SavedAdd your journal

Journals / İktisat Politikası Araştırmaları Dergisi / 2021 / Cilt: 8 - Sayı: 2

The Impacts of Economic Globalization and Financial Development on Turkey’s Carbon Dioxide Emissions: Do Multi-Dimensional Indices Provide Fresh Evidence?

İktisadi Küreselleşmenin ve Finansal Kalkınmanın Türkiye’deki Karbondioksit Emisyonuna Etkisi: Çok Boyutlu İndeksler Yeni Bulgular Sunuyor Mu?

Alper KARASOY
Pages
75–100
Publication Date
2021-08-04
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

These results, coupled with the evidence retrieved from control variables (income, income squared, energy consumption, industrialization, and urbanization), are utilized to put forward various policy suggestions.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This research investigates the environmental impacts of economic globalization and financial development in Turkey by considering multi- dimensional indices.
📊
Key Findings & Data:Three models are estimated in this research for the 1980-2016 period by employing the augmented autoregressive distributed lag (augmented ARDL) bounds testing procedure.
💡
Conclusion & Impact:These results, coupled with the evidence retrieved from control variables (income, income squared, energy consumption, industrialization, and urbanization), are utilized to put forward various policy suggestions.
🔬Design:Modeling & Simulation
📍Scope:2016 Verileri
⚙️Variables:Karbondioksit emisyonu · iktisadi küreselleşme indeksi · finansal kalkınma indeksi

Abstract

This research investigates the environmental impacts of economic globalization and financial development in Turkey by considering multi- dimensional indices. Three models are estimated in this research for the 1980-2016 period by employing the augmented autoregressive distributed lag (augmented ARDL) bounds testing procedure. According to the findings, in the long run (LR), economic and financial globalization do not affect Turkey’s carbon dioxide emissions, whereas trade globalization decreases them. Additionally, in the short-run (SR), economic, trade, and financial globalization do not impact Turkey’s carbon emissions. Moreover, financial development intensifies carbon dioxide emissions either in the LR or in the SR. These results, coupled with the evidence retrieved from control variables (income, income squared, energy consumption, industrialization, and urbanization), are utilized to put forward various policy suggestions.

Özet

Bu araştırmada, iktisadi küreselleşmenin ve finansal kalkınmanın Türkiye’deki çevresel etkileri çok boyutlu indeksler üzerinden incelenmiştir. Üç modelin tahmin edildiği bu araştırmada, 1980-2016 dönemi temel alınmış ve yöntem olarak genişletilmiş dağıtılmış gecikmeli otoregresif (genişletilmiş ARDL) sınır testi yaklaşımı kullanılmıştır. Araştırmanın bulgularına göre, uzun dönemde, iktisadi ve finansal küreselleşmenin Türkiye’deki karbondioksit emisyonunu etkilemediği fakat ticari küreselleşmenin karbondioksit emisyonunu azalttığı bulunmuştur. İlaveten, kısa dönemde, iktisadi küreselleşme (ticari ve finansal küreselleşme boyutları da dahil olmak üzere) karbondioksit emisyonunu etkilememektedir. Ayrıca finansal kalkınmanın (uzun dönemde veya kısa dönemde) karbondioksit emisyonunu arttırdığı da tespit edilmiştir. Bu sonuçlar, araştırmada kullanılmış kontrol değişkenlerine (gelir, gelirin karesi, enerji tüketimi, sanayileşme ve kentleşme) ait bulgularla birlikte değerlendirilerek çeşitli politika önerileri ileri sürülmüştür.

🔖

Cite This Article

KARASOY, A. (2021). The Impacts of Economic Globalization and Financial Development on Turkey’s Carbon Dioxide Emissions: Do Multi-Dimensional Indices Provide Fresh Evidence?. İktisat Politikası Araştırmaları Dergisi, Cilt: 8 - Sayı: 2, 75–100. https://ajindex.com/articles/243897

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (2)

  1. Akçay, S., & Karasoy, A. (2018). Doğrudan Yabancı Yatırımlar ve Karbondioksit Emisyonu İlişkisi: Türkiye Örneği (The Relationship Between Foreign Direct Investments and Carbon Dioxide Emissions: The Case of Turkey). Ankara Üniversitesi SBFDergisi, 73(2), 501-526. https://doi.Org/https://doi.org/10.1501/SBFder_0000002507 google scholar Birdsall, N., & Wheeler, D. (1993). Trade Policy and Industrial Pollution in Latin America: Where Are the Pollution Havens? The Journal of Environment & Development, 2(1), 137-149. https://doi. org/10.1177/107049659300200107 google scholar BP Statistical Review of World Energy. (2019). Data. https://www.bp.com/en/global/corporate/energy-economics/ statistical-review-of-world-energy.html google scholar Brown, S. P. A., & McDonough, I. K. (2016). Using the Environmental Kuznets Curve to evaluate energy policy: Some practical considerations. Energy Policy, 98, 453-458. https://doi.org/10.1016/j.enpol.2016.09.020
  2. CAT. (2020). Turkey | Climate Action Tracker. https://climateactiontracker.org/countries/turkey/ google scholar Cetin, M., & Ecevit, E. (2017). The Impact of Financial Development on Carbon Emissions Under The Structural Breaks: Empirical Evidence from Turkish Economy. International Journal of Economics Perspectives, 11(1), 64-78. google scholar Dar, J. A., & Asif, M. (2018). Does financial development improve environmental quality in Turkey? An application of endogenous structural breaks based cointegration approach. Management of Environmental Quality: An International Journal, 29(2), 368-384. https://doi.org/10.1108/MEQ-02-2017-0021 google scholar Day, T., Gonzales, S., & Röschel, L. (2016). İklim Hareketine Geçmenin Yan Faydaları: Türkiye İklim Taahhüdünün Değerlendirmesi. google scholar Destek, M. A., & Ozsoy, F. N. (2015). Relationships between economic growth, energy consumption, globalization, urbanization and environmental degradation in Turkey. International Journal of Energy and Statistics, 03(04), 1550017. https://doi.org/10.1142/S2335680415500179 google scholar Difiglio, C., Güray, B. Ş., & Merdan, E. (2020). Türkiye Enerji Görünümü 2020. https://iicec.sabanciuniv.edu/teo google scholar Dreher, A. (2006). Does globalization affect growth? Evidence from a new index of globalization. Applied Economics, 38(10), 1091-1110. https://doi.org/10.1080/00036840500392078 google scholar Gokmenoglu, K. K., Taspinar, N., & Rahman, M. M. (2020). Military expenditure, financial development and environmental degradation in