Research Article
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Year 2025, Volume: 15 Issue: 3, 1320 - 1339, 29.09.2025
https://doi.org/10.30783/nevsosbilen.1675497

Abstract

References

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  • Fakher, H. A., & Ahmed, Z. (2023). Does financial development moderate the link between technological innovation and environmental indicators? An advanced panel analysis. Financial Innovation, 9(1), 112. https://doi.org/10.1186/s40854-023-00513-2
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G-7 ekonomilerinde çevresel teknolojinin belirleyicileri: Finansallaşma, politika sıkılığı ve sürdürülebilir kalkınmanın rolü

Year 2025, Volume: 15 Issue: 3, 1320 - 1339, 29.09.2025
https://doi.org/10.30783/nevsosbilen.1675497

Abstract

Giderek derinleşen çevresel krizler ve iklim değişikliği, çevresel teknolojilerin geliştirilmesini ve uygulanmasını sürdürülebilir kalkınmanın temel dinamiklerinden biri hâline getirmiştir. Ancak bu teknolojilerin yaygınlaştırılması yalnızca teknik gelişmelerle sınırlı olmayıp aynı zamanda ülkelerin ekonomik yapısı, finansal piyasaların olgunluğu, çevresel politika uygulamaları ve sürdürülebilir kalkınma yaklaşımları gibi çok sayıda faktör tarafından şekillendirilmektedir. Bu bağlamda, çalışma 1990–2020 dönemini kapsayan panel veri setiyle G7 ülkeleri (ABD, Almanya, Fransa, İngiltere, İtalya, Japonya ve Kanada) özelinde finansallaşma (finansal gelişme ve finansal kurumlar), çevresel politika sıkılığı ve sürdürülebilir kalkınma göstergelerinin çevresel teknoloji üzerindeki etkilerini incelemektedir. Momentler Kantil Regresyon Analizi (MKRA) yöntemiyle yapılan analizde bu değişkenlerin çevresel teknoloji üzerindeki etkilerinin kantil düzeylerine göre farklılık gösterdiği bulunmuştur. Finansal gelişme değişkeni, özellikle düşük kantil düzeylerinde çevresel teknolojiye negatif yönde etki ederken finansal kurumların gelişmişliği alt kantillerde pozitif etkiler sergilemektedir. Çevresel politika sıkılığı tüm kantillerde istatistiksel olarak anlamlı ve olumlu etkilere sahiptir. Buna karşılık, sürdürülebilir kalkınma göstergesi orta ve yüksek kantillerde çevresel teknolojiyi olumsuz etkilemektedir. Bulgular, politika yapıcıların kantil düzeyli heterojenliği dikkate alarak daha hedefli ve etkili stratejiler geliştirmesi gerektiğine işaret etmektedir.

Ethical Statement

Çalışmada etik dışı bir husus bulunmadığını, araştırma ve yayın etiğine özenle uyulduğunu beyan ederim.

Supporting Institution

Yok

References

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  • Fakher, H. A., & Ahmed, Z. (2023). Does financial development moderate the link between technological innovation and environmental indicators? An advanced panel analysis. Financial Innovation, 9(1), 112. https://doi.org/10.1186/s40854-023-00513-2
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  • Kesidou, E., & Wu, L. (2020). Stringency of environmental regulation and eco-innovation: evidence from the eleventh five-year plan and green patents. Economics Letters, 190, 109090. https://doi.org/10.1016/j.econlet.2020.109090
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  • Koçak, E. (2017). Finansal gelişme çevresel kaliteyi etkiler mi? yükselen piyasa ekonomileri için ampirik kanıtlar. Uluslararası Yönetim İktisat ve İşletme Dergisi, 13(3), 535-552. https://doi.org/10.17130/ijmeb.2017331326
  • Lanoie, P., Laurent‐Lucchetti, J., Johnstone, N., & Ambec, S. (2011). Environmental policy, innovation and performance: new insights on the porter hypothesis. Journal of Economics &Amp; Management Strategy, 20(3), 803-842. https://doi.org/10.1111/j.1530-9134.2011.00301.x
  • Li, J., Zhang, G., Ned, J. P., & Sui, L. (2023). How does digital finance affect green technology innovation in the polluting industry? Based on the serial two-mediator model of financing constraints and research and development (R&D) investments. Environmental Science and Pollution Research, 30(29), 74141-74152. https://doi.org/10.1007/s11356-023-27593-y
  • Liu, J. Y., Xia, Y., Fan, Y., Lin, S. M., & Wu, J. (2017). Assessment of a green credit policy aimed at energy-intensive industries in China based on a financial CGE model. Journal of Cleaner Production, 163, 293-302. https://doi.org/10.1016/j.jclepro.2015.10.111
  • Liu, J., Wang, W. & Zhang, Y. (2023). The promotion of green technology ınnovation by the growth of digital finance in China: an analysis from the viewpoint of investment and financing. Advances in Economics, Management and Political Sciences, 39, 177-182. https://doi.org/10.54254/2754-1169/39/20231962
  • Lv, C., Shao, C., & Lee, C. C. (2021). Green technology innovation and financial development: do environmental regulation and innovation output matter?. Energy Economics, 98, 105237. https://doi.org/10.1016/j.eneco.2021.105237
  • Mantlana, K. B., & Maoela, M. A. (2019). Mapping the interlinkages between sustainable development goal 9 and other sustainable development goals: a preliminary exploration. Business Strategy &Amp; Development, 3(3), 344-355. https://doi.org/10.1002/bsd2.100
  • Martínez-Zarzoso, I., Bengochea-Morancho, A., & Morales-Lage, R. (2019). Does environmental policy stringency foster innovation and productivity in OECD countries?. Energy Policy, 134, 110982. https://doi.org/10.1016/j.enpol.2019.110982
  • Matsepe, N. T., & Van der Lingen, E. (2022). Determinants of emerging technologies adoption in the South African financial sector. South African Journal of Business Management, 53(1), 2493. https://hdl.handle.net/10520/ejc-busman_v53_i1_a2493
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  • Osman, R., Shiraz , H., Abdulai , H., & Iddi , F. Y. (2024). Impact of mobile money technology on sheabutter marketing in Tolon District, Ghana. Asian Journal of Agricultural Extension, Economics & Sociology, 42(1), 91–99. https://doi.org/10.9734/ajaees/2024/v42i12351
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  • Pan, X., Uddin, M. K., Han, C., & Pan, X. (2019). Dynamics of financial development, trade openness, technological innovation and energy intensity: evidence from Bangladesh. Energy, 171, 456-464. https://doi.org/10.1016/j.energy.2018.12.200
  • Porter, M. E., & van der Linde, C. (1995). Toward a new conception of the environment-competitiveness relationship. Journal of Economic Perspectives, 9(4), 97–118. https://doi.org/10.1257/jep.9.4.97
  • Popp, D., & Newell, R. (2012). Where does energy R&D come from? Examining crowding out from energy R&D. Energy economics, 34(4), 980-991.https://doi.org/10.1016/j.eneco.2011.07.001
  • Pradhan, R. P., Arvin, M. B., & Bahmani, S. (2018). Are innovation and financial development causative factors in economic growth? Evidence from a panel granger causality test. Technological Forecasting and Social Change, 132, 130-142. https://doi.org/10.1016/j.techfore.2018.01.024
  • Prokop, V., Gerstlberger, W., Vrabcová, P., Zapletal, D., & Sein, Y. Y. (2023). Does being stricter mean doing better? different effects of environmental policy stringency on quality of life, green innovation, and international cooperation. Heliyon, 9(5), e16388. https://doi.org/10.1016/j.heliyon.2023.e16388
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  • Toker, K., & Görener, A. (2020). İnovasyon ile Küresel Rekabetçilik Düzeyi Arasındaki İlişkide Ekonomik Serbestliğin Düzenleyici Rolü. İşletme Araştırmaları Dergisi, 12(3), 2996-3007.
  • Tursun, A. (2022). Alternatif Konut Finansman Sistemi Olarak Tasarrufa Dayalı Faizsiz Finans Sistemleri: Gölge Bankacılık ve Özün Önceliği Kavramları Çerçevesinde Sistemin Değerlendirilmesi. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 40(1), 164-183. https://doi.org/10.17065/huniibf.893793
  • Uygur, K. (2025). Yeşil inovasyon, ticaret açıklığı ve çevresel bozulma: G-7 ülkeleri üzerine bir inceleme. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(1), 252-268. https://doi.org/10.30784/epfad.1575919
  • Wang, Y., Fahad, S., Wei, L., Luo, B., & Luo, J. (2022). Assessing the role of financial development and financial inclusion to enhance environmental sustainability: do financial inclusion and eco-innovation promote sustainable development?. Frontiers in Environmental Science, 10, 1056478. https://doi.org/10.3389/fenvs.2022.1056478
  • Xue, L., & Zhang, X. (2022). Can digital financial inclusion promote green innovation in heavily polluting companies?. International Journal of Environmental Research and Public Health, 19(12), 7323. https://doi.org/10.3390/ijerph19127323
  • Yan, L., Tao, T., & Ullah, S. (2023). Internet financial services, environmental technology, and happiness: Implications for sustainable development. Plos one, 18(11), e0287673. https://doi.org/10.1371/journal.pone.0287673
  • Yuan, H., Feng, Y., Lee, C. C., & Cen, Y. (2020). How does manufacturing agglomeration affect green economic efficiency?. Energy Economics, 92, 104944. https://doi.org/10.1016/j.eneco.2020.104944 Yuan, H., Wang, X., Gao, L., Wang, T., Liu, B., Fang, D., & Gao, Y. (2023). Progress towards the Sustainable Development Goals has been slowed by indirect effects of the COVID-19 pandemic. Communications Earth & Environment, 4(1), 184. https://doi.org/10.1038/s43247-023-00846-x

Drivers of environmental technology in G-7 economies: The role of financialization, policy stringency, and sustainable development

Year 2025, Volume: 15 Issue: 3, 1320 - 1339, 29.09.2025
https://doi.org/10.30783/nevsosbilen.1675497

Abstract

The escalating environmental crises and the intensifying impacts of climate change have rendered the development and implementation of environmental technologies a fundamental pillar of sustainable development. However, the diffusion of such technologies is not solely determined by technical advancements; it is also shaped by a multitude of factors, including countries’ economic structures, the maturity of financial markets, the implementation of environmental policies, and approaches to sustainable development. In this context, the present study examines the effects of financialization (measured through financial development and financial institutions), environmental policy stringency, and sustainable development indicators on environmental technology in the G7 countries (the United States, Germany, France, the United Kingdom, Italy, Japan, and Canada) using a panel dataset covering the period from 1990 to 2020. Employing the Method of Moments Quantile Regression (MMQR) approach, the analysis reveals that the impacts of these variables on environmental technology vary significantly across quantiles. Financial development exerts a negative influence particularly at lower quantile levels, whereas the development of financial institutions demonstrates a positive impact within lower quantiles. Environmental policy stringency is found to have statistically significant and positive effects across all quantiles. In contrast, the sustainable development indicator negatively affects environmental technology at the middle and upper quantiles. The findings highlight the need for policymakers to account for quantile-based heterogeneity when formulating targeted and effective strategies.

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There are 55 citations in total.

Details

Primary Language Turkish
Subjects Development Economics - Macro
Journal Section Economics
Authors

Ferhat Çıtak 0000-0003-4978-5251

Early Pub Date September 26, 2025
Publication Date September 29, 2025
Submission Date April 13, 2025
Acceptance Date August 6, 2025
Published in Issue Year 2025 Volume: 15 Issue: 3

Cite

APA Çıtak, F. (2025). G-7 ekonomilerinde çevresel teknolojinin belirleyicileri: Finansallaşma, politika sıkılığı ve sürdürülebilir kalkınmanın rolü. Nevşehir Hacı Bektaş Veli Üniversitesi SBE Dergisi, 15(3), 1320-1339. https://doi.org/10.30783/nevsosbilen.1675497