Fi̇nansal Geli̇şme Ve Enerji̇ Tüketi̇mi̇ Arasinda Sakli Eş Bütünleşme İli̇şki̇si̇ Var Midir  ?

Barut, Abdülkadir; Ayaydın, Hasan; Çam, Alper Veli; Pala, Fahrettin

doi:10.36543/kauiibfd.2019.039

Cited by 3 publications

(1 citation statement)

References 13 publications

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“…Çetin [42] explored the relationship between financial sector development and energy use in Turkey for the duration of 190-2015 through the ARDL approach and disclosed that financial sector development raised the energy use and revealed a unilateral causality from financial development to energy use. Ayaydın et al [43] and Kurt [44] also reached a unilateral causal interaction from the development of the financial sector to energy use for Turkey. Fernandes and Reddy [45] explored the determinants of energy consumption in China, India, Indonesia, Malaysia, Philippines and Thailand and disclosed a unilateral causality from financial development to energy consumption in China.…”

Section: Literature Reviewmentioning

confidence: 95%

Financial Development, Financial Inclusion and Primary Energy Use: Evidence from the European Union Transition Economies

et al. 2021

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The main objective of the research is to analyze the impact of financial sector development indicators and financial institutions access on primary energy use based on a sample of European Union transition members over 20 years period (1996–2017) through panel cointegration and causality tests that allow for cross-section dependence. The causality analysis revealed that the direction of the causality among financial development indicators, financial institutions access, and primary energy use varied among the countries. On the other side, panel cointegration coefficients disclosed that the financial development index positively affected the primary energy use, but private credit did not have a significant effect on the primary energy use. Furthermore, financial institutions’ access had a significant negative impact on primary energy use. However, country-level cointegration coefficients indicated that the financial development index positively affected the primary energy use in Bulgaria, Croatia, Czechia, Hungary, and Slovenia, and private credit also had a positive impact on primary energy use in Bulgaria, Czechia, Estonia, Hungary, Lithuania, Poland, and Slovakia, but the effect of financial development index on primary energy use was found to be very higher than that of private credit. Moreover, financial institutions’ access negatively affected the primary energy use in Croatia, Estonia, Hungary, Poland, and Romania.

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Section: Literature Reviewmentioning

confidence: 95%

Financial Development, Financial Inclusion and Primary Energy Use: Evidence from the European Union Transition Economies

et al. 2021

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Education, Financial Development, and Primary Energy Consumption: An Empirical Analysis for BRICS Economies

2022

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Energy is life blood of all economies and an indispensable prerequisite for all economic activities and consequently factors influencing the energy consumption are of vital importance. Therefore, this study investigates the effect of education together with financial development on energy consumption in sample of BRICS economies over the 1990–2019 period by means of second-generation cointegration and causality analyses thanks to the small number of empirical studies. The causality analysis unveils a one-way causal effect from education to primary energy consumption, but an insignificant causality between financial development and primary energy consumption. The cointegration analysis uncovers a strong positive effect of education at panel level and in all BRICS economies in the long-term, but financial sector development has a significant positive influence on primary energy use only in South Africa in the long-term. The findings of the study reveal that education considerably increases the primary energy use in the BRICS economies through economic growth channel, but financial sector development has not been a significant determinant of primary energy use yet. However, the BRICS economies should attach more importance to green technology and energy focused growth for sustainable growth and development.

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Analysis of the Relationship Between Financialization and Energy Consumption: Empirical Evidence From the Organization of Turkic States

Türkmen

2022

Journal of Economics and Research

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Energy, which forms the basis of modern society, is one of the most important elements of social development and economic growth. There are many studies in the literature examining the relationship between energy consumption and economic growth. On the other hand, there have not been many studies examining the relationship between financial development and energy consumption, which is accepted as an important policy tool in contributing to the economic growth process of developing countries. The aim of this study is to investigate the relationship between financial development and energy consumption for the period of 1995-2018 in Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkey, which are members of the Organization of Turkic States. Dynamic panel data analysis method was used in empirical analysis. In the study, in which tests with structural breaks were applied, the existence of a long-term relationship between energy consumption and financial development was determined.

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Fi̇nansal Geli̇şme Ve Enerji̇ Tüketi̇mi̇ Arasinda Sakli Eş Bütünleşme İli̇şki̇si̇ Var Midir ?

Cited by 3 publications

References 13 publications

Financial Development, Financial Inclusion and Primary Energy Use: Evidence from the European Union Transition Economies

Financial Development, Financial Inclusion and Primary Energy Use: Evidence from the European Union Transition Economies

Education, Financial Development, and Primary Energy Consumption: An Empirical Analysis for BRICS Economies

Analysis of the Relationship Between Financialization and Energy Consumption: Empirical Evidence From the Organization of Turkic States

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