Does Renewable Energy Provide Economic Growth? A VAR Model Application for the Netherlands


Yurttançıkmaz Z. Ç., Seyhan B.

2nd International Conference on Contemporary Academic Research ICCAR 2023, Konya, Türkiye, 4 - 05 Kasım 2023, ss.101, (Özet Bildiri)

  • Yayın Türü: Bildiri / Özet Bildiri
  • Basıldığı Şehir: Konya
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.101
  • Atatürk Üniversitesi Adresli: Evet

Özet

Energy has an important role in terms of competitiveness and activating the locomotive of

growth. In this context, both non-renewable and renewable energy sources are important factor costs, and

on the other hand, they are important manufacturing inputs. The depletion of fossil energy resources and

the accompanying global and environmental problems have led the world to search for new energy

sources. This quest has directed humanity to renewable energy sources that are available in nature, do not

pollute the environment, and can renew themselves quickly if consumed. The negativities arising from the

use of non-renewable energy resources and their disadvantageous situations in terms of sustainability

have increased the importance attached to the use of renewable energy resources in recent years. From

this perspective, analyzing the relationship network between renewable energy resources and economic

growth has a great importance in terms of determining more efficient and effective policy alternatives.

The aim of this study is to investigate the effects of renewable energy supply, renewable energy R&D

expenditures and technological innovations in renewable energy on economic growth in the example of

the Netherlands. The findings obtained as a result of the VAR model applied for the 1990-2021 research

period show that the developments in renewable energy supply and renewable energy technologies in the

Netherlands has a positive impact on economic growth.