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Journals / Kamu Ekonomisi ve Kamu Mali Yönetimi Dergisi / 2026 / Cilt: 6 Sayı: 2

Are Economic Freedom, Financial Development, Human Development, Renewable Energy And Environmental Innovations The Fundamental Elements Of Green Economıc Growth? A Study on OECD Countries

Ekonomik Özgürlük, Finansal Gelişme, İnsan Gelişimi, Yenilenebilir Enerji ve Çevresel Yenilikler Yeşil Ekonomik Büyümenin Temel Unsurları mıdır? OECD Ülkeleri Üzerine Bir Çalışma

Mustafa Arıcan0000-0002-0716-2729
Bekir Sami Oguzturk(SÜLEYMAN DEMİREL ÜNİVERSİTESİ)0000-0003-3076-9470
Pages
618–636
Publication Date
2026-10-28
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The findings underscore the significance of green economic growth in attaining sustainable development and environmental protection objectives.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study examines the impact of green innovation, renewable energy, human development, economic freedom, and financial development on green economic growth using panel-data analysis of 22 years of OECD data.
📊
Key Findings & Data:Cointegration tests by Westerlund, Pedroni, and Kao reveal long-term relationships between green growth and the selected variables.
💡
Conclusion & Impact:The findings underscore the significance of green economic growth in attaining sustainable development and environmental protection objectives.
🔬Design:Araştırma Makalesi
📍Scope:Comprehensive Sample
⚙️Variables:Yeşil ekonomik büyüme · finansal gelişme · yeşil inovasyon

Abstract

This study examines the impact of green innovation, renewable energy, human development, economic freedom, and financial development on green economic growth using panel-data analysis of 22 years of OECD data. Cointegration tests by Westerlund, Pedroni, and Kao reveal long-term relationships between green growth and the selected variables. Robust estimators suggest that green innovation, renewable energy, economic freedom, and human development have a positive impact on green economic growth. In contrast, financial development has a more limited effect. The findings underscore the significance of green economic growth in attaining sustainable development and environmental protection objectives.

Özet

Bu çalışma, OECD verilerinin 22 yıllık panel veri analizi kullanılarak yeşil inovasyon, yenilenebilir enerji, insan gelişimi, ekonomik özgürlük ve finansal gelişmenin yeşil ekonomik büyüme üzerindeki etkisini incelemektedir. Westerlund, Pedroni ve Kao tarafından yapılan eşbütünleşme testleri, yeşil büyüme ile seçilen değişkenler arasında uzun vadeli ilişkiler ortaya koymaktadır. Sağlam tahminciler, yeşil inovasyon, yenilenebilir enerji, ekonomik özgürlük ve insan gelişiminin yeşil ekonomik büyüme üzerinde olumlu bir etkiye sahip olduğunu göstermektedir. Buna karşılık, finansal gelişmenin etkisi daha sınırlıdır. Bulgular, sürdürülebilir kalkınma ve çevre koruma hedeflerine ulaşmada yeşil ekonomik büyümenin önemini vurgulamaktadır.

🔖

Cite This Article

Arıcan, M., Oguzturk, B. S. (2026). Are Economic Freedom, Financial Development, Human Development, Renewable Energy And Environmental Innovations The Fundamental Elements Of Green Economıc Growth? A Study on OECD Countries. Kamu Ekonomisi ve Kamu Mali Yönetimi Dergisi, Cilt: 6 Sayı: 2, 618–636. https://ajindex.com/articles/1668569

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