The nexus between financial development and renewable energy consumption: a review for emerging countries
Küçük Resim Yok
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Heidelberg
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The relationship between financial development and energy consumption is the most frequently research field in finance and economy. The main objective of performing this study is to answer that is there a relationship between financial development and renewable energy consumption in emerging countries? In many studies carried out in literature, the empirical findings were pointing to the existence of thiss relationship. To examine the relationship between financial development and renewable energy consumption, a total of 20 emerging countries were obtained from annual frequency data between 1990 and 2015. The system GMM estimation was used as the method of study. As a result of the analysis performed, it indicates that financial development does not impact renewable energy consumption in emerging countries when financial development is measured using both banking and stock market variables. Additionally, it can be said that the financial development increases renewable energy consumption if it is measured by only stock market capitalization.
Açıklama
Anahtar Kelimeler
Financial development, Renewable energy consumption, Renewable energy sources, Dynamic panel data analysis, System GMM method
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
29
Sayı
10
