THE EFFECT OF RENEWABLE ENERGY ON ENERGY SECURITY RISKS: EVIDENCE FROM TURKEY

İbrahim Halil Polat; Serhat Çamkaya

Article Details

THE EFFECT OF RENEWABLE ENERGY ON ENERGY SECURITY RISKS: EVIDENCE FROM TURKEY

Authors:

İbrahim Halil Polat | Serhat Çamkaya

Publisher:

Zonguldak Bulent Ecevit University

Main Topics:

Uluslararası İktisatta Bölgesel Gelişme ve Küreselleşme

Journal:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.862-880

Document Type:

Article

Publication Date:

9/2025

Document Language:

Turkish

Document ID (Org No.):

2001359389

pISSN:

2147-9208

Keywords:

Abstract:

 In todays world, energy security has become a prominent topic in both political and economic discussions. However, the potential political, economic, and environmental impacts of this variable have been the subject of relatively few studies. Accordingly, the primary aim of this study is to examine the effect of renewable energy consumption REN on energy security risk ESR for Turkey, using time series data from 1980 to 2018. The period under review is limited to 1980-2018, based on data availability. Additionally, the impact of economic growth GDP and foreign direct investment FDI on ESR is also investigated. These effects were first tested with the ARDL approach, and robustness checks were conducted using FMOLS, DOLS, and CCR estimators. The studys main contribution to the literature lies in the limited number of international studies examining the relationship between renewable energy and energy security and, to our knowledge, the absence of such an empirical study in the Turkish context. The results indicate that REN and FDI have a negative impact on ESR in Turkey, while GDP has a positive impact. Based on these findings, policymakers in Turkey should implement policies that encourage further investment in renewable energy, thus mitigating the potential adverse outcomes associated with energy security risks.

 In todays world, energy security has become a prominent topic in both political and economic discussions. However, the potential political, economic, and environmental impacts of this variable have been the subject of relatively few studies. Accordingly, the primary aim of this study is to examine the effect of renewable energy consumption REN on energy security risk ESR for Turkey, using time series data from 1980 to 2018. The period under review is limited to 1980-2018, based on data availability. Additionally, the impact of economic growth GDP and foreign direct investment FDI on ESR is also investigated. These effects were first tested with the ARDL approach, and robustness checks were conducted using FMOLS, DOLS, and CCR estimators. The studys main contribution to the literature lies in the limited number of international studies examining the relationship between renewable energy and energy security and, to our knowledge, the absence of such an empirical study in the Turkish context. The results indicate that REN and FDI have a negative impact on ESR in Turkey, while GDP has a positive impact. Based on these findings, policymakers in Turkey should implement policies that encourage further investment in renewable energy, thus mitigating the potential adverse outcomes associated with energy security risks.

 In todays world, energy security has become a prominent topic in both political and economic discussions. However, the potential political, economic, and environmental impacts of this variable have been the subject of relatively few studies. Accordingly, the primary aim of this study is to examine the effect of renewable energy consumption REN on energy security risk ESR for Turkey, using time series data from 1980 to 2018. The period under review is limited to 1980-2018, based on data availability. Additionally, the impact of economic growth GDP and foreign direct investment FDI on ESR is also investigated. These effects were first tested with the ARDL approach, and robustness checks were conducted using FMOLS, DOLS, and CCR estimators. The studys main contribution to the literature lies in the limited number of international studies examining the relationship between renewable energy and energy security and, to our knowledge, the absence of such an empirical study in the Turkish context. The results indicate that REN and FDI have a negative impact on ESR in Turkey, while GDP has a positive impact. Based on these findings, policymakers in Turkey should implement policies that encourage further investment in renewable energy, thus mitigating the potential adverse outcomes associated with energy security risks.

 Günümüz dünyasında enerji güvenliği hem siyasi hem de ekonomik tartışmalarda ön plana çıkmaktadır. Fakat, bu değişkenin olası, siyasi, ekonomik ve çevresel etkileri oldukça sınırlı sayıda çalışmaya konu olmuştur. Bu doğrultuda, bu çalışmanın temel amacı, Türkiye için 1980-2018 yılları arasındaki zaman serisi verilerini kullanarak yenilenebilir enerji tüketiminin REN, enerji güvenliği riski ESR üzerindeki etkisini incelemektedir. Çalışmada kullanılan verilerin ulaşılabilirliğe bağlı olarak incelenen dönem 1980-2018 olarak sınırlandırılmıştır. Ayrıca, ekonomik büyüme GDP ve doğrudan yabancı yatırımların FDI da ESR üzerindeki etkisi araştırılmıştır. Söz konusu etkiler öncelikle ARDL yaklaşımıyla test edilmiş ve bu yaklaşımın sağlamlık sınaması FMOLS, DOLS ve CCR tahmincileriyle gerçekleştirilmiştir. Çalışmanın literatüre en önemli katkısı, uluslararası literatürde yenilenebilir enerji ile enerji güvenliği arasındaki ilişkiyi inceleyen çalışmaların sınırlı sayıda olması ve bildiğimiz kadarıyla Türkiye bağlamında bu tür ampirik bir çalışmaya rastlanılmamış olmasıdır. Sonuçlar, Türkiyede ESR üzerinde REN ve FDInin negatif, GDPnin ise pozitif etkili olduğunu göstermektedir. Bulgulardan hareketle, Türkiyedeki politikacılar yenilenebilir enerjiye daha fazla yatırım yapacak politikaları devreye sokmalıdırlar. Böylece, enerji güvenliği riski sonucunda ortaya çıkacak olumsuzluklar hafifletilmiş olur.

Article Details

THE EFFECT OF RENEWABLE ENERGY ON ENERGY SECURITY RISKS: EVIDENCE FROM TURKEY

Authors:

İbrahim Halil Polat | Serhat Çamkaya

Publisher:

Zonguldak Bulent Ecevit University

Main Topics:

Uluslararası İktisatta Bölgesel Gelişme ve Küreselleşme

Journal:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.862-880

Document Type:

Article

Publication Date:

9/2025

Document Language:

Turkish

Document ID (Org No.):

2001359389

pISSN:

2147-9208

Energy Security Rısk

Renewable energy

Econometric Modeling

TurkeyEnerji Güvenliği Riski

Yenilenebilir Enerji

ekonometrik Model

Türkiye

Issues

Article Details

Authors: İbrahim Halil Polat | Serhat Çamkaya

Publisher: Zonguldak Bulent Ecevit University

Main Topics: Uluslararası İktisatta Bölgesel Gelişme ve Küreselleşme

Journal: Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.862-880

Document Type: Article

Publication Date: 9/2025

Document Language: Turkish

Document ID (Org No.): 2001359389

pISSN: 2147-9208

Issues

Authors:

İbrahim Halil Polat | Serhat Çamkaya

Publisher:

Zonguldak Bulent Ecevit University

Main Topics:

Uluslararası İktisatta Bölgesel Gelişme ve Küreselleşme

Journal:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.862-880

Document Type:

Article

Publication Date:

9/2025

Document Language:

Turkish

Document ID (Org No.):

2001359389

pISSN:

2147-9208