DOES DOMESTIC PRIVATE INVESTMENT INDUCE ENVIRONMENTAL DAMAGE IN TURKEY? EVIDENCE FROM FOURIER-BASED METHODS

Year 2021, Volume: 12 Issue: 23, 55 - 76, 28.06.2021

Alper Karasoy

https://doi.org/10.36543/kauiibfd.2021.004

Abstract

Her ne kadar yurtiçi özel yatırımların (YÖY) farklı boyutları literatürde ampirik olarak incelenmiş olsa da YÖY’ün çevresel sürdürülebilirliğe olan etkisini inceleyen çalışma sayısı son derece sınırlıdır. Bu araştırmada, YÖY’ün Türkiye’deki çevresel bozulma göstergelerini (ekolojik ve karbon ayak izlerini) nasıl etkilediği 1975-2017 dönemi için ve Fourier temelli yöntemler kullanılarak incelenmiştir. Bu araştırmanın sonuçlarına göre, ileri sürülmüş olan her iki modelde de kullanılmış olan değişkenlerin (çevresel bozulma, gelir, enerji tüketimi ve YÖY) uzun dönemde birlikte hareket ettiği bulunmuştur. Ayrıca kendiyle bağlanımlı dağıtılmış gecikmeli (ARDL) yöntemle tespit edilmiş olan dinamik ilişkilere göre; YÖY ve birincil enerji tüketiminin uzun dönemde hem ekolojik ayak izini hem de karbon ayak izini arttırdığı, gelirin de kısa dönemde çevresel bozulmayı arttırdığı tespit edilmiştir. Elde edilen sonuçlar YÖY’ün Türkiye’nin uzun dönem çevresel sürdürülebilirliğini tehdit ettiğini göstermektedir.

Keywords

Türkiye, yurtiçi özel yatırımlar, Fourier temelli yöntemler

DOES DOMESTIC PRIVATE INVESTMENT INDUCE ENVIRONMENTAL DAMAGE IN TURKEY? EVIDENCE FROM FOURIER-BASED METHODS

Abstract

Although many aspects of domestic private investment (DPRI) have been empirically studied in the literature, evidence regarding the effect of DPRI on environmental sustainability is rather nascent. This research attempts to fill this gap by investigating how DPRI in Turkey affected environmental degradation (namely ecological and carbon footprints) for the 1975-2017 period by employing Fourier-based approaches. The findings in this research indicate that employed variables (environmental degradation, income, energy use, and DPRI) have a long-run association in both proposed models. Furthermore, the dynamic relationship captured by the autoregressive distributed lag (ARDL) method shows that DPRI and primary energy use induce ecological and carbon footprints in the long-run, while income intensifies both environmental degradation indicators in the short-run. These results clearly indicate that DPRI threatens Turkey’s long-term environmental sustainability.

Keywords

Turkey, domestic private investment, Fourier-based methods

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