The determinants of incentives implemented in the electrical energy sector: an empirical analysis on the Turkish energy market

IF 3.1 4区工程技术 Q3 ENERGY & FUELS

Energy Sources Part B-Economics Planning and Policy Pub Date : 2023-08-02 DOI:10.1080/15567249.2023.2241466

Feti Erbaş, Yaşar Köse, Rıza Bayrak, Ceyda Aktan

{"title":"The determinants of incentives implemented in the electrical energy sector: an empirical analysis on the Turkish energy market","authors":"Feti Erbaş, Yaşar Köse, Rıza Bayrak, Ceyda Aktan","doi":"10.1080/15567249.2023.2241466","DOIUrl":null,"url":null,"abstract":"ABSTRACT The main target of this study is to estimate the determinants and their effect on incentives implemented in the electrical energy sector in Turkey. The data of the study covers 60 quarters between 2005 and 2019. While the dependent variable is investment incentives, the independent variables of the study are separated, classified, and tested under three different models. The first model includes economic variables (GDP, interest rate, exchange rate, inflation, export, and import), the second model includes production and investment variables (tariff price, industrial production index, total installed power, gross fixed capital formation), and the third model contains the demand determinant variables (production of the incentive plants, electricity gross demand, peak sudden). Moreover, the dummy variable was included in the study for the 2008 Global Financial Crisis. The results of the ARDL Boundary Test showed that in the long run, GDP and Exchange Rate variables were seen to have the most significant impact on incentives, respectively, where these effects were positive in the case of GDP and negative for the Exchange Rate. These were followed by the 2008 Global Financial Crisis. It is recommended that policymakers should always consider the negative effect of the exchange rates on the incentive system in their long-term planning.","PeriodicalId":51247,"journal":{"name":"Energy Sources Part B-Economics Planning and Policy","volume":null,"pages":null},"PeriodicalIF":3.1000,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Sources Part B-Economics Planning and Policy","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1080/15567249.2023.2241466","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}

引用次数: 0

Abstract

ABSTRACT The main target of this study is to estimate the determinants and their effect on incentives implemented in the electrical energy sector in Turkey. The data of the study covers 60 quarters between 2005 and 2019. While the dependent variable is investment incentives, the independent variables of the study are separated, classified, and tested under three different models. The first model includes economic variables (GDP, interest rate, exchange rate, inflation, export, and import), the second model includes production and investment variables (tariff price, industrial production index, total installed power, gross fixed capital formation), and the third model contains the demand determinant variables (production of the incentive plants, electricity gross demand, peak sudden). Moreover, the dummy variable was included in the study for the 2008 Global Financial Crisis. The results of the ARDL Boundary Test showed that in the long run, GDP and Exchange Rate variables were seen to have the most significant impact on incentives, respectively, where these effects were positive in the case of GDP and negative for the Exchange Rate. These were followed by the 2008 Global Financial Crisis. It is recommended that policymakers should always consider the negative effect of the exchange rates on the incentive system in their long-term planning.

查看原文本刊更多论文

在电力能源部门实施激励措施的决定因素:对土耳其能源市场的实证分析

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Energy Sources Part B-Economics Planning and Policy ENERGY & FUELS-

CiteScore

6.80

自引率

12.80%

发文量

审稿时长

6-12 weeks

期刊介绍： 12 issues per year Abstracted and/or indexed in: Applied Science & Technology Index; API Abstracts/Literature; Automatic Subject Index Citation; BIOSIS Previews; Cabell’s Directory of Publishing Opportunities in Economics and Finance; Chemical Abstracts; CSA Aquatic Science & Fisheries Abstracts; CSA Environmental Sciences & Pollution Management Database; CSA Pollution Abstracts; Current Contents/Engineering, Technology & Applied Sciences; Directory of Industry Data Sources; Economic Abstracts; Electrical and Electronics Abstracts; Energy Information Abstracts; Energy Research Abstracts; Engineering Index Monthly; Environmental Abstracts; Environmental Periodicals Bibliography (EPB); International Abstracts in Operations Research; Operations/Research/Management Science Abstracts; Petroleum Abstracts; Physikalische Berichte; and Science Citation Index. Taylor & Francis make every effort to ensure the accuracy of all the information (the "Content") contained in our publications. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently verified with primary sources of information. Taylor & Francis shall not be liable for any losses, actions, claims, proceedings, demands, costs, expenses, damages, and other liabilities whatsoever or howsoever caused arising directly or indirectly in connection with, in relation to, or arising out of the use of the Content. Terms & Conditions of access and use can be found at http://www.tandfonline.com/page/terms-and-conditions .