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FİNANSAL GELİŞME ENERJİ TÜKETİMİNİ DESTEKLER Mİ?

Journal Name:

  • Süleyman Demirel Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Publication Year:

  • 2017

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
The aim of the study is to examine causality relationship between financial development and energy consumption with a new standpoint. For this purpose, four different indicators are used to represent financial development while two different variables are used to represent energy consumption between 1969 and 2014. Energy consumption can be categorized as renewable and fossil energy. In the analysis, Fourier Toda Yamamoto causality test taking into consideration structural breaks approach is used by Nazlıoglu et al. (2016) and Toda Yamamoto. As a result of empirical findings, there isn’t any causality relationship found between financial development and renewable based energy consumption. On the other hand, there is one way causality relationship between financial development and fossil based energy consumption and it is from financial development to fossil based energy consumption. Therefore, fossil based energy consumption in Turkey is effected by financial markets and such kind of policies should be implemented.
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Abstract (Original Language): 
Çalışmanın amacı, finansal gelişme ile enerji tüketimi arasındaki nedensellik ilişkisini yeni bir bakış açısı ile incelemektir. Bu amaçla Türkiye için, 1969-2014 yılları arasında, finansal gelişmeyi temsil etmesi için dört farklı gösterge kullanılırken, enerji tüketimini temsil etmesi için iki farklı değişken kullanılmıştır. Enerji tüketimi, yenilenebilir ve fosil enerji olarak ayrıştırılmıştır. Analizde, Toda Yamamoto ve Nazlıoğlu vd. (2016) tarafından yapısal kırılmaları dikkate alan Fourier Toda Yamamoto nedensellik yaklaşımı kullanılmıştır. Amprik bulgular sonucunda finansal gelişme ile yenilenebilir kaynaklı enerji tüketimi arasında herhangi bir nedensellik ilişkisi tespit edilememiştir. Diğer yandan finansal gelişme ve fosil kaynaklı enerji tüketimi arasında finansal gelişmeden fosil kaynaklı enerji tüketimine doğru tek yönlü bir nedensellik ilişkisi olduğu tespit edilmiştir. Dolayısıyla, Türkiye’de küresel ısınmaya neden olan fosil kaynaklı enerji tüketiminin finansal piyasalardan etkilendiği ve bu yönde politikaların geliştirilmesi gerektiği düşünülmektedir.
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