Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches
AbstractThis 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 unuse...
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Mehmet Akif Ersoy University
2024-09-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/3909274 |
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| author | Havanur Ergün Tatar Hamza Çeştepe |
| author_facet | Havanur Ergün Tatar Hamza Çeştepe |
| author_sort | Havanur Ergün Tatar |
| collection | DOAJ |
| description | AbstractThis 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 |
| format | Article |
| id | doaj-art-79b693c5e5c8448a8f0679e932ff43ba |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-79b693c5e5c8448a8f0679e932ff43ba2025-01-27T13:05:55ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582024-09-011131212122910.30798/makuiibf.1479285273Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier ApproachesHavanur Ergün Tatar0https://orcid.org/0000-0002-4284-9083Hamza Çeştepe1https://orcid.org/0000-0003-1541-5703BARTIN ÜNİVERSİTESİZonguldak Bülent Ecevit ÜniversitesiAbstractThis 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 emissionshttps://dergipark.org.tr/en/download/article-file/3909274carbon emissionsfinancial developmentfractional frequency fourier cointegration |
| spellingShingle | Havanur Ergün Tatar Hamza Çeştepe Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi carbon emissions financial development fractional frequency fourier cointegration |
| title | Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches |
| title_full | Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches |
| title_fullStr | Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches |
| title_full_unstemmed | Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches |
| title_short | Relationship Between Financial Development and Carbon Emissions: Empirical Evidence from Türkiye with Fractional Frequency Fourier Approaches |
| title_sort | relationship between financial development and carbon emissions empirical evidence from turkiye with fractional frequency fourier approaches |
| topic | carbon emissions financial development fractional frequency fourier cointegration |
| url | https://dergipark.org.tr/en/download/article-file/3909274 |
| work_keys_str_mv | AT havanurerguntatar relationshipbetweenfinancialdevelopmentandcarbonemissionsempiricalevidencefromturkiyewithfractionalfrequencyfourierapproaches AT hamzacestepe relationshipbetweenfinancialdevelopmentandcarbonemissionsempiricalevidencefromturkiyewithfractionalfrequencyfourierapproaches |