The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye

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Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Cilt: 43 Sayı: 2
The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye

The Energy Trilemma as a Driver of Economic Growth: Empirical Findings from Türkiye

Pages : 213-231

View : 82 | Download : 51

Publication Date : 2025-06-25

Article Type : Research Paper

Abstract :The energy trilemma requires a balance between three key dimensions - energy security, energy access and environmental sustainability - to support a sustainable energy system. These three dimensions have a central role in shaping global energy policies. Therefore, this study investigates the impacts of the energy trilemma on economic growth in Turkiye. Using annual data for the period 2000-2022, ARDL method was preferred in this study. The results show that the Energy Trilemma Index has a positive and strong impact on the Gross Domestic Product in the short-run with a coefficient of 0.243, and in the long-run, this impact is even stronger with a coefficient of 0.346. Moreover, the other explanatory variables, i.e., Foreign Direct Investment, Transition to Sustainable Energy, Financial Development, and Gross Fixed Capital Formation, also positively impact economic growth in both the short - and long-run. Therefore, energy policies harmonize economic growth, energy security, environmental sustainability, and social welfare are recommended for economic stability in Turkiye.
Keywords : Enerji Trilemması, Ekonomik Büyüme, Enerji Güvenliği, Çevresel Sürdürülebilirlik, ARDL

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