The effects of technological developments on renewable energy

Energy is vital for one the industrialization of countries, the socioeconomic development of societies, and facilitating of life of individuals. For this reason, the energy used must be accessible, affordable, and sustainable. Despite that, energy-related activities bring several long-term local, regional, and global issues. Energy cost, energy efficiency, energy security, and environmental impacts are some of the main problems observed. Both these significant challenges related to the energy sector and the rising overpopulation, especially in recent years, have increased the studies on renewable energy resources. Renewable energies have an essential role in reducing the 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 Türkiye's renewable energy production. Therefore, this study uses annual time series data on Türkiye 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.