TY - JOUR T1 - Yeşil büyüme ve finansal gelişme: Gelişmiş ve gelişmekte olan ülkelerin kapsamlı analizi TT - Green growth and financial development: A comprehensive analysis of developed and developing countries AU - Kuloğlu, Ayhan PY - 2025 DA - April Y2 - 2025 DO - 10.18070/erciyesiibd.1589556 JF - Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi PB - Erciyes University WT - DergiPark SN - 1301-3688 SP - 107 EP - 113 IS - 70 LA - tr AB - Bu çalışma, 1990-2020 dönemi için 16 gelişmiş ve 32 gelişmekte olan ülke üzerinde yeşil büyüme, finansal gelişme, inovasyon ve insani gelişme arasındaki ilişkiyi incelemektedir Bu çalışmada, sabit etkiler modeli ve Driscoll-Kraay standart hataları kullanılarak yapılan analiz, finansal gelişme ve inovasyonun gelişmiş ülkelerde yeşil büyüme üzerinde anlamlı ve pozitif bir etkiye sahip olduğunu ortaya koymaktadır. Buna karşın, gelişmekte olan ülkelerde bu faktörlerin yeşil büyüme üzerindeki etkileri istatistiksel olarak anlamlı bulunmamıştır. Bu bulgu, mevcut literatürdeki çalışmalardan farklı olarak, gelişmiş ve gelişmekte olan ülkelerde yeşil büyümeye etki eden mekanizmaların yalnızca finansal gelişmişlik düzeyi ile açıklanamayacağını, aynı zamanda kurumsal kapasite, düzenleyici yapılar ve finansal araçların etkinliği gibi faktörlerden de etkilendiğini ortaya koymaktadır. Bu durum, yeşil büyümeyi etkileyen faktörlerin ülkelerin ekonomik ve kurumsal yapılarındaki farklılıklara bağlı olduğunu göstermektedir. Ayrıca, insani gelişmenin her iki ülke grubunda da anlamlı bir etkisinin olmaması, çevresel sürdürülebilirlik politikalarının sosyal boyutlarla desteklenmesi gerektiğini ortaya koymaktadır. Çalışma, finansal gelişme-yeşil büyüme ilişkisini gelişmişlik düzeyine göre ayrıştıran ve bu farkın arkasındaki yapısal nedenleri irdeleyen bir analiz sunarak literatüre özgün katkı sağlamaktadır. Ülkelerin gelişmişlik düzeyine uygun yeşil büyüme stratejilerinin geliştirilmesinin önemini vurgulamakta ve politika yapıcılar için sürdürülebilirlik politikalarının tasarımı konusunda yol göstermektedir. KW - Yeşil Büyüme KW - Finansal Gelişme KW - İnovasyon N2 - This study examines the relationship between green growth, financial development, innovation and human development in 16 developed and 32 developing countries for the period 1990-2020. The analysis using the fixed effects model and Driscoll-Kraay standard errors reveals that financial development and innovation have a significant and positive effect on green growth in developed countries. On the other hand, the effects of these factors on green growth in developing countries were not found to be statistically significant. This finding, unlike previous studies in the literature, demonstrates that the mechanisms influencing green growth in developed and developing countries cannot be explained solely by the level of financial development but are also influenced by factors such as institutional capacity, regulatory structures, and the effectiveness of financial instruments. This highlights that the factors affecting green growth depend on differences in the economic and institutional structures of countries. Additionally, the fact that human development did not have a significant effect in both country groups reveals that environmental sustainability policies should be supported by social dimensions. The study provides a novel contribution to the literature by distinguishing the financial development-green growth relationship based on the level of development and analyzing the structural reasons behind this difference. 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