Özet:

Energy is an important factor of production in terms of continuity and sustainable development of economic activities. Together with the innovations of industrialization and technology, the increased use of energy in the last century has led to the problem of energy supply safety. In this regard, the production and consumption of renewable energy in the world is extremely important. The aim of this study is also to explore the relationship between renewable energy production and economic growth for the 2000-2016 period, the G20 member 19 countries. In this scope, primarily, horizontal cutting dependency and homogenity tests were implemented for the countries included in the panel data set. The durability of the series was studied by the ADF and PP Fisher unit root tests. The relationship between renewable energy production and economic growth after regular series were obtained was studied by the Kao and Johansen Fisher panel integration tests and the direction of the relationship with the FMOLS and DOLS test results was identified. The empirical findings show that there is a positive relationship between renewable energy production and economic growth.

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