Author's Name: |
Cemil Serhat Akin, Cengiz Aytun & Izzettin Ulusoy |
Subject Area: |
Social Science and Humanities |
Subject |
Economics |
Section |
Research Paper |
Keyword:
Renewably energy resources, Institutional Quality, Human development index, Panel Data Analysis.
Abstract
Although there are many studies upon questioning the relation between the economic growth and environmental quality, there are a few studies which questioned relationship between the institutional quality, environmental quality and human development index. For this reason aim of this study is to analyze relationship between renewable energy usage and per capita income, educational expenditure, institutional quality index and human development index. The datum for countries which belong to middle income group which covers the period between the years from 2001 to 2012 was examined by the panel data analysis method. The obtained results support that there is a bilateral causality relationship between renewable energy resources and human HDI in the short run. In the long run, it was shown that income level, educational expenditure institutional quality and human development index cause of renewable energy resources.