Sürdürülebilir Kalkınma Amaçları
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- MakaleAçık Erişim2026Scopus SJRQ1Institutional and Financial Drivers of Renewable Energy Consumption and Carbon Emissions: Evidence from Developed Economies
Oguz, Enes Cengiz; Gyasi, Evans Akwasi; Pala, Fahrettin; Pilatin, Abdulmuttalip; Barut, Abdulkadir
The study sheds light on the subtle interactions among financial development, foreign direct investment (FDI), and the quality of regulatory frameworks, with particular reference to their deep influence on renewable energy use and carbon emissions across 22 developed countries from 2002-2021. The results show an interesting tendency: Financial development and FDI will reduce reliance on renewable energy, whereas a significant increase in GDP per capita will increase reliance. Secondly, carbon emissions have a negative association with the adoption of renewable energy and financial development, though both reduce environmental quality; there is a positive relation between real gross domestic product (GDP) and energy depletion in terms of these toxic emissions. The significant role of regulatory quality as a moderator in this process is particularly striking. There is a direct correlation between financial stability and more robust regulation, resulting in reduced financial liquidity available for investing in renewable projects and restricting the free flow of clean FDI. Crucially, the paper argues that when combined with strong regulation, FDI is more likely to contribute to reductions in emissions, while FYGD, nevertheless regulated at a high level of quality, should raise emissions. Winding up, the result indicates that neither financial depth nor institutional quality, in isolation, is sufficient to deliver significant environmental improvement. Thus, it is urgent to adopt sound green finance policies and to formulate focused regulatory systems that integrate financial development and foreign direct investment with a broader sustainability agenda.
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İncele - MakaleAçık Erişim2025Scopus SJRQ1Analyzing the impact of economic growth and FDI on sustainable development goals in China: insights from ecological footprints and load capacity factors
Güler, Ilkay; Naimoglu, Mustafa; Simsek, Orhan; Adali, Zafer; Özbek, Sefa
This study investigates the impact of economic growth and foreign direct investment (FDI) on China's sustainable development goals (SDGs), specifically Zero Hunger (SDG 2), Life Below Water (SDG 14), and Life on Land (SDG 15). It examines ecological footprints and load capacity factors (LCFs) in cropland, fishing, forest, and grazing land using Fourier bootstrap autoregressive distributed lag (ARDL) cointegration analysis and fully modified ordinary least squares (FMOLS) estimators. The study covers the period from 1979 to 2022. Key findings reveal that while GDP and FDI often exacerbate environmental degradation, urbanization and value-added agriculture, forestry, and fishing (FAFGDP) improve sustainability in some areas. The study confirms the pollution haven hypothesis for most models, suggesting that China's legal and regulatory frameworks may inadequately mitigate FDI's adverse environmental effects. The Environmental Kuznets Curve (EKC) hypothesis is not supported as GDP growth generally increases ecological footprints. However, trade openness and urbanization show positive influences on environmental sustainability. Policy recommendations include enhancing energy efficiency, promoting renewable energy, implementing green technologies in agriculture and urban development, and revising FDI policies to incentivize environmentally friendly practices. These strategies are crucial for achieving China's sustainable development goals and mitigating the pressures of human activities on natural resources.
AtıfWoS23OpenAlex27İncele - MakaleAçık Erişim2025Scopus SJRQ1FinTech driven green energy transition foreign direct investment and ecological footprint in BRICST countries
Ayaydin, Hasan; Ergün, Tolga; Barut, Abdulkadir; Erdem, Azad; Pilatin, Abdulmuttalip
The increasing emphasis on climate change and environmental sustainability worldwide has brought about the convergence and increased focus on financial technologies (FinTech) and green energy initiatives. In light of this, the study's objective is to investigate how FinTech moderates the relationship between the ecological footprint (EF) and green energy transition (GTE) in the BRICS-T nations between 1990 and 2021. This study examines how fintech moderated the GTE and EF in the BRICS-T from 1990 to 2021. We applied the Fully Modified Ordinary Least Squares (FMOLS) and used Dynamic Ordinary Least Squares (DOLS) as the main estimators for longitudinal analysis. In contrast, Driscoll-Kraay was used to verify the robustness of the results under cross-sectional dependence and heteroskedasticity. The results reveal that FinTech indirectly hinders EF by facilitating GTE. The outcomes also show that FinTech significantly constrains EF, while GDP and industrialization worsen EF. The results also confirm the important role of GTE and foreign direct investment (FDI) in reducing CO2 emissions in BRICS-T countries. Lastly, the paper offers policymakers useful recommendations for lowering EF in light of these outcomes. The study suggests establishing appropriate policies and strategies that encourage FinTech platforms to invest in green energy projects, including financial technology, promoting energy-efficient and low-carbon foreign direct investment, and encouraging GTE.
AtıfScopus13WoS12OpenAlex12
İncele - MakaleAçık Erişim2013Scopus SJRQ2Testing for causality between the foreign direct investment, current account deficit, GDP and total credit: Evidence from G7
Akbas, Yusuf Ekrem; Senturk, Mehmet; Sancar, Canan
In this study, countries were analyzed between 1990 and 2011 in order to determine whether a causal relationship exists among current account deficit, GDP, foreign direct investment, and total credits of G7. Analysis took into account the cross-sectional dependence and was applied to test the causality among the variables form the panel. Firstly, panel unit root tests were used for determining stationary of variables. As a result of the panel unit root tests, it was found that GDP and foreign direct investment have a stationary structure and that total credits and current account deficit contain unit root. In order to see whether there is a long-term relationship among the variables or not, the panel co-integration test was used. As a result of the test, it was concluded that there is a co-integration relationship among the series. The possibility of a causal relationship was analyzed among the variables using the causality test developed by Elena Ivona Dumitrescu and Christophe Hurlin (2012). Results of the analysis showed a unidirectional causal relationship from current account deficit and foreign direct investment to GDP. Bidirectional causality was found between current account deficit and total credits. Finally, a unidirectional relationship was found from foreign direct investment to current account deficit and total credits.
AtıfScopus25WoS26OpenAlex63İncele