THE IMPACT OF FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND HUMAN CAPITAL ON ECOLOGICAL FOOTPRINT: THE EXAMPLE OF TURKEY

Esra Koç; Mehmet Aslan

Makale detayları

THE IMPACT OF FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND HUMAN CAPITAL ON ECOLOGICAL FOOTPRINT: THE EXAMPLE OF TURKEY

Yazarlar:

Esra Koç | Mehmet Aslan

Yayıncı:

Anadolu University

Ana Başlıklar:

Macroeconomics (Other) | Environmental Economy | Financial Economy

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 3, pp.218-244

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001328567

pISSN:

2687-184X

Anahtar kelimeler:

Özet:

 As developing countries move towards economic prosperity, this process can also increase their ecological footprint. Therefore, it is important to determine the factors affecting the ecological footprint EF for sustainable development. From this perspective, this study investigates the impact of Turkeys economic growth, financial development and human capital on EF in the period from 1980 to 2019 using the Augmented ARDL method. According to the analysis results, it has been observed that Turkeys financial development and economic growth increased its ecological footprint in the period from 1980 to 2019, while human capital decreased its ecological footprint. According to the causality results, a bidirectional causality relationship was determined between ecological footprint - economic growth and ecological footprint - financial development, and a unidirectional causality relationship from economic growth to financial development, from human capital to financial development and from human capital to ecological footprint. According to the econometric analysis results, suggestions were presented to policy makers.

 As developing countries move towards economic prosperity, this process can also increase their ecological footprint. Therefore, it is important to determine the factors affecting the ecological footprint EF for sustainable development. From this perspective, this study investigates the impact of Turkeys economic growth, financial development and human capital on EF in the period from 1980 to 2019 using the Augmented ARDL method. According to the analysis results, it has been observed that Turkeys financial development and economic growth increased its ecological footprint in the period from 1980 to 2019, while human capital decreased its ecological footprint. According to the causality results, a bidirectional causality relationship was determined between ecological footprint - economic growth and ecological footprint - financial development, and a unidirectional causality relationship from economic growth to financial development, from human capital to financial development and from human capital to ecological footprint. According to the econometric analysis results, suggestions were presented to policy makers.

 As developing countries move towards economic prosperity, this process can also increase their ecological footprint. Therefore, it is important to determine the factors affecting the ecological footprint EF for sustainable development. From this perspective, this study investigates the impact of Turkeys economic growth, financial development and human capital on EF in the period from 1980 to 2019 using the Augmented ARDL method. According to the analysis results, it has been observed that Turkeys financial development and economic growth increased its ecological footprint in the period from 1980 to 2019, while human capital decreased its ecological footprint. According to the causality results, a bidirectional causality relationship was determined between ecological footprint - economic growth and ecological footprint - financial development, and a unidirectional causality relationship from economic growth to financial development, from human capital to financial development and from human capital to ecological footprint. According to the econometric analysis results, suggestions were presented to policy makers.

 Gelişmekte olan ülkeler ekonomik refaha doğru ilerlerken, bu süreç onların ekolojik ayak izini de arttırabilmektedir. Bu nedenle, sürdürülebilir bir kalkınma için ekolojik ayak izini EF etkileyen faktörlerin belirlenmesi önemlidir. Bu perspektiften bakıldığında bu çalışma, Türkiyenin 1980den 2019a kadarki dönemde ekonomik büyümesinin, finansal kalkınmasının ve insan sermayesinin, EF üzerindeki etkisini Genişletilmiş ARDL Augmented ARDL yöntemiyle araştırmaktır. Analiz sonuçlarına göre Türkiyenin 1980den 2019a kadar olan dönemde finansal gelişme, ekonomik büyümenin ekolojik ayak izini artırdığı, insan sermayesinin ise ekolojik ayak izini azalttığı gözlemlenmiştir. Nedensellik sonuçlarına göre ekolojik ayak izi  ekonomik büyüme ve ekolojik ayak izi  finansal gelişme arasında çift yönlü, ekonomik büyümeden finansal gelişmeye, beşerî sermayeden finansal gelişmeye ve beşerî sermayeden ekolojik ayak izine doğru tek yönlü nedensellik ilişkisi tespit edilmiştir. Ulaşılan ekonometrik analiz sonuçlarına göre politika yapıcılara öneriler sunulmuştur.

Makale detayları

THE IMPACT OF FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND HUMAN CAPITAL ON ECOLOGICAL FOOTPRINT: THE EXAMPLE OF TURKEY

Yazarlar:

Esra Koç | Mehmet Aslan

Yayıncı:

Anadolu University

Ana Başlıklar:

Macroeconomics (Other) | Environmental Economy | Financial Economy

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 3, pp.218-244

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001328567

pISSN:

2687-184X

Ecological Footprint

Financial Development

Economic Growth

Human Capital

TurkeyEkolojik Ayak İzi

Finansal Gelişme

Ekonomik Büyüme

Beşerî Sermaye

Türkiye

Sayı

Makale detayları

Yazarlar: Esra Koç | Mehmet Aslan

Yayıncı: Anadolu University

Ana Başlıklar: Macroeconomics (Other) | Environmental Economy | Financial Economy

Dergi: Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 3, pp.218-244

Belge Tipi: Makale

Yayın Tarihi: 9/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001328567

pISSN: 2687-184X

Sayı

Yazarlar:

Esra Koç | Mehmet Aslan

Yayıncı:

Anadolu University

Ana Başlıklar:

Macroeconomics (Other) | Environmental Economy | Financial Economy

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 3, pp.218-244

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001328567

pISSN:

2687-184X