Hydropower Energy Consumption, Financial Development, Foreign Direct Investment, and Economic Growth: Further Evidence from Newly Industrialized Countries

Zeren, Feyyaz; Hızarcı, Atike Elanur

doi:10.1007/s13132-023-01135-w

Cited by 2 publications

(1 citation statement)

References 45 publications

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“…Consumption of these renewable energy sources is one of the activities that reduces carbon emissions. Studies conducted in recent years have also sought to answer the question of how there is a relationship between carbon emissions and renewable energy consumption and financial development indicators (Alam et al, 2015;De Haas & Popov, 2019;Grileiro, 2019;Sadorsky, 2010a;Yuping et al, 2021;Zafar et al, 2019;Zeqiraj et al, 2020;Zeren & Koc, 2014). Richmond and Kaufmann (2006) investigated the relationship between income, energy mix and carbon emissions between 1973 and 1997 for 36 countries that accounted for 95% of the world's energy demand, including 20 developed (Organisation for Economic Cooperation and Development (OECD) countries) and 16 developing (non-OECD) countries.…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Renewable Energy Consumption and Stock Market Capitalisation and Carbon Emissions: Insights from G20 Countries

AYRIÇAY,

KILIÇ,

AYDINGÜLÜ SAKALSIZ

2024

Sosyoekonomi

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The research question of whether carbon emissions affect the economic growth and financial development of countries is discussed in the literature. Based on this, this study examines the relationship between carbon emissions (CO2) market capitalisation and renewable energy consumption, which are financial development indicators. The model established with the carbon emissions, renewable energy consumption, market value, fixed capital investments and gross domestic product indicators of the G20 countries between 1992 and 2018 was tested with panel data cointegration analysis and panel causality analysis. As a result of the empirical analysis, it has been found that there is a statistically significant and negative relationship between renewable energy consumption, market capitalisation and carbon emissions, and there is a bidirectional causality relationship between market capitalisation and carbon emissions. The results are that the effective use of energy and the developments in the financial system will contribute to sustainable development policies.

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Section: Literature Reviewmentioning

confidence: 99%

The Relationship Between Renewable Energy Consumption and Stock Market Capitalisation and Carbon Emissions: Insights from G20 Countries

AYRIÇAY,

KILIÇ,

AYDINGÜLÜ SAKALSIZ

2024

Sosyoekonomi

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Sustainable Energy Sources and Financial Development Nexus—Perspective of European Union Countries in 2013–2021

Zioło,

Bąk,

Spoz

2024

Energies

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The focus of this paper is the relationship between sustainable energy sources and financial development. The main research hypothesis assumes a positive link between these areas, with inevitable differences across countries and business sectors. The following research questions were asked: Is the impact of financial development on sustainable energy resources the same in different EU countries advanced in green transition processes? How is transition towards renewable energy sources progressing in different economic sectors? Does financial development influence sectoral transition in particular countries? This study uses the TOPSIS method and 25 variables for EU countries from 2013 to 2021. Key findings reveal that the link between sustainable energy sources and financial development varies across EU countries, country size affects energy autonomy, and the transition also differs by business sector. Surprisingly, higher financial development correlates with less progress in sustainable energy initiatives. The results of our research may be useful for government decision-makers in the process of designing and controlling the country’s transition to sustainable energy. The original contribution of the study is expressed in its the diagnosis of the relationship between financial development and sustainable energy sources, while most studies have focused on the relationship between the energy market and financial development.

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Hydropower Energy Consumption, Financial Development, Foreign Direct Investment, and Economic Growth: Further Evidence from Newly Industrialized Countries

Cited by 2 publications

References 45 publications

The Relationship Between Renewable Energy Consumption and Stock Market Capitalisation and Carbon Emissions: Insights from G20 Countries

The Relationship Between Renewable Energy Consumption and Stock Market Capitalisation and Carbon Emissions: Insights from G20 Countries

Sustainable Energy Sources and Financial Development Nexus—Perspective of European Union Countries in 2013–2021

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