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Opis: The transition to a low-carbon economy represents a significant challenge and opportunity for Turkey, whose energy mix is 90% fossil fuel. In this context, this research aims to analyse the role of financial development (FD), economic complexity (EC), and environmental technology (PET) on renewable energy consumption (REC) in Turkey over the period from 1980 to 2020. The Fourier Bootstrap ARDL (FBARDL) approach, a new technique that can capture up to five smooth structural breaks and address small sample biases, indicates that a significant ‘green structural lock-in’ exists, where a 1% rise in FD and EC causes a 1.12% and 0.70% decrease in REC, respectively. In other words, Turkey’s financial development and economic complexity are still locked into fossil fuel consumption. In contrast, PET positively influences REC, where a 1% rise in PET causes a 0.12% rise in REC. The Granger causality test further confirms that FD and PET have a one-way causality to REC. The research contributes to the existing literature on the Turkish energy equilibrium, providing a much-needed antidote to the prevailing ‘positive finance’ assumptions in non-OECD economies.
Ključne besede: financial development, renewable energy, environmental technology, Turkey, Fourier Bootstrap ARDL
Objavljeno v RUP: 24.08.2026; Ogledov: 253; Prenosov: 7
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Opis: This paper presents unique survey results with opinions on the competitive supply and efficient energy use, sources of energy and renewable sources of energy. The multivariate factor analysis with three common factors confirms the significance of the price competitive supply of energy, energy costs for the economy, and the sustainable energy supply development and ecological perception in the energy use. Among renewable sources of energy, significance is given to the solar, hydro, biogas, and biomass energy, where the energy useand the renewable energy production in agriculture can play a greater role. Education and promotion activities are expressed as important for strengthening the knowledge, awareness, and social responsibility of the sustainable energy development and the use of renewable sources of energy.
Ključne besede: energy, efficiency, renewable sources, operation management, sustainability, social responsibility
Objavljeno v RUP: 15.10.2013; Ogledov: 6440; Prenosov: 218
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