1. FİNANSAL GELİŞME-ENERJİ TÜKETİMİ İLİŞKİSİ: TÜRKİYE ÖRNEĞİ.
- Author
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EYÜBOĞLU, Sinem and EYÜBOĞLU, Kemal
- Subjects
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ENERGY consumption , *ECONOMIC expansion - Abstract
Energy consumption is of great importance for the sustainable development of a country in terms of economic, social and environmental aspects. In financial development, it is an important factor for a country's economic growth, stability and prosperity. In the paper, the nexus among energy consumption, financial development, economic growth and trade openness were tested using the ARDL method for the period 1980-2020. In the study, the square of financial development was also included in the analysis, and the nonlinear relationship between energy consumption and financial development was also examined. The findings showed that there is an inverted U-shaped relationship between energy consumption and financial development. Accordingly, initially, financial development increases energy consumption, but after a certain point, energy consumption begins to decrease. In addition, it has been determined that economic growth positively effects energy consumption in both the short and long term, while trade openness negatively effects. Analysis of the relationship between financial development and energy consumption will be an important step to understand the economic, environmental and social effects of energy policies and to build a sustainable energy future. [ABSTRACT FROM AUTHOR]
- Published
- 2023