The Impact of Renewable Energy Investments on Economic Growth

A Time Series Analysis Approach (2010-2023)

Abstract

This article presents a study that used time-series analysis techniques to investigate the impact of renewable energy investments on economic growth. Assessing the impact of renewable energy investments on economic growth is critical to understanding the effectiveness of energy policies and contributing to achieving the Sustainable Development Goals. Furthermore, this research can provide guidance in the development of sustainable energy policies. Investing in renewable energy sources offers potential solutions to major global challenges such as energy security, environmental sustainability and climate change. Therefore, this study serves as a basic source of information for future policy advances and strategic planning. The purpose of this study is to assess the impact of investments in renewable energy on economic growth. In this context, the main research question aims to determine the impact of renewable energy investments made from 2010 to 2023 on economic growth.

The importance of this study lies in the use of quantitative data to support the relationship between renewable energy investment and economic growth. The aim of this study is to provide reliable and comprehensive results through time series analysis spanning 2010-2023. This approach will allow us to better understand how the impact of renewable energy investments on economic growth changes over time and how different factors interact. This study uses the technique of time series analysis to examine data from 2010 to 2023. This statistical approach allows us to identify changes and trends over time. Specifically, to analyze the impact of renewable energy investment on economic growth, with the economic growth rate as the dependent variable and renewable energy investment, gross domestic product (GDP), and overseas dependence as the independent variables.

Research results show that investments in renewable energy contribute to economic growth, and the effects become more pronounced over time. These findings can help policy-makers and decision-makers make informed decisions and highlight the importance of prioritizing and encouraging investment in renewable energy. increase. In conclusion, “Impact of investment in renewable energy on economic growth:

The Time Series Analysis Approach (2010-2023) provides a comprehensive analysis that advances our understanding of the relationship between renewable energy investment and economic growth. The research question, the definition of the dependent and independent variables, and the timeframes covered by the time series analysis are clearly stated. This research will contribute significantly to the development of energy policy instruments and the achievement of the Sustainable Development Goals.