Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan

Authors

  • Teymur Sarkhanov Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan
  • Nigar Huseynli Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; PhD Candidate Sakarya University, Sakarya, Turkey. https://orcid.org/0000-0001-7817-6485

DOI:

https://doi.org/10.32479/ijeep.13616

Keywords:

GDP, renewable energy, economic growth, energy

Abstract

Finding renewable resources against depleted resources has become very important in almost every field. Especially in the energy sector, the availability of renewable energy sources is of great importance. The aim of this study is to measure the effect of the renewable energy sector of Kazakhstan and Kyrgyzstan, which are selected Turkish states, on the growth of the economy. The data included in the analysis cover the period from 1996 to 2018. The variables included in the analysis as economic growth and renewable energy consumption were subjected to a series of assumption tests. As a final step, a conclusion was reached by applying regression analysis. It has been determined that there is a positive relationship between the economic growth in both countries and the renewable energy consumed in this country.

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Author Biography

Nigar Huseynli, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; PhD Candidate Sakarya University, Sakarya, Turkey.

Bachelor's degree in Business Administration (2010, Azerbaijan State University of Economics, Azerbaijan); Master Capiyal Market and Stock Exchange (2014, Marmara University Turkey); PhD (countine, Sakarya University, Turkey). His research interests include finance theories, finance management, and accounting. Correspondence to: Lecturer, Nigar Guliyeva, PhD. C., Azerbaijan State University of Economics (UNEC), Department of Economics and Business, Istiqlaliyyat str.6, AZ1001, Baku, Azerbaijan. e-mail: n.guliyeva@unec.edu.az ORCID iD: https://orcid.org/0000-0001-7817-6485  

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Published

2022-11-28

How to Cite

Sarkhanov, T., & Huseynli, N. (2022). Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan. International Journal of Energy Economics and Policy, 12(6), 163–167. https://doi.org/10.32479/ijeep.13616

Issue

Vol. 12 No. 6 (2022)

Section

Articles

License

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