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Ekonomi ve Çevre Etkileşimi: Türkiye'de Finansal Gelişim ve Ulaşım Kaynaklı CO2 İlişkisi Üzerine Fourier ADL Analizi

Yıl 2023, Cilt: 4 Sayı: 4, 456 - 476, 28.12.2023

Dilek Çil

https://doi.org/10.54733/smar.1402556

Öz

Çalışmanın amacı, Türkiye’de finansal gelişim ile ulaşım sektörü CO2 miktarı arasındaki uzun dönemli ilişkinin belirlenmesidir. Finansal gelişim ile ulaşım sektörü CO2 miktarı arasındaki uzun dönemli ilişki Fourier ADL yaklaşımı ile 1985-2014 dönemi için tahmin edilmiştir. Finansal gelişimin ulaşım sektörü CO2 miktarı üzerindeki etkisini ortaya koyan uzun dönem katsayılarına ilişkin tahmin ise FMOLS yardımı ile yapılmıştır. Fourier ADL eşbütünleşme test sonuçları değişkenler arasında uzun dönem ilişkisi olduğunu ortaya koymuştur. Uzun dönem katsayıları tahminlerine yönelik sonuçlar finansal gelişimin ulaşımdan kaynaklanan CO2’yi pozitif yönde etkilediğini belirlemiştir. Elde edilen bulgular, finansal gelişimin ulaşımdan kaynaklanan CO2 miktarını artırarak çevresel kalitenin azalmasına sebep olduğu yönündedir. Türkiye için finansal gelişim ile ulaşım sektörü CO2 miktarı arasındaki ilişkinin yapısal kırılmaları dikkate alan Fourier ADL yaklaşımı ile incelenmediği tespit edilmiştir. Dolayısıyla çalışma konu ile ilgili gelişen bu alana katkı sunması bakımından önem arz etmektedir. Ayrıca çalışmanın bir diğer önemi çevresel kalitenin artırılması yönündeki uluslararası anlaşmalara taraf olan Türkiye’de sürdürülebilir bir gelecek için atılması gereken adımlara yol gösterecek zemin hazırlamasıdır. Bu bağlamda Türkiye ekonomisi özelinde önemli olan iki sektörün çevreye duyarlı düzenlemelere ihtiyaç duyduğu ve özellikle finansal sektörün sorumlu ve önemli bir konumda olduğu ifade edilebilir. Dolayısıyla finansal sektörün ulaşım sektörü CO2 miktarını azaltma yönünde hareket edecek proje ve yatırımları destekleyici tutumu, ulaşımdan kaynaklanan CO2 miktarını azaltarak çevre kalitesinin artmasına katkı sunacağa benzemektedir.

Anahtar Kelimeler

finansal gelişim ulaşım CO2 miktarı Fourier ADL eşbütünleşme testi

Kaynakça

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  • Adams, S., Boateng, E., & Acheampong, A. O. (2020). Transport energy consumption and environmental quality: does urbanization matter?. Science of The Total Environment, 744, 140617. https://doi.org/10.1016/j.scitotenv.2020.140617
  • Adom, P. K., Kwakwa, P. A., & Amankwaa, A. (2018). The long-run effects of economic, demographic, and political indices on actual and potential CO2 emissions. Journal of Environmental Management, 218, 516-526. https://doi.org/10.1016/j.jenvman.2018.04.090
  • Afşar, M., & Yüksel, G. Ö. (2022). Küreselleşme, finansal gelişme ve karbon emisyonları ilişkisi: Türkiye üzerine asimetrik kanıtlar. Sakarya İktisat Dergisi, 11(4), 428-449.
  • Ahmed, Z., Ahmad, M., Murshed, M., Vaseer, A. I., & Kirikkaleli, D. (2022). The trade-off between energy consumption, economic growth, militarization, and CO2 emissions: does the treadmill of destruction exist in the modern world?. Environmental Science and Pollution Research, 29, 18063-18076. https://doi.org/10.1007/s11356-021-17068-3
  • Akbar, M. W., Yuelan, P., Maqbool, A., Zia, Z., & Saeed, M. (2021). The nexus of sectoral-based CO2 emissions and fiscal policy instruments in the light of Belt and Road Initiative. Environmental Science and Pollution Research, 28, 32493-32507. https://doi.org/10.1007/s11356-021-13040-3
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  • Al-Mulali, U., Ozturk, I., & Lean, H. H. (2015). The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Natural Hazards, 79, 621-644. https://doi.org/10.1007/s11069-015-1865-9
  • Altınkeski, B. K., Özyiğit, O., & Çevik, E. (2022). Çevre dostu teknolojiler, sivil havacılık ve çevre kalitesi arasındaki ilişkisi: Panel eşik değer regresyon analizi. Gaziantep University Journal of Social Sciences, 21(3), 1162-1179.
  • Altınöz, B., & Altuntaş, M. (2020). G-20 ülkelerinde finansal gelişme, yenilenebilir enerji tüketimi, turizm ve iklim değişikliği ilişkisi. Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi, 23(2), 413-421.
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Interaction between Economy and Environment: Fourier ADL Analysis of Türkiye's Transportation CO2 and Financial Development Relationship

Yıl 2023, Cilt: 4 Sayı: 4, 456 - 476, 28.12.2023

Dilek Çil

https://doi.org/10.54733/smar.1402556

Öz

The study's aim is to determine the long-term relationship between Türkiye's transportation sector's CO2 and financial development. The long-run relationship between financial development and transportation sector CO2 is estimated for the period 1985–2014 with the Fourier ADL approach. The FMOLS estimator is employed to estimate the long-run coefficients that show how financial development affects CO2 in the transportation sector. Fourier ADL cointegration test results indicate that there is a long-run relationship between the variables. The results of the long-run coefficient estimations revealed that financial development positively affects CO2 from transportation. The results show that financial development raises transportation-related CO2, which lowers environmental quality. For Türkiye, the relationship between financial development and transportation sector CO2 has not been examined with the Fourier ADL approach that takes structural breaks into account. Therefore, the study is important in terms of contributing to this developing field. The study's preparation of the foundation for future sustainable development initiatives in Türkiye, a signatory to international accords aimed at enhancing environmental quality, is also significant. In this regard, it has been established that two sectors critical to the Turkish economy require environmentally sensitive legislation, and that the financial sector is in a responsible and significant position. Therefore, the financial sector's supportive attitude towards projects and investments that will act to reduce the amount of CO2 in the transportation sector is likely to contribute to the improvement of environmental quality by reducing the amount of CO2 from transportation.

Anahtar Kelimeler

financial development transportation CO2 Fourier ADL cointegration test

Kaynakça

  • Abid, A., Mehmood, U., Tariq, S., & Haq, Z.U. (2022). The effect of technological innovation, FGI, and financial development on CO2 emission: Evidence from the G8 countries. Environmental Science and Pollution Research, 29, 11654-11662. https://doi.org/10.1007/s11356-021-15993-x
  • Adams, S., Boateng, E., & Acheampong, A. O. (2020). Transport energy consumption and environmental quality: does urbanization matter?. Science of The Total Environment, 744, 140617. https://doi.org/10.1016/j.scitotenv.2020.140617
  • Adom, P. K., Kwakwa, P. A., & Amankwaa, A. (2018). The long-run effects of economic, demographic, and political indices on actual and potential CO2 emissions. Journal of Environmental Management, 218, 516-526. https://doi.org/10.1016/j.jenvman.2018.04.090
  • Afşar, M., & Yüksel, G. Ö. (2022). Küreselleşme, finansal gelişme ve karbon emisyonları ilişkisi: Türkiye üzerine asimetrik kanıtlar. Sakarya İktisat Dergisi, 11(4), 428-449.
  • Ahmed, Z., Ahmad, M., Murshed, M., Vaseer, A. I., & Kirikkaleli, D. (2022). The trade-off between energy consumption, economic growth, militarization, and CO2 emissions: does the treadmill of destruction exist in the modern world?. Environmental Science and Pollution Research, 29, 18063-18076. https://doi.org/10.1007/s11356-021-17068-3
  • Akbar, M. W., Yuelan, P., Maqbool, A., Zia, Z., & Saeed, M. (2021). The nexus of sectoral-based CO2 emissions and fiscal policy instruments in the light of Belt and Road Initiative. Environmental Science and Pollution Research, 28, 32493-32507. https://doi.org/10.1007/s11356-021-13040-3
  • Ali, H. S., Law, S. H., Lin, W. L., Yusop, Z., Chin, L., & Bare, U. A. A. (2019). Financial development and carbon dioxide emissions in Nigeria: Evidence from the ARDL bounds approach. GeoJournal, 84, 641-655. https://doi.org/10.1007/s10708-018-9880-5
  • Al-Mulali, U., Ozturk, I., & Lean, H. H. (2015). The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Natural Hazards, 79, 621-644. https://doi.org/10.1007/s11069-015-1865-9
  • Altınkeski, B. K., Özyiğit, O., & Çevik, E. (2022). Çevre dostu teknolojiler, sivil havacılık ve çevre kalitesi arasındaki ilişkisi: Panel eşik değer regresyon analizi. Gaziantep University Journal of Social Sciences, 21(3), 1162-1179.
  • Altınöz, B., & Altuntaş, M. (2020). G-20 ülkelerinde finansal gelişme, yenilenebilir enerji tüketimi, turizm ve iklim değişikliği ilişkisi. Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi, 23(2), 413-421.
  • Ari, İ. & Koç, M. (2022). Economic and Financial Development Impacts on Energy Consumption in Qatar. Journal of Management and Economics Research, 20(1), 313-330.
  • Banerjee, P., Arcabic, V., & Lee, H. (2017). Fourier ADL cointegration test to approximate smooth breaks with new evidence from crude oil market. Economic Modelling, 67, 114-124. https://doi.org/10.1016/j.econmod.2016.11.004
  • Batool, Z., Raza, S. M. F., Ali, S., & Abidin, S. Z. U. (2022). ICT, renewable energy, financial development, and CO2 emissions in developing countries of East and South Asia. Environmental Science and Pollution Research, 29(23), 35025-35035
  • BBC News. (2023). Türkiye, https://www.bbc.com/turkce/articles/cv2xv5wj2g7o (Erişim Tarihi: 27 Temmuz 2023).
  • Boutabba, M. A. (2014). The impact of financial development, income, energy and trade on carbon emissions: Evidence from the Indian economy. Economic Modelling, 40, 33-41. https://doi.org/10.1016/j.econmod.2014.03.005
  • Çetin, M., Kırcı, B., Saygın, S., & Alaşahan, Y. (2018). Economic growth, financial development, energy consumption and foreign trade impact on the environmential: A causality analysis for Turkish economy (1960-2013). Balkan Sosyal Bilimler Dergisi, 7(13), 26-43.
  • Çoban, S., & Topcu, M. (2013). The nexus between financial development and energy consumption in the EU: A dynamic panel data analysis. Energy Economics, 39, 81-88. https://doi.org/10.1016/j.eneco.2013.04.001
  • 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.
  • Fan, Y., Zhang, X., & Zhu, L. (2010). Estimating the macroeconomic costs of CO2 emission reduction in China based on multi-objective programming. Advances in Climate Change Research, 1(1), 27-33. https://doi.org/10.3724/SP.J.1248.2010.00027
  • Farhani, S., & Ozturk, I. (2015). Causal relationship between CO2 emissions, real GDP, energy consumption, financial development, trade openness and urbanization in Tunisia. Environmental Science and Pollution Research, 22(20), 15663-15676. https://doi.org/10.1007/s11356-015-4767-1
  • Genç, M. C., & Tandoğan, D. (2015, June). The impacts of CO2 emissions and renewable energy comsuption on economic growth in Turkey: An ARDL cointegration approach. In Fifth International Conference on Environmental Management, Engineering, Planning and Economics (CEMEPE 2015) and SECOTOX Conference, Mykonos, Greece (pp. 14-18).
  • Genç, M. C., Ekinci, A., & Sakarya, B. (2022). The impact of output volatility on CO2 emissions in Turkey: Testing EKC hypothesis with Fourier stationarity test. Environmental Science and Pollution Research, 29, 3008-3021. https://doi.org/10.1007/s11356-021-15448-3
  • Habiba, U., & Xinbang, C. (2022). The impact of financial development on CO2 emissions: New evidence from developed and emerging countries. Environmental Science and Pollution Research, 29(21), 31453-31466.
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Toplam 62 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Bölgesel Çalışmalar
Bölüm Araştırma Makaleleri
Yazarlar

Dilek Çil 0000-0002-8242-1970

Yayımlanma Tarihi 28 Aralık 2023
Gönderilme Tarihi 9 Aralık 2023
Kabul Tarihi 24 Aralık 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 4 Sayı: 4

Kaynak Göster

APA Çil, D. (2023). Ekonomi ve Çevre Etkileşimi: Türkiye’de Finansal Gelişim ve Ulaşım Kaynaklı CO2 İlişkisi Üzerine Fourier ADL Analizi. Sosyal Mucit Academic Review, 4(4), 456-476. https://doi.org/10.54733/smar.1402556
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