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The Effect of Technological Development on Renewable Energy

The Effect of Technological Development on Renewable Energy

Diyar Avşar (Çankaya University, Turkey), Dilek Temiz (Çankaya University, Turkey), and Aytaç Gökmen (Çankaya University, Turkey)
Copyright: © 2025 |Pages: 28
DOI: 10.4018/JCAD.367696
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Abstract

Renewable energies have an essential role in the reduction of external dependency of countries by meeting their energy needs from domestic resources, sustainable energy use as a result of diversification of resources and minimizing the damage to the environment from energy consumption. The study aims to measure technological developments' impact on Turkey's renewable energy production. Therefore, this study uses annual time series data on Turkey from 1980-2022 to investigate the causal link between technology and renewable energy production. This study applies Augmented Dickey-Fuller (ADF) (1981), Phillips-Perron (PP) (1988), Kwiatkowski-Phillips-Schmidt-Shin (KPSS) (1992) and Ng-Perron (2001) tests for data analysis. In the long run, it has been found that there is a significant positive relationship between technological development and renewable energy; in addition, it has been found that there is a bidirectional causality relationship between renewable energy production and economic growth in the short term.
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Renewable Energy Resources

Energy has been a fundamental need for maintaining the economy—encompassing industry, agriculture, and other vital activities—from the past to the present. Rapid economic and technological developments have increased energy demand. Most power needs are met through conventional energy resources like crude oil, coal, and natural gas. Economic, political, and environmental concerns are at stake in countries dependent on fossil fuels when assessing the future of global energy markets (Qin et al., 2012).

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