Özet:

There has been an increase in the number of recent studies on the determinants of renewable energy and its relationship with various macroeconomic variables. One of these macroeconomic variables is foreign direct investment, which is an important source of foreign financing for developing countries. In this study, the relationship between renewable energy use and foreign direct investments in Turkiye for the period 1990-2019 is empirically examined. In this context, the validity for Turkiye of the Pollution Halo Hypothesis and the Pollution Havens Hypothesis, which theoretically explain the relationship between the two variables, is also tested. As a result of the analyzes made with RALS-EG and RALS-EG2 cointegration tests, no cointegration relationship is found between renewable energy use and foreign direct investments. Therefore, it is concluded that the mentioned hypotheses are not valid for Turkiye in the long run.