKorkmaz Ö.
dc.date.accessioned20.04.201910:49:12
dc.date.accessioned2019-04-20T21:43:09Z
dc.date.available20.04.201910:49:12
dc.date.available2019-04-20T21:43:09Z
dc.date.issued2018
dc.departmentBayburt Üniversitesien_US
dc.description.abstractPurpose: The purpose of this study is to investigate the relationship between renewable energy and economic growth of Bulgaria. Design/methodology/approach: This study analyzes the relationship between renewable energy and economic growth of Bulgaria for the period 1990-2016, based on annual data, by using the Toda–Yamamoto analysis and Autogressive Distrubuted Lag (ARDL) bound test. This period is characterized by the democratization of the Balkans and several crisis cycles in Bulgaria. Renewable energy consumption (REC, percentage of total final energy consumption), renewable electricity output (REO, percentage of total electricity output) and economic growth (GDP constant 2010 US$) were used. The levels or differences of the variables that are stationary were investigated using the augmented Dickey–Fuller (ADF), Philips–Perron (PP) and Kwiatkowski-Philips-Schmidt-Shin (KPSS) unit root tests. Findings: Three different results were obtained from this study. One showed that renewable energy consumption and renewable electricity output are the causes of economic growth. Another result of this study is that economic growth and renewable electricity output are the causes of renewable energy consumption. The last result is that economic growth and renewable energy consumption are not causes of renewable electricity output. There was no long-term relationship between variables. Research limitations/implications: The ARDL and Toda–Yamamoto tests were used because of lack of data sets. Thus, it is estimated that there is no long-term relationship. Originality/value: This study is an original work for Bulgaria, showing the results of the relationship between renewable energy and economic growth. In line with the results of this study, renewable energy projects related to Bulgaria can be predicted. © 2019, Emerald Publishing Limited.en_US
dc.identifier.doi10.1108/IJESM-11-2017-0005
dc.identifier.issn1750-6220
dc.identifier.scopus2-s2.0-85059504752en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.urihttps://dx.doi.org/10.1108/IJESM-11-2017-0005
dc.identifier.urihttps://hdl.handle.net/20.500.12403/421
dc.identifier.wosWOS:000479280900006en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltd.
dc.relation.ispartofInternational Journal of Energy Sector Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectARDL bound test
dc.subjectBound tests
dc.subjectEconomic growth
dc.subjectMacroeconomic influence
dc.subjectRenewable energy
dc.subjectToda-Yamamoto causality analysis
dc.subjectEconomic and social effects
dc.subjectEnergy policy
dc.subjectEnergy utilization
dc.subjectTesting
dc.subjectCausality analysis
dc.subjectDesign/methodology/approach
dc.subjectEconomic growths
dc.subjectMacroeconomic influence
dc.subjectRenewable energies
dc.subjectRenewable energy and economic growths
dc.subjectRenewable energy consumption
dc.subjectRenewable energy projects
dc.subjectEconomic analysis
dc.subjectARDL bound test
dc.subjectBound tests
dc.subjectEconomic growth
dc.subjectMacroeconomic influence
dc.subjectRenewable energy
dc.subjectToda-Yamamoto causality analysis
dc.subjectEconomic and social effects
dc.subjectEnergy policy
dc.subjectEnergy utilization
dc.subjectTesting
dc.subjectCausality analysis
dc.subjectDesign/methodology/approach
dc.subjectEconomic growths
dc.subjectMacroeconomic influence
dc.subjectRenewable energies
dc.subjectRenewable energy and economic growths
dc.subjectRenewable energy consumption
dc.subjectRenewable energy projects
dc.subjectEconomic analysis
dc.titleThe relationship between renewable energy consumption and economic growth: The case of Bulgariaen_US
dc.typeArticleen_US

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