KATAR'DA EKONOMİK VE FİNANSAL KALKINMANIN ENERJİ TÜKETİMİ ÜZERİNE ETKİLERİ

Bu çalışma, Katar için 1975-2018 döneminde ekonomik büyüme, finansal gelişme, yatırım ve elektrik tüketimi arasındaki kısa ve uzun vadeli ilişkileri incelemektedir. Kapsamlı politika önerileri sunmak için Otoregresif Dağıtılmış Gecikme (ARDL) eşbütünleşme testi ve Vektör Hata Düzeltme Modelini (VECM) gerçekleştirdik. Bulgular, enerji-büyüme bağlantısı için koruma hipotezinin geçerliliğini desteklemektedir ve dolayısıyla enerji kullanımının azaltılmasının büyüme üzerinde önemsiz bir etkisi vardır. Evlerde enerji kullanımını ve ülke çapında AC kullanımını azaltmayı hedefleyen politikalar önerdik. Bu bağlamda, enerjinin boşa harcanmasını azaltmak ve doğal gazla çalışan tuzdan arındırma tesislerinde deniz suyundan damıtılan su kullanımında israfı önlemek için, enerji ve su tüketimindeki mali sübvansiyonlar daha da azaltılmalı, hatta kaldırılmalıdır. Politika yapıcılar ayrıca, yaz aylarında elektrik yükü kontrolü ve talep taraflı soğutmada tasarruf stratejileri için proaktif ve teşvik edici stratejiler de düşünmelidir. Bu, elektrik kullanımındaki tepe noktaların dengelenmesini sağlayabilir ve dolayısıyla gereksiz güç üretimini ve maliyetini azaltabilir.

Anahtar Kelimeler:

Ekonomi-enerji ilişkisi, finans-enerji ilişkisi, VECM model, ARDL model

ECONOMIC AND FINANCIAL DEVELOPMENT IMPACTS ON ENERGY CONSUMPTION IN QATAR

This study examines the short and long-run relationships among economic growth, financial development, investment, and electricity consumption during the period between 1975 and 2018 for Qatar. We conducted the Autoregressive Distributed Lag (ARDL) cointegration test and Vector Error Correction Model to propose comprehensive policy recommendations. The findings support the validity of the conservation hypothesis for the energy-growth nexus, and thereby energy use reduction has an insignificant impact on the growth. We recommended policies aiming to reduce household energy use and country-wide AC usage. In this regard, financial subsidies in energy and water consumption should be reduced further, even abolished, to lower the waste use of energy and prevent extravagant water use distilled from seawater by natural gas-powered desalination plants. Policymakers should also consider proactive and incentivizing strategies for cooling electricity load control and demand-side management of cooling in summers. This might enable leveling out peaks in electricity use, and hence reduce redundant power generation and cost.

Keywords:

Energy-growth nexus, Energy-finance nexus, VECM model, ARDL model,

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