Does the level of financial development affect renewable energy? Evidence from developed countries with system generalized method of moments (System-GMM) and cross-sectionally augmented autoregressive distributed lag (CS-ARDL)

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dc.authoridSAYGIN, OGUZ/0000-0002-0272-5553
dc.contributor.authorSaygin, Oguz
dc.contributor.authorIskenderoglu, Omer
dc.date.accessioned2024-11-07T13:31:31Z
dc.date.available2024-11-07T13:31:31Z
dc.date.issued2022
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThe relationship between financial development and energy consumption is the most frequently research subject in economy and finance. The main objective of conducting this paper is to answer does financial development have an impact on renewable energy in developed countries? Many papers performed in energy literature, the findings were pointing to the existence of this kind of relationship. In order to examine the relationship between financial development and renewable energy consumption, a total of 23 developed countries, benefited from annual frequency data between 1990 and 2015. In addition to the widely used system generalized method of moments estimation method, models are also estimated with modern estimators using the cross-sectionally augmented autoregressive distributed lag. As a result of the analysis performed indicates that there is a strong relationship between financial development and renewable energy consumption in developed countries when financial development is measured using banking variables. Otherwise, the estimated coefficients on stock market variables are negative and none of them found statistically significant in all models. These findings are consistent for both estimators.
dc.description.sponsorshipNigde Universitesi [SOB2013/05-DOKTEP]
dc.description.sponsorshipNigde Universitesi, Grant/Award Number: SOB2013/05-DOKTEP
dc.identifier.doi10.1002/sd.2319
dc.identifier.endpage1342
dc.identifier.issn0968-0802
dc.identifier.issn1099-1719
dc.identifier.issue5
dc.identifier.scopus2-s2.0-85128908745
dc.identifier.scopusqualityQ1
dc.identifier.startpage1326
dc.identifier.urihttps://doi.org/10.1002/sd.2319
dc.identifier.urihttps://hdl.handle.net/11480/14893
dc.identifier.volume30
dc.identifier.wosWOS:000788506300001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofSustainable Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241106
dc.subjectCS-ARDL
dc.subjectdeveloped countries
dc.subjectfinancial development
dc.subjectrenewable energy consumption
dc.subjectsystem GMM
dc.titleDoes the level of financial development affect renewable energy? Evidence from developed countries with system generalized method of moments (System-GMM) and cross-sectionally augmented autoregressive distributed lag (CS-ARDL)
dc.typeArticle

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