Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches

Havanur Ergün Tatar; Hamza Çeştepe

Makale detayları

Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches

Yazarlar:

Havanur Ergün Tatar | Hamza Çeştepe

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Environmental Economy

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1212-1229

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328888

pISSN:

2149-1658

Anahtar kelimeler:

Özet:

 Abstract This study empirically analyzes the relationship between carbon emissions, one of the most important indicators of environmental pollution, and financial development. Using data from Türkiye for the period 1995-2019, the fractional frequency Fourier ADL cointegration method -previously unused in similar studies- is employed for the analysis. The results, which also account for economic growth, demonstrate a cointegration relationship between the variables. Additionally, the FMOLS method is utilized for model estimation, concluding that financial development and growth lead to increased carbon emissions. The study suggests that loans provided to the financial sector should be directed towards technological investments that reduce carbon emissions.

 Abstract This study empirically analyzes the relationship between carbon emissions, one of the most important indicators of environmental pollution, and financial development. Using data from Türkiye for the period 1995-2019, the fractional frequency Fourier ADL cointegration method -previously unused in similar studies- is employed for the analysis. The results, which also account for economic growth, demonstrate a cointegration relationship between the variables. Additionally, the FMOLS method is utilized for model estimation, concluding that financial development and growth lead to increased carbon emissions. The study suggests that loans provided to the financial sector should be directed towards technological investments that reduce carbon emissions.

 Abstract This study empirically analyzes the relationship between carbon emissions, one of the most important indicators of environmental pollution, and financial development. Using data from Türkiye for the period 1995-2019, the fractional frequency Fourier ADL cointegration method -previously unused in similar studies- is employed for the analysis. The results, which also account for economic growth, demonstrate a cointegration relationship between the variables. Additionally, the FMOLS method is utilized for model estimation, concluding that financial development and growth lead to increased carbon emissions. The study suggests that loans provided to the financial sector should be directed towards technological investments that reduce carbon emissions.

 Abstract This study empirically analyzes the relationship between carbon emissions, one of the most important indicators of environmental pollution, and financial development. Using data from Türkiye for the period 1995-2019, the fractional frequency Fourier ADL cointegration method -previously unused in similar studies- is employed for the analysis. The results, which also account for economic growth, demonstrate a cointegration relationship between the variables. Additionally, the FMOLS method is utilized for model estimation, concluding that financial development and growth lead to increased carbon emissions. The study suggests that loans provided to the financial sector should be directed towards technological investments that reduce carbon emissions.

Makale detayları

Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches

Yazarlar:

Havanur Ergün Tatar | Hamza Çeştepe

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Environmental Economy

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1212-1229

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328888

pISSN:

2149-1658

Carbon Emissions

Financial Development

Fractional Frequency Fourier Cointegration

Sayı

Makale detayları

Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches

Yazarlar: Havanur Ergün Tatar | Hamza Çeştepe

Yayıncı: Burdur Mehmet Akif Ersoy University

Ana Başlıklar: Environmental Economy

Dergi: Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1212-1229

Belge Tipi: Makale

Yayın Tarihi: 9/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001328888

pISSN: 2149-1658

Carbon Emissions

Financial Development

Fractional Frequency Fourier Cointegration

Sayı

Yazarlar:

Havanur Ergün Tatar | Hamza Çeştepe

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Environmental Economy

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1212-1229

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328888

pISSN:

2149-1658