The Vector Auto Regression Analysis of the Link between Renewable Energy Consumption and Economic Development for Turkey and Kazakhstan
Saiymova M. Troyanskaya M. Shalgimbayeva K. Babazhanova Z. Jumabekova R.
24 March 2023Econjournals
International Journal of Energy Economics and Policy
2023#13Issue 2309 - 315 pp.
The relationship between the use of renewable energy and economic growth has gotten a lot of attention in the literature. Regarding the Granger causality and nature of this relationship, there are various points of view. This empirical analysis uses data from 1990 to 2021 using a vector auto regression method to examine the relationship between economic growth and electricity costs and the consumption of renewable energy on electricity generation. This is accomplished by employing two case study nations-Turkey and Kazakhstan-that are in various parts of the world and have varying degrees of economic development but have recently made a concerted effort to encourage the use of renewable energy sources. The results of this study demonstrate that, over the long term, income and power prices have a considerable impact on the usage of renewable energy during the time under review.
Economic Growth , Kazakhstan , Renewable Energy Consumption , Turkey
Text of the article Перейти на текст статьи
Zhubanov Aktobe Regional State University, Moldagulova ave., 34, Aktobe, 030000, Kazakhstan
Orenburg state University, Victory ave. 13, Orenburg, 460018, Russian Federation
Kazakh National Agrarian Research University, Abay ave. 8, Almaty, 050000, Kazakhstan
Kazakh National Academy of Choreography, Uly Dala ave. 9, Astana, Z05K7Y26, Kazakhstan
Yessenov University, 32-microdistrict, Aktau, 130000, Kazakhstan
Zhubanov Aktobe Regional State University
Orenburg state University
Kazakh National Agrarian Research University
Kazakh National Academy of Choreography
Yessenov University
10 лет помогаем публиковать статьи Международный издатель
Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026