- Sinop Üniversitesi Sosyal Bilimler Dergisi
- Vol: 7 Issue: 1
- ECONOMIC POLICY UNCERTAINTY AND RENEWABLE ENERGY- IS THERE A RELATİON? CASE - STUDY G7
ECONOMIC POLICY UNCERTAINTY AND RENEWABLE ENERGY- IS THERE A RELATİON? CASE - STUDY G7
Authors : Başak Özarslan Doğan, Alfred Williams, Adedolapo Williams
Pages : 823-843
Doi:10.30561/sinopusd.1267695
View : 60 | Download : 44
Publication Date : 2023-05-31
Article Type : Research Article
Abstract :Economic uncertainty significantly affects the macroeconomic performances of countries and many sectors. In this context, one of the sectors affected by economic uncertainty is the renewable energy sector. Since the sector in question is a relatively new sector, it is a capi-tal and technology intensive sector with high costs. For this reason, in addition to domes-tic savings, foreign capital flows from abroad are needed in renewable energy investments, as in most investment items, especially in developing countries. Capital flow from abroad depends on the economic stability of the country and the applied economic policy. In this context, in this study, the relationship between economic policy uncertainty and renewable energy investments has been empirically examined for the 1997-2021 period, with the help of Han and Phillips (2010) method in the case of G7 countries. The results show that increases in economic policy uncertainty reduce renewable energy investments in the countries selected as the sample group and throughout the study period.Keywords : Ekonomi Politika Belirsizliği, Yenilenebilir Enerji Yatırımları, Panel Veri, Ekonomik İstikrar