The impact of financial development on carbon emissions under the structural breaks: Empirical evidence from Turkish economy

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dc.authorscopusid57217859668
dc.authorscopusid57105573900
dc.contributor.authorÇetin, Murat
dc.contributor.authorEcevit, Eyyup
dc.date.accessioned2022-05-11T14:33:30Z
dc.date.available2022-05-11T14:33:30Z
dc.date.issued2017
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThis study aims to examine the impact of financial development on carbon emissions by incorporating economic growth, energy consumption and trade openness to the carbon emissions equation in the case of Turkey for the 1960-2011 period. The unit root properties of the series are investigated through the Zivot-Andrews structural break test. The ARDL bounds test is used to examine a long run relation among the series considering the structural breaks. The causality analysis is performed using the vector error correction model (VECM) Granger causality approach. The empirical findings reveal that (i) there exists a long run relation between the variables in the presence of structural breaks, (ii) financial development, economic growth and trade openness positively affect carbon emission in the long run, (iii) there exists a long run causal linkage running from financial development, economic growth and trade openness to carbon emissions, (iv) the environmental Kuznets curve (EKC) hypothesis is valid for Turkey and (v) economic and financial development has occurred at the expense of environmental degradation. The results may indicate some important policy implications for theTurkish economy. © International Economic Society.
dc.identifier.endpage78
dc.identifier.issn1307-1637
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85033491985
dc.identifier.scopusqualityN/A
dc.identifier.startpage64
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7772
dc.identifier.volume11
dc.indekslendigikaynakScopus
dc.institutionauthorÇetin, Murat
dc.language.isoen
dc.publisherInternational Economic Society
dc.relation.ispartofInternational Journal of Economic Perspectives
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectARDL bounds test
dc.subjectCarbon emissions
dc.subjectCointegration
dc.subjectFinancial development
dc.subjectVECM causality
dc.titleThe impact of financial development on carbon emissions under the structural breaks: Empirical evidence from Turkish economy
dc.typeArticle

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