The Vector Auto Regression Analysis of the Link between Renewable Energy Consumption and Economic Development for Turkey and Kazakhstan

Meiramkul Saiymova, Marija Troyanskaya, Kulyash Shalgimbayeva, Zhanat Babazhanova and Roza Jumabekova
Additional contact information
Meiramkul Saiymova: Zhubanov Aktobe Regional State University, Moldagulova ave., 34, 030000, Aktobe, Kazakhstan,
Marija Troyanskaya: Orenburg state University, Victory ave. 13, 460018, Orenburg, Russian Federation;
Kulyash Shalgimbayeva: Kazakh National Agrarian Research University, Abay ave. 8, 050000, Almaty, Kazakhstan;
Zhanat Babazhanova: Kazakh National Academy of Choreography, Uly Dala ave. 9, Z05K7Y26, Astana, Kazakhstan;
Roza Jumabekova: Yessenov University, 32-microdistrict, 130000, Aktau, Kazakhstan.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 2, 309-315

Abstract: The relationship between economic growth and renewable energy (RE) consumption has received enormous attention in the literature. However, there are diverse views about the Granger causality and nature of this relationship. The purpose of this empirical study is to investigate how RE consumption on electricity generation is affected by economic growth and electricity prices using data from 1990 to 2021 with the vector auto regression (VAR) approach. This is done by using case study countries (Turkey, and Kazakhstan), which have different levels of economic development, are located in diverse regions in the world, but with common effort of encouragement in term of policy implementations in RE use recently. Findings in this paper show RE consumption, for the period under consideration, is significantly determined by income and electricity price in the long run.

Keywords: renewable energy consumption; economic growth; VAR; Turkey; Kazakhstan (search for similar items in EconPapers)
JEL-codes: A12 O44 Q43 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/13998/7215 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/13998 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-02-34

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().