THE LONG-RUN IMPACTS OF PUBLIC DEBT AND INSTITUTIONAL QUALITY INDICATORS ON RENEWABLE ENERGY SUPPLY IN CEE COUNTRIES

Authors : Mümin Atalay Çetin

Pages : 369-386

Doi:10.18092/ulikidince.1723099

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Publication Date : 2025-10-29

Article Type : Research Paper

Abstract :This study aims to investigate the long-term affects of public debt and institutional quality—measured by control of corruption and voice and accountability—on the renewable energy supply in Central and Eastern European (CEE) countries. Time span covers the period from 1996–2019. Heterogeneous panel autoregressive distributed lag (ARDL) methodology adopted in the empirical process. The long-run findings from the panel ARDL analysis indicate that public debt stimulates renewable energy production. Additionally, the long-run coefficients suggest that improvements in voice and accountability enhance clean energy supply, while higher levels of corruption have a detrimental effect on renewable energy development. Furthermore, the panel Granger causality analysis provides evidence of a causal relationship from income per capita, control of corruption, and voice and accountability to renewable energy supply. These findings offer novel and valuable insights for policymakers in CEE countries, highlighting the critical role of public finance and institutional quality in advancing green energy production.
Keywords : Yenilenebilir Enerji, Kamu Borcu, CEE Ülkeleri, Panel Veri, Kurumsal Kalite

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