Sürdürülebilir Kalkınma Amaçları
Yayınlar
- MakaleAçık Erişim2026Electricity Prices, Technology, Productivity, And Environmental Degradation: Implications For Financial Stability
Çakir, Mehmet Ali; Ökte, Mehmet Kutlughan Savas
The limited availability of fossil fuels and the financial pressure they create for countries that do not have the resources have led countries to search for new energy sources. In particular, renewable energy sources and therefore electrical energy obtained from these sources have been proposed in the literature as an alternative to fossil fuels. Thus, this study investigates the impact of electricity prices on financial stability in European Union countries from 2010 to 2021 using Driscoll Kraay fixed effects estimation. Financial stability is measured using the bank z-score, while productivity-intensive technology, environmental quality, and economic growth are included as control variables. The findings indicate that an increase in electricity prices negatively affects the bank z-score. In contrast, productivity-intensive technology positively impacts the bank z-score. Similarly, environmental quality contributes to an increase in the bank z-score. Additionally, economic growth enhances financial stability. Considering that rising electricity prices negatively affect financial stability, policymakers should encourage companies to produce electricity from renewable sources, such as solar panels or wind turbines. This can be supported through incentives such as tax breaks or low-cost financing for firms investing in on-site renewable energy systems. In this way, electricity price fluctuations will have less impact on companies and, in turn, help protect financial stability.
- MakaleAçık Erişim2024Consequences of Information and Communication Technologies and Environmental Degradation on Health Expenditure
Bayraktar, Yuksel; Aydin, Serdar; Çakir, Mehmet Ali; Recepoglu, Mursit; Ozyilmaz, Ayfer; Buyukakin, Figen; Çakir, Sumeyra
This study aims to examine how the subcomponents and overall measurement of ecological footprint, as well as the use of information and communication technologies, affect health expenditures. For this study, the sample group consisted of the top 25 countries with the highest ecological footprint for the period 2000 to 2021. System GMM estimation results demonstrate that economic growth and ecological footprint have a positive impact on health expenditures. Covid-19 dummy variables, have a statistically significant and positive effect on health expenditures. On the other hand, information and communication technologies has a statistically significant but negative effect on health expenditures. The estimation results show that the Covid-19 pandemic increased health expenditures. Looking at the effect of subcomponents of environmental degradation on health expenditures, all subcomponents have a statistically significant and positive effect on health expenditures. It is seen that the most effective variable is forest products. The variable that has almost the same impact as the footprint of forest products is the carbon footprint. Carbon footprint has significant and positive impact on health expenditures, followed by fishing grounds cropland, grazing land, built-up land. The results of the study indicate which forms of pollution should be given priority by policymakers in order to prevent an increase in health expenditure resulting from environmental degradation.
- MakaleAçık Erişim2024Does structural change matter for sustainable development in newly industrialized countries? Fresh evidence from a new sustainability indicator
Artan, Seyfettin; Erdogan, Sinan; Recepoglu, Muersit; Çakir, Suemeyra cay; Hayaloglu, Pinar; Çakir, Mehmet Ali
The economic gap between developed and developing economies has been diminishing due to the recent rapid economic growth performance of developing economies. While achieving this swift growth level, developing economies have structurally transformed their economies. However, the impact of this structural change on environmental sustainability remains unclear. Therefore, this study focuses on the impacts of structural change, energy structure, and economic growth on the load capacity factor, a comprehensive sustainability indicator, in newly industrialized countries during 2000-2020. To this end, second-generation panel data techniques, which account for cross-sectional dependence and heterogeneity, are used to provide more robust and reliable estimates. The results show that economic growth, structural change, and fossil energy utilization decrease the load capacity factor while renewable energy utilization increases it. These findings underscore the need for energy efficiency and resource-conscious policies that align with environmental sustainability while promoting economic growth, highlighting their crucial role in the future of sustainable development.