Financing Renewable Energy Projects: An Empirical Analysis for Turkey

Authors

  • Bünyamin Er
  • Yusuf Guneysu
  • Hüseyin Ünal

Abstract

The main purpose of this study is to estimate the impact of foreign direct investment (FDI) inflows and stock market capitalization (SMC) on the renewable energy consumption (REC). In addition, the study aims to ivestigate the impact of financial development (FD) and research-development expenditures (R&D) on the renewable energy consumption. The study utilizes annual data from 1990 to2015 inTurkey using the autoregressive distributed lag (ARDL) approach. The findings show that, based on the ARDL estimates, there exist long-run equilibrium relationships among the variables. The results of this study also indicate that the renewable energy consumption is mainly determined by FDI inflows, financial development and research-development expenditures in the long run.Keywords: Renewable Energy, Foreign Direct Investment, Stock Market Capitalization, ARDL ApproachJEL Classifications: C51, G10, Q42DOI: https://doi.org/10.32479/ijeep.7025

Downloads

Download data is not yet available.

Downloads

Published

2018-10-28

How to Cite

Er, B., Guneysu, Y., & Ünal, H. (2018). Financing Renewable Energy Projects: An Empirical Analysis for Turkey. International Journal of Energy Economics and Policy, 8(6), 180–185. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/7025

Issue

Vol. 8 No. 6 (2018)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.