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Abstract This study analyzes the relationship between energy production from fossil fuels, low-carbon sources, and renewable sources and inflation in Kazakhstan from 2000 to 2021, using the VAR method within the framework of the Taylor rule. Energy production is categorized under two headings, namely from fossil fuels and from other sources. While examining the relationship between energy production from fossil fuels and inflation, the interest rate and GDP growth rate, which affect inflation, were also included in the model as control variables following Taylor's rule. Thus, the relationship between energy production from fossil fuels and inflation can be analyzed more realistically. Energy production data are obtained from Our World in Data, GDP data from the World Bank site, and interest and inflation data from the ADB Data Library. The study showed that the interest rate affects inflation following the Taylor rule. We found a significant relationship between energy production and inflation in Kazakhstan. The relationship is that energy production from fossil sources increases inflation, while energy production from other (renewable and low-carbon) sources reduces inflation. This result once again proved the importance of energy production from renewable and low-carbon sources for Kazakhstan. Furthermore, the relationship between inflation and energy production proved not to be a causal one. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-07-09 How to Cite Niyetalina, G., Balapanova, E., Kuralbayev, A., Lukhmanova, G., & Bolganbayev, A. (2023). The Relationship of Energy Generation from Fossil Fuels, Low Carbon Resources, and Renewable Resources and Inflation within the Framework of Taylor’s Rule: The Case of Kazakhstan. International Journal of Energy Economics and Policy, 13(4), 9–15. https://doi.org/10.32479/ijeep.14308 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 4 (2023) 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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher.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. Most read articles by the same author(s) Dinmukhamed Kelesbayev, Kundyz Myrzabekkyzy, Artur Bolganbayev, Sabit Baimaganbetov, The Effects of the Oil Price Shock on Inflation: The Case of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 3 (2022) Dinmukhamed Kelesbayev, Kundyz Myrzabekkyzy, Artur Bolganbayev, Sabit Baimaganbetov, The Impact of Oil Prices on the Stock Market and Real Exchange Rate: The Case of Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 1 (2022) Artur Bolganbayev, Kundyz Myrzabekkyzy, Sabit Baimaganbetov, Dinmukhamed Kelesbayev, The Effect of Oil Prices on the Economic Growth of Oil Exporting Countries Bordering the Caspian Sea: Panel Data Analysis , International Journal of Energy Economics and Policy: Vol. 11 No. 6 (2021) Artur Bolganbayev, Baltaim Sabenova, Gulmira Mombekova, Gulnur Sultankhanova, Tazhibayeva Raikhan Musamatovna, The Effect of Electricity Generation, Thermal Energy Production, Fixed Capital Investment, and Consumer Price Index on Economic Growth in Kazakhstan , International Journal of Energy Economics and Policy: Vol. 12 No. 6 (2022) Zhazira Taibek , Indira Kozhamkulova , Almas Kuralbayev , Bagdat K. Spanova , Kundyz Myrzabekkyzy, Analysis of the Effect of Oil and Energy Production on Health and Education Expenditures in Kazakhstan with Autoregressive Distributed Lag Method , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Baltaim Sabenova, Indira Baubekova, Gulmira Issayeva, Zarema Bigeldiyeva, Artur Bolganbayev, Comparative Analysis of Volatility Structures of Stock Index and Energy Company Returns in Kazakhstan , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Tazhikul Mashirova, Karlygash Tastanbekova, Murat Nurgabylov, Gulnar Lukhmanova, Kundyz Myrzabekkyzy, Analysis of the Relationship between the Highest Price and the Trading Volume of the Energy Company Shares in Kazakhstan with Frequency Domain Causality Method , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı

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