Industry 4.0 and Renewable Energy Production Nexus: An Empirical Investigation of G20 Countries with Panel Quantile Method

Basit Öğe Kaydı
dc.authorid0000-0003-3925-844Xen_US
dc.authorid0000-0002-9177-2780en_US
dc.contributor.authorBildirici, Melike
dc.contributor.authorKayıkçı, Fazıl
dc.contributor.authorErsin, Özgür Ömer
dc.date.accessioned2023-11-13T11:50:12Z
dc.date.available2023-11-13T11:50:12Z
dc.date.issued2023en_US
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret Bölümüen_US
dc.description.abstractIn line with the fourth industrial revolution, most countries have imposed a variety of regulations or policies for the goals of energy conservation, sustainable development, and industrial transition. Renewable energy production and its production process, which is widely discussed, espe cially in the context of sustainable energy, has become more important with Industry 4.0. This paper tested the relation among economic growth, renewable electricity generations (% of GDP), Industry 4.0, industrial structure, trade openness, financial development, and research and development expenditure for G20 countries in 2000–2021 by employing a panel quantile regression approach and various panel cointegration tests in addition to investigation of panel Granger causality among the analyzed variables. The variables of industrial structure, trade openness, and financial development were selected as control variables. Since this study is the first study on this topic, it will contribute to the development of the literature by providing resources for future studies about I4.0, renewable energy production, and economic growth. Furthermore, this study will not only contribute to the literature by revealing the theoretical and empirical relationship between these variables but will also shed light on the policies that G20 countries will produce in this regard. According to results, all variables examined have significant causal effects: unidirectional causality from economic growth to Industry 4.0, to research and development, and to renewable energy output and, also, from research and development to renewable energy output. Bidirectional causality and feedback effects between renewable energy and Industry 4.0 are determined. Further, unidirectional causality from industrial structure, from openness to trade, and from financial development to renewable energy output are determined. Results indicate renewable-enhancing effects of Industry 4.0.en_US
dc.identifier.doi10.3390/su151814020en_US
dc.identifier.issue18en_US
dc.identifier.scopus2-s2.0-85172865736en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/7023
dc.identifier.urihttps://doi.org/10.3390/su151814020
dc.identifier.volume15en_US
dc.identifier.wosWOS:001077764600001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)en_US
dc.relation.ispartofSustainability (Switzerland)en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIndustry 4.0; renewable energy; economic growth; sustainable economic development; information and communication technologies; research and development; international trade; G20; panel quantile regression; cointegrationen_US
dc.titleIndustry 4.0 and Renewable Energy Production Nexus: An Empirical Investigation of G20 Countries with Panel Quantile Methoden_US
dc.typeArticleen_US

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