Estimation of the Relationship Between Financial Development Indicators - Renewable Energy Consumption - Economic Growth: 1990-2021 Period Türkiye
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Ertürkmen,
G.
(ed.)
2024.
Academic Analysis in Macroeconomics.
Synopsis
Energy, which is important in achieving sustainable growth and development goals, is present in every aspect of our lives in different forms. Likewise, financial development also plays an important role in achieving the sustainable economic growth targets of countries. In this context, this study investigates the relationship between renewable energy, financial development and economic growth in Türkiye in the period 1990-2021. As a result of the cointegration analysis test, the existence of a long-term relationship between the variables was obtained. According to the causality analysis findings, a bidirectional causality relationship was obtained between economic growth and money supply representing financial development. While a one-way causality relationship from economic growth and money supply to renewable energy consumption is obtained, a bidirectional relationship is obtained between private sector loans provided by banks representing financial development and renewable energy consumption.
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Copyright (c) 2024 Gülferah Ertürkmen; Gülferah Ertürkmen, Zülküf Aydemir, Aslı Özen Atabey, Serhat Alpağut, Tuğba Konuk, Ayşe Eryer, İbrahim Aytekin, Mustafa Karakuş, Mert Anıl Atamer, Zekiye Örtlek, Mücahit Ülger, Mehmet Uçar, Ömer Tanju Durusoy, Seher Suluk, Ayşe Nur Şahinler, Erhan Uluceviz