A Fuzzy Multi Criteria Decision Making to Evaluate Energy Policy Based on an Information Axiom: A Case Study in Turkey

Boran F. E., Boran K., Dizdar E.

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, vol.7, no.3, pp.230-240, 2012 (SCI-Expanded, Scopus) identifier identifier

  • Publication Type: Article / Article
  • Volume: 7 Issue: 3
  • Publication Date: 2012
  • Doi Number: 10.1080/15567240902839294
  • Journal Name: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.230-240
  • Keywords: Granger-causality, growth panel, renewable energy consumption, MULTIATTRIBUTE SELECTION, ELECTRICITY-GENERATION, NETWORK PROCESS, DESIGN, SYSTEMS, SUPPORT, CHOICE
  • Gazi University Affiliated: Yes

Abstract

This study examines the causal relationship between renewable energy consumption and economic growth for 80 countries within a multivariate panel framework over the period 1990-2007. The results of the panel cointegration test indicates there is a long-run equilibrium relationship between real gross domestic product, renewable energy consumption, real gross fixed capital formation, and the labor force with the respective coefficient estimates positive and statistically significant. The results from the panel error correction model reveal bidirectional causality between renewable energy consumption and economic growth in both the short-run and long-run.