Yükselen Piyasa Ekonomilerinde Finansal Gelişme ile İnsani Gelişme Arasındaki İlişki: Panel Vector Autoregression Yaklaşımı

DergiPark: 868141trakyasobedBu çalışmanın amacı en iyi 10 yükselen piyasa ekonomisinde finansal gelişmişliğin insani gelişim üzerindeki etkisini panel vector autoregression (PVAR) yaklaşımı kullanarak 1990-2018 dönemi için ele almaktır. Bu amaçla özel sektöre sağlanan krediler ve M2 para arzı temel finansal gelişim göstergeleri olarak benimsenmiştir. Elde edilen sonuçlar özel sektöre sağlanan kredilerin GSYH içindeki payında meydana gelen bir birimlik artışın insani gelişmişliği yaklaşık yüzde 0,2 artırdığı görülürken, M2 para arzındaki bir artışın istatistiksel olarak anlamlı bir etkisi tespit edilememiştir. Ayrıca nedensellik testi sonuçlarından insani gelişme ile finansal gelişme arasında çift yönlü bir nedensellik ilişkisinin varlığı tespit edilirken, M2 para arzı ile insani gelişim arasında nedensellik ilişkisine rastlanmamıştır

The impact of renewable energy consumption to economic growth: a replication and extension of Inglesi-Lotz (2016)

This study replicates and extends the results presented in a top-cited article in this journal, Inglesi-Lotz (2016), which analyzes the impact of renewable energy consumption to economic growth for the OECD countries by applying the ordinary least squares with fixed effect estimator on the data from 1990 to 2010. By using the same data and methods, this study first produces and compare empirical results with those reported in the original article. Then, it applies a set of new econometric methods on the same data to address heterogeneity in renewable energy and economic growth across the analyzed group of countries. The panel quantile regression estimation shows that the effect of renewable energy consumption on economic growth is positive for lower and low-middle quantiles; however, its effect becomes negative for middle, high-middle, and higher quantiles when renewable energy consumption is proxied by the absolute value. Furthermore, a negative impact of renewable energy on economic growth is observed in almost all quantiles when it is proxied by the share of renewable energy consumption to total energy consumption. These results greatly differ from those of the original studypublishe

The impact of natural resources and gross capital formation on economic growth in the context of globalization: evidence from developing countries on the continent of Europe, Asia, Africa, and America

The aim of this paper is to investigate the nexus between natural resources, gross capital formation, globalization, and economic growth in the developing countries from European, Asian, African, and American continents. It adopted the panel vector autoregression (PVAR) approach to test this relationship for the period from 1980 to 2018. Results suggest that natural resources and globalization have a positive impact on economic growth in European, Asian, and American countries, while capital formation negatively affects growth. In African countries, the effect of globalization and gross capital formation is positive, but natural resources have a negative impact on GDP. Evidence from all continents illustrate that there is bidirectional causality between globalization and economic growth. Also, there is bidirectional causality detected between capital formation and growth in Europe and Asia and between natural resources and growth in Asia and America, while there is unidirectional causality from GDP to natural resources in Europe, from capital formation to GDP in Africa and America, from GDP to natural resources in Europe, and from natural resources to GDP in America. Based on these results, it can be said that new growth models can no longer be independent of natural resource rents and globalization

Energy consumption, carbon dioxide emissions and economic growth: Fresh evidence from 57 countries and panel quantile regressions

This paper analyzes the association across energy consumption, carbon dioxide emissions and economic growth. According to the results of panel quantile regression model for 57 countries from three different regions, deviations from sustainable growth after the middle growth level in the full sample and the European and Asian countries sample are prominent. Similar results are obtained from Middle East and African countries, but the deviations begin earlier. In the case of the Latin American findings, the estimates clearly document that carbon emissions (at all levels) and energy consumption (at the medium and high levels) exert a negative impact on economic growth, indicating the inability of Latin American countries to achieve sustainable economic growth targets.N/

Investigating the nexus between CO2 emissions, economic growth, energy consumption and pilgrimage tourism in Saudi Arabia

Every year millions of Muslims go to Saudi Arabia to fulfil pilgrimage worship, thus Saudi Arabia is such a religious centre brings with it various consequences. In this context, this paper investigates the nexus between CO2 emissions, economic growth, energy consumption and pilgrimage tourism in Saudi Arabia for the period of 1968-2017. The dynamic ordinary least squares (DOLS) and fully-modified ordinary least squares (FMOLS) methods are employed in this study. FMOLS results prove that energy consumption, number of pilgrims and oil prices have a positive effect on CO2 emissions and GDP has a negative effect on it, while DOLS results imply that only energy consumption has a positive effect on carbon emissions. In addition, there is unidirectional causality from CO2 to pilgrimage tourism and from pilgrimage tourism to oil, and there is bidirectional causality between pilgrimage tourism and GDP. Therefore, the environmental cost of pilgrimage tourism is inevitable. Reflections of pilgrimage visits to Saudi Arabia as a belief tourism are dealt with for the first time in this paper. In addition, our more specific purpose is to determine the environmental impacts of Muslims performing the pilgrimage, during their religious worship

The link between urbanization and air pollution in Turkey: evidence from dynamic autoregressive distributed lag simulations

© 2021, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.This study investigates the relationship between urbanization and air pollution in Turkey. Dynamic ARDL method was used for the period 1960–2015. According to the findings, there is a positive and statistically significant relationship between long-term urbanization and CO2. If urbanization increased by 1%, carbon emissions increased by 0.02%. There is a similar relationship between the shocks that will occur in population growth and CO2 emission in the long term. However, there is a negative and statistically insignificant relationship between the two variables. In the relationship between GDP and CO2, there is a positive relationship in the long term. GDP increase of 1% increases CO2 emissions by 0.11%. There is a similar relationship between long-term GDP shocks and CO2 emissions. According to short-term analysis results, energy consumption increases CO2 emissions by the same rate as GDP. However, the astonishing result of the study emerges here. Empirical results show that a long-term positive shock in energy consumption reduces CO2 emissions and a negative shock increases pollution. According to these results, Turkey has not reached the point of sustainable growth. For this reason, this developing country needs to make regulatory implementations and determine future policies for these impacts affecting air pollution