Analysis of the relationship between innovation, CO2 emission and renewable energy in Turkey

Selim İnançlı; Mustafa Torusdağ

doi:10.15637/jlecon.8.4.10

Authors

Selim İnançlı Sakarya University/TURKEY https://orcid.org/0000-0002-7363-6216
Mustafa Torusdağ Van Yüzüncü Yıl University/TURKEY https://orcid.org/0000-0002-8839-0562

DOI:

https://doi.org/10.15637/jlecon.8.4.10

Keywords:

Innovation, Co2 emissions, Renewable Energy, Causality Test

Abstract

Due to rapid technological development and increase in economic activities, environmental problems such as global warming and climate change, CO₂ emission, environmental pollution are among significant global issues. In recent years, Eco-innovations, which are intended to benefit the environment and contribute to environmental sustainability, bring energy by saving technology, adding a new dimension to the concept of innovation as well as bringing its environmentalist face to the fore. In this study, the relationship between innovation, CO2 emissions and renewable energy for the 1990-2019 period for Turkey was examined and analyzed with Bayer-Hanck (2012) cointegration test together with Toda-Yamamoto (1995) and Hacker-Hatemi-J (2006) causality tests. According to Bayer-Hanck (2012) cointegration test, it was concluded that the variables are cointegrated in the long run. In line with the overlapping findings of the causality analyses of Toda Yamamoto (1995) and Hacker-Hatemi-J (2006), it was concluded that there is a one-way causality relationship from CO₂ emissions to renewable energy consumption.

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