@article{2017,title={A Suggestion for Energy Consumption and Economic Growth in the Context of Renewable Energy},abstractNode={Due to industrialization and population, increases in energy consumption in Turkey. Therefore, energy investments are made to meet the energy demand, and in recent years the trend towards renewable energy sources is increasing. Although there are studies that include alternative results in the literature, in the context of neoclassical growth theory, economic growth depends on energy consumption. In other words, increasing energy consumptions increases economic growth. In our study, it is investigated whether thermal, hydroelectric and geothermal energy consumption affects economic growth for 1965-2015 periods. As a result of applied unit root tests, economic growth and hydroelectric energy consumption variables were found to be stationary. However, the series of geothermal and hydroelectric energy consumption are non-stationary. For this reason, non-stationary variables are de-trended by Hodrick-Presscott filtering and now two variables are stationary. The applied Granger causality test shows that there is a one-way causal relationship among hydroelectric and thermal energy consumptions towards to economic growth. But there is no causal relationship between growth and geothermal energy consumption. The results of the variance decomposition show that the variable of economic growth is endogenous and that hydroelectric energy consumption is more effective than thermal and geothermal energy consumption on growth. The study thus achieves similar results with literature studies that find that energy consumption has an impact on economic growth. In addition, it suggests that hydroelectric power is more effective on economic growth. Therefore, in order to support economic growth, it is necessary to further increase the priority given to hydroelectric energy.},author={Mehmet ÇINAR-& Ramazan ÖZ},year={2017},journal={Journal of Academic Value Studies (JAVStudies)}}