The impact of economic globalization and renewable energy consumption on economic growth: Türkiye analysis 1990-2020

The energy needs of developed and developing countries continue to increase. One of the most important tools needed in the development, development, increase of production and reduction of costs of the economies of the country is energy. In addition, global warming, which has been increasing in recent times, changes the policies and measures of the countries in the energy field. Energy also increases with resource diversity and use of renewable energy. At the same time, in the world where economic globalization is experienced, there is a process in which countries are integrated into each other. There are multiple variables that affect economic growth The aim of this study is to determine the relationship between economic globalization, renewable energy consumption and economic growth. Toda-Yamamoto causality analysis was applied using annual data on economic globalization, renewable energy consumption and economic growth covering the period 1990-2020 of Turkey. According to the results of the test, it has been determined that there is one-way causality from economic growth to economic globalization. No causal relationship has been identified among other variables.