Sürdürülebilir Kalkınma Amaçları
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- MakaleAçık Erişim2025Drivers of the Load Capacity Factor in New İndustrialized Countries: Economic Growth, Financial Development and Urbanization on Load Capacity Factor
Durmus, Savas; Agırkaya, Melahat Batu; Akyol, Hikmet
This study examines the effects of economic growth, financial development, and urbanization on the load capacity factor (LCF) for Newly Industrialized Countries (NICs) over the period 1991-2021. In this context, we analyzed the relationship between the variables using the Fixed Effects Driscoll-Kraay and Fixed Effects Panel Quantile estimators. The estimation results indicate that across all quantiles (low, medium, and high levels of environmental degradation), economic growth has a positive effect on LCF, while the squared term of economic growth has a negative effect. Urbanization and renewable energy consumption positively impact LCF, whereas financial development and labor force participation rates have negative effects. The positive effects of urbanization and renewable energy consumption on LCF become more pronounced in higher quantiles. Conversely, the negative impact of labor force participation on LCF is stronger in higher quantiles. The negative effect of financial development on LCF, however, becomes statistically insignificant at higher quantiles.
AtıfScopus12OpenAlex11İncele - MakaleYalnız künye2020The Effect of Remittances on Financial Development in Developing Countries: Dynamic Panel Data Analysis
Akbulut Yildiz, Gizem
The aim of the study is to measure the effect of workers' remittances on financial development. The study on 44 developing countries covers the period 1994-2017. In the empirical analysis of the study, financial development index data was used as the dependent variable. However, financial institutions and financial markets index data, which are the sub-criteria of the index, are also used in the study as dependent variables. As independent variables, workers' remittances, GDP per capita, trade openness and inflation data are used. According to the results of the analysis made using the Two-Stage System Generalized Moments Method, workers' remittances, per capita GDP and trade openness, financial development, financial institutions and financial markets are statistically significant and positive, while inflation is negatively.