A Fuzzy Multi Criteria Decision Making to Evaluate Energy Policy Based on an Information Axiom: A Case Study in Turkey


Boran F. E. , Boran K., Dizdar E.

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, cilt.7, ss.230-240, 2012 (SCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 7 Konu: 3
  • Basım Tarihi: 2012
  • Doi Numarası: 10.1080/15567240902839294
  • Dergi Adı: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
  • Sayfa Sayıları: ss.230-240

Özet

This study examines the causal relationship between renewable energy consumption and economic growth for 80 countries within a multivariate panel framework over the period 1990-2007. The results of the panel cointegration test indicates there is a long-run equilibrium relationship between real gross domestic product, renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficient estimates positive and statistically significant. The results from the panel error correction model reveal bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run.