The Causal Nexus Among Energy Dependency, Human Capital, and Renewable Energy: An Empirical Analysis for EU Members

SART G., ÖZEKİCİOĞLU H., Danilina M., Aytemiz L., Bayar Y.

Energies, cilt.17, sa.21, 2024 (SCI-Expanded) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 17 Sayı: 21
  • Basım Tarihi: 2024
  • Doi Numarası: 10.3390/en17215305
  • Dergi Adı: Energies
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Agricultural & Environmental Science Database, CAB Abstracts, Communication Abstracts, Compendex, INSPEC, Metadex, Veterinary Science Database, Directory of Open Access Journals, Civil Engineering Abstracts
  • Anahtar Kelimeler: CO2 emissions, energy dependency, human capital, panel causality test, real GDP per capita, renewable energy
  • Akdeniz Üniversitesi Adresli: Evet

Özet

Countries have turned to developing renewable energy production, avoiding the risks posed by the disruptions in global energy trade, the high volatility in energy prices, and the remarkable environmental impairment. Numerous economic, environmental, institutional, and social factors have been put forward as driving factors toward renewable energy. The goal of this research article is to study the causal nexus among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy of the 27 EU members between 2000 and 2020 through Emirmahmutoglu and Kose causality test. The results of the panel-level causality tests demonstrate feedback interplay among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy use. However, the results of the country-level causality analysis unveil that the interplay among renewable energy utilization, energy dependency, real GDP per capita, CO2 emissions, and human capital remarkably varies among EU members. The results of this study suggest that renewable energy investments are significant instruments to make progress in energy security, human capital, real GDP per capita, and CO2 emissions. Furthermore, energy security, human capital, real GDP per capita, and CO2 emissions are significant drivers of renewable energy development.