Research Article
BibTex RIS Cite

FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ

Year 2025, Volume: 27 Issue: IERFM 2025 Özel Sayı, 149 - 176, 14.03.2025
https://doi.org/10.26468/trakyasobed.1514948

Abstract

Dünya genelinde sıcaklıkların artması ve iklim değişikliğinin etkilerinin hızlanması iklim değişikliği ve küresel ısınma konularının, dünya çapında araştırmacılar, bilim insanları ve politika yapıcıları tarafından önemli bir konu haline gelmesine neden olmuştur. Birleşmiş Milletler tarafından belirlenen Sürdürülebilir Kalkınma Hedefleri'nde (SKH) küresel ısınmayla mücadele etmek ve küresel sıcaklık artışlarını 1,5 °C ile sınırlamak için yeşil teknoloji inovasyonlarının, yenilenebilir enerjinin ve finansal gelişmenin kritik bir bileşenler olduğu ve. SKH'leri gerçekleştirmede yardımcı olacağı düşünülmektedir. Çalışmada, finansal gelişme, yenilenebilir enerji tüketimi ve yeşil teknolojik inovasyonların, çevre korumasına nasıl katkıda bulunduğunu belirlemek amacıyla en çok karbon emisyonları değerlerine sahip 20 ülkenin karbon emisyonlarına finansal gelişmenin, yeşil teknoloji inovasyonlarının ve yenilenebilir enerji kullanımının etkileri incelenmektedir.
Bu doğrultuda, amprik analiz için 2000 ile 2021 yılları arasındaki dönemde yatay kesit bağımsızlığını ve kesitler arasındaki heterojenliği dikkate alan CIPS-CADF birim kök testi, Westerlund (2007) eşbütünleşme testi ve CS-ARDL uzun-kısa dönem tahmincisi modeli kullanıldı. Elde edilen sonuçlar, tüm değişkenlerin uzun dönemde eşbütünleşik olduğunu göstermektedir. Sonuçlar ayrıca, yenilenebilir enerjinin, finansal gelişmenin ve yeşil teknolojik inovasyonlarının çevresel bozulma üzerinde negatif bir etkisi olduğunu ve çevresel riskleri azaltmaya yardımcı olduğunu göstermektedir. Dumitrescu ve Hurlin (D-H) nedensellik testi sonuçlarına göre ise; finansal gelişme, yeşil teknoloji inovasyonları ve yenilenebilir enerji kullanımından karbon emisyonlarına doğru iki yönlü bir nedensel ilişkinin varlığını ortaya koymaktadır. Ayrıca tahmin sonuçları, gelecekte yeşil teknoloji inovasyonlarının ve yenilenebilir enerji kullanımının karbon emisyonlarınının azalmasına en büyük katkıyı sağlayacak ana faktörler olacağını öngörmektedir.

Ethical Statement

Yukarıda bilgileri yer alan çalışmanın, etik kurul izni gerektirmeyen çalışmalar arasında yer aldığını beyan ederiz.

Thanks

Değerli geri bildirimleri ve yapıcı yorumları bu makalenin geliştirilmesine önemli ölçüde katkıda bulunacak isimsiz hakemlere içten teşekkürlerimizi sunarız. Kapsamlı ve anlayışlı incelemeleri, bu makalenin son halini şekillendirmede önemli bir rol oynayacaktır. Ayrıca editör ekibine değerlendirme süreci boyunca rehberlik ve destekleri için minnettarız.

References

  • Acheampong, A. O. (2019). Modelling for insight: does financial development improve environmental quality?. Energy Economics, 83, 156-179.
  • Acheampong, A. O., Amponsah, M., & Boateng, E. (2020). Does financial development mitigate carbon emissions? Evidence from heterogeneous financial economies. Energy Economics, 88, 104768.
  • Acheampong, A. O., Dzator, J., Dzator, M., & Salim, R. (2022). Unveiling the effect of transport infrastructure and technological innovation on economic growth, energy consumption and CO2 emissions. Technological Forecasting and Social Change, 182, 24, Article 121843. https://doi.org/10.1016/j.techfore.2022.121843
  • Adebayo, T. S., Ghosh, S., Nathaniel, S., & Wada, I. (2023). Technological innovations, renewable energy, globalization, financial development, and carbon emissions: role of inward remittances for top ten remittances receiving countries. Environmental Science and Pollution Research, 30(26), 69330-69348. https://link.springer.com/article/10.1007/s11356-023-27184-x
  • Adebayo, T. S., Ullah, S., Kartal, M. T., Ali, K., Pata, U. K., & Ağa, M. (2023). Endorsing sustainable development in BRICS: The role of technological innovation, renewable energy consumption, and natural resources in limiting carbon emission. Science of the Total Environment, 859, 160181.
  • Ahmad, M., & Zheng, J. (2021). Do innovation in environmental-related technologies cyclically and asymmetrically affect environmental sustainability in BRICS nations?. Technology in Society, 67, 101746.
  • Akan, T. (2023). Investigating renewable energy-climate change nexus by aggregate or sectoral renewable energy use?. Environmental Science and Pollution Research, 30(1), 2042-2060. https://doi.org/10.1007/s11356-022-22201-x
  • Al-Mulali, U., Ozturk, I., & Lean, H. H. (2015). The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Natural Hazards, 79(1), 621-644. https://doi.org/10.1007/s11069-015-1865-9
  • Al-Mulali, U., Raboshuk, A., Ibrahim, R. L., & Saboori, B. (2024). Evaluating the asymmetric effect of patents driven environmental technologies on environmental degradation in the E7 countries: An extended model of STIRPAT. Natural Resources Forum, 22. https://doi.org/10.1111/1477-8947.12439
  • Anwar, A., Sharif, A., Fatima, S., Ahmad, P., Sinha, A., Khan, S. A. R., & Jermsittiparsert, K. (2021). The asymmetric effect of public private partnership investment on transport CO2 emission in China: Evidence from quantile ARDL approach. Journal of Cleaner Production, 288, 125282.
  • Anwar, A., Siddique, M., Dogan, E., & Sharif, A. (2021). The moderating role of renewable and non-renewable energy in environment-income nexus for ASEAN countries: Evidence from Method of Moments Quantile Regression. Renewable Energy, 164, 956-967.
  • Anwar, A., Sinha, A., Sharif, A., Siddique, M., Irshad, S., Anwar, W., & Malik, S. (2022). The nexus between urbanization, renewable energy consumption, financial development, and CO2 emissions: Evidence from selected Asian countries. Environment, Development and Sustainability, 1-21.
  • Baltagi, B. H., Feng, Q., & Kao, C. (2012). A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model. Journal of Econometrics, 170(1), 164-177.
  • Bayar, Y., Diaconu, L., & Maxim, A. (2020). Financial development and CO2 emissions in post-transition European Union countries. Sustainability, 12(7), 2640.
  • Bouckaert, S., Pales, A. F., McGlade, C., Remme, U., Wanner, B., Varro, L., D'Ambrosio, D., & Spencer, T. (2021). Net zero by 2050: A roadmap for the global energy sector.
  • Braun, E., & Wield, D. (1994). Regulation as a means for the social control of technology. Technology Analysis & Strategic Management, 6(3), 259-272.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Bulut, U. (2017). The impacts of non-renewable and renewable energy on CO2 emissions in Turkey. Environmental Science and Pollution Research, 24, 15416-15426.
  • Chen, Y., & Lee, C.-C. (2020). Does technological innovation reduce CO2 emissions? Cross-country evidence. Journal of Cleaner Production, 263, 121550.
  • Chen, Z., Huang, W., & Zheng, X. (2019). The decline in energy intensity: does financial development matter?. Energy Policy, 134, 110945.
  • Cheng, Y., Awan, U., Ahmad, S., & Tan, Z. (2021). How do technological innovation and fiscal decentralization affect the environment? A story of the fourth industrial revolution and sustainable growth. Technological Forecasting and Social Change, 162, 120398.
  • Chudik, A., & Pesaran, M. H. (2015). Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors. Journal of Econometrics, 188(2), 393-420. https://doi.org/10.1016/j.jeconom.2015.03.007
  • Dhaene, G., & Jochmans, K. (2015). Split-panel jackknife estimation of fixed-effect models. The Review of Economic Studies, 82(3), 991-1030.
  • Doğan, M., Tekbaş, M., & Gursoy, S. (2022). The impact of wind and geothermal energy consumption on economic growth and financial development: evidence on selected countries. Geothermal Energy, 10(1), 19.
  • Du, K., Li, P., & Yan, Z. (2019). Do green technology innovations contribute to carbon dioxide emission reduction? Empirical evidence from patent data. Technological Forecasting and Social Change, 146, 297-303.
  • Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450-1460.
  • Ehigiamusoe, K. U., & Lean, H. H. (2019). Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups. Environmental Science and Pollution Research, 26(22), 22611-22624.
  • EI. (2023). Energy Institute Statistical Review of World Energy 2023.
  • Eluwole, K. K., Saint Akadiri, S., Alola, A. A., & Etokakpan, M. U. (2020). Does the interaction between growth determinants a drive for global environmental sustainability? Evidence from world top 10 pollutant emissions countries. Science of the Total Environment, 705, 135972.
  • EPA. (2022). Overview of Greenhouse Gases. US EPA. https://www.epa.gov/ghgemissions/overview-greenhouse-gases
  • Ergün, S., & Polat, M. A. (2022). Finansal gelişme süreci ve çevresel kalite üzerine etkilerinin ampirik kanıtları. In A. Şit & C. Telek (Eds.), Ekonomi ve Finans Alanında Ampirik Çalışmalar (Vol. 1, pp. 2-30). Ankara: Gazi Kitabevi.
  • Fareed, Z. S., Rehman, M. A., Adebayo, T. S., Wang, Y. H., Ahmad, M., & Shahzad, F. (2022). Financial inclusion and the environmental deterioration in Eurozone: The moderating role of innovation activity. Technology in Society, 69, 13. https://doi.org/10.1016/j.techsoc.2022.101961
  • Ganda, F. (2019). The impact of innovation and technology investments on carbon emissions in selected organisation for economic Co-operation and development countries. Journal of Cleaner Production, 217, 469-483.
  • Guo, J., Zhou, Y., Ali, S., Shahzad, U., & Cui, L. (2021). Exploring the role of green innovation and investment in energy for environmental quality: An empirical appraisal from provincial data of China. Journal of Environmental Management, 292, 112779.
  • Gyamfi, B. A., Agozie, D. Q., & Bekun, F. V. (2022). Can technological innovation, foreign direct investment and natural resources ease some burden for the BRICS economies within current industrial era?. Technology in Society, 70, 102037.
  • Habiba, U., Xinbang, C., & Ahmad, R. I. (2021). The influence of stock market and financial institution development on carbon emissions with the importance of renewable energy consumption and foreign direct investment in G20 countries. Environmental Science and Pollution Research, 28, 67677-67688.
  • Habiba, U., Xinbang, C., & Anwar, A. (2022). Do green technology innovations, financial development, and renewable energy use help to curb carbon emissions?. Renewable Energy, 193, 1082-1093.
  • Hashmi, R., & Alam, K. (2019). Dynamic relationship among environmental regulation, innovation, CO2 emissions, population, and economic growth in OECD countries: A panel investigation. Journal of Cleaner Production, 231, 1100-1109.
  • Hasni, R., Dridi, D., & Ben Jebli, M. (2023). Do financial development, financial stability and renewable energy disturb carbon emissions? Evidence from asia–pacific economic cooperation economics. Environmental Science and Pollution Research, 30(35), 83198-83213. https://link.springer.com/article/10.1007/s11356-023-28418-8
  • Hayat, F., Pirzada, M. D. S., & Khan, A. A. (2018). The validation of Granger causality through formulation and use of finance-growth-energy indexes. Renewable and Sustainable Energy Reviews, 81, 1859-1867.
  • IEA. (2015). Renewables 2015: Global Status Report. https://www.iea.org/reports/renewables-2015-global-status-report
  • IEA. (2017). Renewables 2017: Analysis and Forecasts to 2022. https://iea.blob.core.windows.net/assets/952fe0c1-8d57-4dcc-adbd-85c854674478/MRSrenew2017.pdf
  • IEA. (2020). International Energy Agency (IEA) Renewables 2020: Analysis and forecast to 2025. https://www.iea.org/reports/renewables-2020
  • IPCC. (2014). Climate Change 2014. Synthesis Report. Summary for Policymarkers. C. U. Press.
  • Jianguo, D., Ali, K., Alnori, F., & Ullah, S. (2022). The nexus of financial development, technological innovation, institutional quality, and environmental quality: evidence from OECD economies. Environmental Science and Pollution Research, 29(38), 58179-58200.
  • Jin, T., & Kim, J. (2018). What is better for mitigating carbon emissions–Renewable energy or nuclear energy? A panel data analysis. Renewable and Sustainable Energy Reviews, 91, 464-471.
  • Kartal, M. T., Pata, U. K., & Alola, A. A. (2024). Renewable electricity generation and carbon emissions in leading European countries: Daily-based disaggregate evidence by nonlinear approaches. Energy Strategy Reviews, 51, 20. https://doi.org/10.1016/j.esr.2024.101300
  • Ke, H., Yang, W., Liu, X., & Fan, F. (2020). Does innovation efficiency suppress the ecological footprint? Empirical evidence from 280 Chinese cities. International Journal of Environmental Research and Public Health, 17(18), 6826.
  • Kevser, M., Tekbaş, M., Doğan, M., & Koyluoglu, S. (2022). Nexus among biomass energy consumption, economic growth, and financial development: Evidence from selected 15 countries. Energy Reports, 8, 8372-8380.
  • Khan, S. A. R., Ponce, P., & Yu, Z. (2021). Technological innovation and environmental taxes toward a carbon-free economy: An empirical study in the context of COP-21. Journal of Environmental Management, 298, 113418.
  • Khezri, M., Heshmati, A., & Khodaei, M. (2022). Environmental implications of economic complexity and its role in determining how renewable energies affect CO2 emissions. Applied Energy, 306, 117948.
  • Kirikkaleli, D., Güngör, H., & Adebayo, T. S. (2022). Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile. Business Strategy and the Environment, 31(3), 1123-1137.
  • Le, T.-H., Le, H.-C., & Taghizadeh-Hesary, F. (2020). Does financial inclusion impact CO2 emissions? Evidence from Asia. Finance Research Letters, 34, 101451.
  • Liu, X., Zhang, K., Tu, H., Liu, C., & Sun, Y. (2022). Dynamic Effects of CO2 Emissions on Anticipated Financial Development of European Countries. Frontiers in Environmental Science, 10, 882847.
  • Ma, Q., Murshed, M., & Khan, Z. (2021). The nexuses between energy investments, technological innovations, emission taxes, and carbon emissions in China. Energy Policy, 155, 112345.
  • Majeed, M. T., & Mazhar, M. (2019). Financial development and ecological footprint: a global panel data analysis. Pakistan Journal of Commerce and Social Sciences (PJCSS), 13(2), 487-514.
  • Maji, I. K., Habibullah, M. S., & Saari, M. Y. (2017). Financial development and sectoral CO2 emissions in Malaysia. Environmental Science and Pollution Research, 24, 7160-7176.
  • Nica, E., Poliakova, A., Popescu, G. H., Valaskova, K., Burcea, S. G., & Constantin, A. L. D. (2023). The impact of financial development, health expenditure, CO2 emissions, institutional quality, and energy Mix on life expectancy in Eastern Europe: CS-ARDL and quantile regression Approaches. Heliyon, 9(11), 16. https://doi.org/10.1016/j.heliyon.2023.e21084
  • Omri, A., Daly, S., Rault, C., & Chaibi, A. (2015). Financial development, environmental quality, trade and economic growth: What causes what in MENA countries. Energy Economics, 48, 242-252.
  • Paramati, S. R., Mo, D., & Huang, R. (2021). The role of financial deepening and green technology on carbon emissions: Evidence from major OECD economies. Finance Research Letters, 41, 101794.
  • Park, Y., Meng, F. C., & Baloch, M. A. (2018). The effect of ICT, financial development, growth, and trade openness on CO2 emissions: an empirical analysis. Environmental Science and Pollution Research, 25(30), 30708-30719. https://doi.org/10.1007/s11356-018-3108-6
  • Pata, U. K. (2018). Renewable Energy Consumption, Urbanization, Financial Development, Income and CO2 Emissions In Turkey: Testing Ekc Hypothesis with Structural Breaks. Journal of Cleaner Production, 187, 770-779.
  • Pejovic, B., Karadzic, V., Dragasevic, Z., & Backovic, T. (2021). Economic growth, energy consumption and CO2 emissions in the countries of the European Union and the Western Balkans. Energy Reports, 7, 2775-2783. https://doi.org/10.1016/j.egyr.2021.05.011
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. Cambridge Working Papers. Economics, 1240(1), 1.
  • Pesaran, M. H. (2007a). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265-312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H. (2007b). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The econometrics journal, 11(1), 105-127.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Shahbaz, M., Haouas, I., Sohag, K., & Ozturk, I. (2020). The financial development-environmental degradation nexus in the United Arab Emirates: the importance of growth, globalization and structural breaks. Environmental Science and Pollution Research, 27, 10685-10699.
  • Shahbaz, M., Nasir, M. A., & Roubaud, D. (2018). Environmental degradation in France: the effects of FDI, financial development, and energy innovations. Energy Economics, 74, 843-857.
  • Shahbaz, M., Shahzad, S. J. H., Ahmad, N., & Alam, S. (2016). Financial development and environmental quality: the way forward. Energy Policy, 98, 353-364.
  • Shan, S., Genç, S. Y., Kamran, H. W., & Dinca, G. (2021). Role of green technology innovation and renewable energy in carbon neutrality: A sustainable investigation from Turkey. Journal of Environmental Management, 294, 113004.
  • Sharma, G. D., Tiwari, A. K., Erkut, B., & Mundi, H. S. (2021). Exploring the nexus between non-renewable and renewable energy consumptions and economic development: Evidence from panel estimations. Renewable & Sustainable Energy Reviews, 146, 17. https://doi.org/10.1016/j.rser.2021.111152
  • Shen, Y., Su, Z.-W., Malik, M. Y., Umar, M., Khan, Z., & Khan, M. (2021). Does green investment, financial development and natural resources rent limit carbon emissions? A provincial panel analysis of China. Science of the Total Environment, 755, 142538.
  • Sheraz, M., Xu, D. Y., Ahmed, J., Ullah, S., & Ullah, A. (2021). Moderating the effect of globalization on financial development, energy consumption, human capital, and carbon emissions: evidence from G20 countries.
  • Environmental Science and Pollution Research, 28(26), 35126-35144. https://doi.org/10.1007/s11356-021-13116-0 Su, C.-W., Pang, L.-D., Tao, R., Shao, X., & Umar, M. (2022). Renewable energy and technological innovation: Which one is the winner in promoting net-zero emissions?. Technological Forecasting and Social Change, 182, 121798.
  • Tekbaş, M., & Yıldırım, M. (2023). Gelişmekte Olan Ülkelerde İnovasyon ve Ekonomik Büyümenin CO2 Emisyonu Üzerine Etkisi. JOEEP: Journal of Emerging Economies and Policy, 8(2), 507-516.
  • Ullah, A., Dogan, M., Pervaiz, A., Bukhari, A. A. A., Akkus, H. T., & Dogan, H. (2024). The impact of digitalization, technological and financial innovation on environmental quality in OECD countries: Investigation of N-shaped EKC hypothesis. Technology in Society, 77, 102484.
  • Usman, M., & Makhdum, M. S. A. (2021). What abates ecological footprint in BRICS-T region? Exploring the influence of renewable energy, non-renewable energy, agriculture, forest area and financial development. Renewable Energy, 179, 12-28.
  • Wang, K. H., Liu, L., Adebayo, T. S., Lobont, O. R., & Claudia, M. N. (2021). Fiscal decentralization, political stability and resources curse hypothesis: A case of fiscal decentralized economies. Resources Policy, 72, 8. https://doi.org/10.1016/j.resourpol.2021.102071
  • Wang, Q., Wang, L., & Li, R. (2023). Trade protectionism jeopardizes carbon neutrality–decoupling and breakpoints roles of trade openness. Sustainable Production and Consumption, 35, 201-215.
  • WDI. (2023). World Development Indicators (https://datatopics.worldbank.org/world-development-indicators/ Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics, 69(6), 709-748. https://doi.org/10.1111/j.1468-0084.2007.00477.x
  • Xu, X., Dai, W., Muhammad, T., & Zhang, T. (2023). The Dynamic Relationship between Carbon Emissions, Financial Development, and Renewable Energy: A Study of the N-5 Asian Countries. Sustainability, 15(18), 13888.
  • Zhang, B., Zhang, T., Yu, S., Wang, H., Wang, X., Chang, Y., Mou, H., Zhang, P., Wang, L., & Jiang, Y. (2017). Carbon-wrapped four-component Na–Ni–Ti–Co oxides via sol–gel process for NIB anode material with superior cycling stability. Journal of Applied Electrochemistry, 47, 855-864.
  • Zhang, Y. Y., Li, Y., & Wei, Y. G. (2023). Understanding the relation between the socio-economic development and CO2 emission of 76 contracting countries in The Paris Agreement. Environment Development and Sustainability, 25(12), 14131-14153. https://doi.org/10.1007/s10668-022-02653-4
  • Zhen, Z., Ullah, S., Shaowen, Z., & Irfan, M. (2023). How do renewable energy consumption, financial development, and technical efficiency change cause ecological sustainability in European Union countries?. Energy & Environment, 34(7), 2478-2496. https://doi.org/10.1177/0958305x221109949

THE ROLE OF FINANCIAL DEVELOPMENT, GREEN TECHNOLOGICAL INNOVATIONS AND RENEWABLE ENERGY USE IN CARBON EMISSIONS REDUCTION

Year 2025, Volume: 27 Issue: IERFM 2025 Özel Sayı, 149 - 176, 14.03.2025
https://doi.org/10.26468/trakyasobed.1514948

Abstract

The increasing temperatures worldwide and the accelerated effects of climate change have led climate change and global warming to become significant concerns for researchers, scientists, and policymakers worldwide. It is believed that green technology innovations, renewable energy, and financial development are critical components in combating global warming and limiting global temperature increases to 1,5°C, as outlined in the Sustainable Development Goals (SDGs) set by the United Nations. This study aims to examine the effects of financial development, green technology innovations, and renewable energy use on carbon emissions (CE) for the top 20 countries with the highest carbon emissions, in order to determine how these variables contribute to environmental protection.
In this regard, CIPS unit root test, Westerlund (2007) cointegration test and CS-ARDL model, which takes into account cross-sectional independence and heterogeneity between cross-sections in the period between 2000 and 2021, were used for empirical analysis The results indicate that all variables are cointegrated in the long run. Additionally, renewable energy and green technology innovations are shown to have a negative impact on environmental degradation and help reduce environmental risks. According to the results of Dumitrescu and Hurlin (D-H) causality test; It reveals the existence of a two-way causal relationship from financial development, green technology innovations and renewable energy use to carbon emissions. In addition, the forecast results predict that green technology innovations and the use of renewable energy will be the main factors that will make the biggest contribution to reducing carbon emissions in the future.

References

  • Acheampong, A. O. (2019). Modelling for insight: does financial development improve environmental quality?. Energy Economics, 83, 156-179.
  • Acheampong, A. O., Amponsah, M., & Boateng, E. (2020). Does financial development mitigate carbon emissions? Evidence from heterogeneous financial economies. Energy Economics, 88, 104768.
  • Acheampong, A. O., Dzator, J., Dzator, M., & Salim, R. (2022). Unveiling the effect of transport infrastructure and technological innovation on economic growth, energy consumption and CO2 emissions. Technological Forecasting and Social Change, 182, 24, Article 121843. https://doi.org/10.1016/j.techfore.2022.121843
  • Adebayo, T. S., Ghosh, S., Nathaniel, S., & Wada, I. (2023). Technological innovations, renewable energy, globalization, financial development, and carbon emissions: role of inward remittances for top ten remittances receiving countries. Environmental Science and Pollution Research, 30(26), 69330-69348. https://link.springer.com/article/10.1007/s11356-023-27184-x
  • Adebayo, T. S., Ullah, S., Kartal, M. T., Ali, K., Pata, U. K., & Ağa, M. (2023). Endorsing sustainable development in BRICS: The role of technological innovation, renewable energy consumption, and natural resources in limiting carbon emission. Science of the Total Environment, 859, 160181.
  • Ahmad, M., & Zheng, J. (2021). Do innovation in environmental-related technologies cyclically and asymmetrically affect environmental sustainability in BRICS nations?. Technology in Society, 67, 101746.
  • Akan, T. (2023). Investigating renewable energy-climate change nexus by aggregate or sectoral renewable energy use?. Environmental Science and Pollution Research, 30(1), 2042-2060. https://doi.org/10.1007/s11356-022-22201-x
  • Al-Mulali, U., Ozturk, I., & Lean, H. H. (2015). The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Natural Hazards, 79(1), 621-644. https://doi.org/10.1007/s11069-015-1865-9
  • Al-Mulali, U., Raboshuk, A., Ibrahim, R. L., & Saboori, B. (2024). Evaluating the asymmetric effect of patents driven environmental technologies on environmental degradation in the E7 countries: An extended model of STIRPAT. Natural Resources Forum, 22. https://doi.org/10.1111/1477-8947.12439
  • Anwar, A., Sharif, A., Fatima, S., Ahmad, P., Sinha, A., Khan, S. A. R., & Jermsittiparsert, K. (2021). The asymmetric effect of public private partnership investment on transport CO2 emission in China: Evidence from quantile ARDL approach. Journal of Cleaner Production, 288, 125282.
  • Anwar, A., Siddique, M., Dogan, E., & Sharif, A. (2021). The moderating role of renewable and non-renewable energy in environment-income nexus for ASEAN countries: Evidence from Method of Moments Quantile Regression. Renewable Energy, 164, 956-967.
  • Anwar, A., Sinha, A., Sharif, A., Siddique, M., Irshad, S., Anwar, W., & Malik, S. (2022). The nexus between urbanization, renewable energy consumption, financial development, and CO2 emissions: Evidence from selected Asian countries. Environment, Development and Sustainability, 1-21.
  • Baltagi, B. H., Feng, Q., & Kao, C. (2012). A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model. Journal of Econometrics, 170(1), 164-177.
  • Bayar, Y., Diaconu, L., & Maxim, A. (2020). Financial development and CO2 emissions in post-transition European Union countries. Sustainability, 12(7), 2640.
  • Bouckaert, S., Pales, A. F., McGlade, C., Remme, U., Wanner, B., Varro, L., D'Ambrosio, D., & Spencer, T. (2021). Net zero by 2050: A roadmap for the global energy sector.
  • Braun, E., & Wield, D. (1994). Regulation as a means for the social control of technology. Technology Analysis & Strategic Management, 6(3), 259-272.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Bulut, U. (2017). The impacts of non-renewable and renewable energy on CO2 emissions in Turkey. Environmental Science and Pollution Research, 24, 15416-15426.
  • Chen, Y., & Lee, C.-C. (2020). Does technological innovation reduce CO2 emissions? Cross-country evidence. Journal of Cleaner Production, 263, 121550.
  • Chen, Z., Huang, W., & Zheng, X. (2019). The decline in energy intensity: does financial development matter?. Energy Policy, 134, 110945.
  • Cheng, Y., Awan, U., Ahmad, S., & Tan, Z. (2021). How do technological innovation and fiscal decentralization affect the environment? A story of the fourth industrial revolution and sustainable growth. Technological Forecasting and Social Change, 162, 120398.
  • Chudik, A., & Pesaran, M. H. (2015). Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors. Journal of Econometrics, 188(2), 393-420. https://doi.org/10.1016/j.jeconom.2015.03.007
  • Dhaene, G., & Jochmans, K. (2015). Split-panel jackknife estimation of fixed-effect models. The Review of Economic Studies, 82(3), 991-1030.
  • Doğan, M., Tekbaş, M., & Gursoy, S. (2022). The impact of wind and geothermal energy consumption on economic growth and financial development: evidence on selected countries. Geothermal Energy, 10(1), 19.
  • Du, K., Li, P., & Yan, Z. (2019). Do green technology innovations contribute to carbon dioxide emission reduction? Empirical evidence from patent data. Technological Forecasting and Social Change, 146, 297-303.
  • Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450-1460.
  • Ehigiamusoe, K. U., & Lean, H. H. (2019). Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups. Environmental Science and Pollution Research, 26(22), 22611-22624.
  • EI. (2023). Energy Institute Statistical Review of World Energy 2023.
  • Eluwole, K. K., Saint Akadiri, S., Alola, A. A., & Etokakpan, M. U. (2020). Does the interaction between growth determinants a drive for global environmental sustainability? Evidence from world top 10 pollutant emissions countries. Science of the Total Environment, 705, 135972.
  • EPA. (2022). Overview of Greenhouse Gases. US EPA. https://www.epa.gov/ghgemissions/overview-greenhouse-gases
  • Ergün, S., & Polat, M. A. (2022). Finansal gelişme süreci ve çevresel kalite üzerine etkilerinin ampirik kanıtları. In A. Şit & C. Telek (Eds.), Ekonomi ve Finans Alanında Ampirik Çalışmalar (Vol. 1, pp. 2-30). Ankara: Gazi Kitabevi.
  • Fareed, Z. S., Rehman, M. A., Adebayo, T. S., Wang, Y. H., Ahmad, M., & Shahzad, F. (2022). Financial inclusion and the environmental deterioration in Eurozone: The moderating role of innovation activity. Technology in Society, 69, 13. https://doi.org/10.1016/j.techsoc.2022.101961
  • Ganda, F. (2019). The impact of innovation and technology investments on carbon emissions in selected organisation for economic Co-operation and development countries. Journal of Cleaner Production, 217, 469-483.
  • Guo, J., Zhou, Y., Ali, S., Shahzad, U., & Cui, L. (2021). Exploring the role of green innovation and investment in energy for environmental quality: An empirical appraisal from provincial data of China. Journal of Environmental Management, 292, 112779.
  • Gyamfi, B. A., Agozie, D. Q., & Bekun, F. V. (2022). Can technological innovation, foreign direct investment and natural resources ease some burden for the BRICS economies within current industrial era?. Technology in Society, 70, 102037.
  • Habiba, U., Xinbang, C., & Ahmad, R. I. (2021). The influence of stock market and financial institution development on carbon emissions with the importance of renewable energy consumption and foreign direct investment in G20 countries. Environmental Science and Pollution Research, 28, 67677-67688.
  • Habiba, U., Xinbang, C., & Anwar, A. (2022). Do green technology innovations, financial development, and renewable energy use help to curb carbon emissions?. Renewable Energy, 193, 1082-1093.
  • Hashmi, R., & Alam, K. (2019). Dynamic relationship among environmental regulation, innovation, CO2 emissions, population, and economic growth in OECD countries: A panel investigation. Journal of Cleaner Production, 231, 1100-1109.
  • Hasni, R., Dridi, D., & Ben Jebli, M. (2023). Do financial development, financial stability and renewable energy disturb carbon emissions? Evidence from asia–pacific economic cooperation economics. Environmental Science and Pollution Research, 30(35), 83198-83213. https://link.springer.com/article/10.1007/s11356-023-28418-8
  • Hayat, F., Pirzada, M. D. S., & Khan, A. A. (2018). The validation of Granger causality through formulation and use of finance-growth-energy indexes. Renewable and Sustainable Energy Reviews, 81, 1859-1867.
  • IEA. (2015). Renewables 2015: Global Status Report. https://www.iea.org/reports/renewables-2015-global-status-report
  • IEA. (2017). Renewables 2017: Analysis and Forecasts to 2022. https://iea.blob.core.windows.net/assets/952fe0c1-8d57-4dcc-adbd-85c854674478/MRSrenew2017.pdf
  • IEA. (2020). International Energy Agency (IEA) Renewables 2020: Analysis and forecast to 2025. https://www.iea.org/reports/renewables-2020
  • IPCC. (2014). Climate Change 2014. Synthesis Report. Summary for Policymarkers. C. U. Press.
  • Jianguo, D., Ali, K., Alnori, F., & Ullah, S. (2022). The nexus of financial development, technological innovation, institutional quality, and environmental quality: evidence from OECD economies. Environmental Science and Pollution Research, 29(38), 58179-58200.
  • Jin, T., & Kim, J. (2018). What is better for mitigating carbon emissions–Renewable energy or nuclear energy? A panel data analysis. Renewable and Sustainable Energy Reviews, 91, 464-471.
  • Kartal, M. T., Pata, U. K., & Alola, A. A. (2024). Renewable electricity generation and carbon emissions in leading European countries: Daily-based disaggregate evidence by nonlinear approaches. Energy Strategy Reviews, 51, 20. https://doi.org/10.1016/j.esr.2024.101300
  • Ke, H., Yang, W., Liu, X., & Fan, F. (2020). Does innovation efficiency suppress the ecological footprint? Empirical evidence from 280 Chinese cities. International Journal of Environmental Research and Public Health, 17(18), 6826.
  • Kevser, M., Tekbaş, M., Doğan, M., & Koyluoglu, S. (2022). Nexus among biomass energy consumption, economic growth, and financial development: Evidence from selected 15 countries. Energy Reports, 8, 8372-8380.
  • Khan, S. A. R., Ponce, P., & Yu, Z. (2021). Technological innovation and environmental taxes toward a carbon-free economy: An empirical study in the context of COP-21. Journal of Environmental Management, 298, 113418.
  • Khezri, M., Heshmati, A., & Khodaei, M. (2022). Environmental implications of economic complexity and its role in determining how renewable energies affect CO2 emissions. Applied Energy, 306, 117948.
  • Kirikkaleli, D., Güngör, H., & Adebayo, T. S. (2022). Consumption‐based carbon emissions, renewable energy consumption, financial development and economic growth in Chile. Business Strategy and the Environment, 31(3), 1123-1137.
  • Le, T.-H., Le, H.-C., & Taghizadeh-Hesary, F. (2020). Does financial inclusion impact CO2 emissions? Evidence from Asia. Finance Research Letters, 34, 101451.
  • Liu, X., Zhang, K., Tu, H., Liu, C., & Sun, Y. (2022). Dynamic Effects of CO2 Emissions on Anticipated Financial Development of European Countries. Frontiers in Environmental Science, 10, 882847.
  • Ma, Q., Murshed, M., & Khan, Z. (2021). The nexuses between energy investments, technological innovations, emission taxes, and carbon emissions in China. Energy Policy, 155, 112345.
  • Majeed, M. T., & Mazhar, M. (2019). Financial development and ecological footprint: a global panel data analysis. Pakistan Journal of Commerce and Social Sciences (PJCSS), 13(2), 487-514.
  • Maji, I. K., Habibullah, M. S., & Saari, M. Y. (2017). Financial development and sectoral CO2 emissions in Malaysia. Environmental Science and Pollution Research, 24, 7160-7176.
  • Nica, E., Poliakova, A., Popescu, G. H., Valaskova, K., Burcea, S. G., & Constantin, A. L. D. (2023). The impact of financial development, health expenditure, CO2 emissions, institutional quality, and energy Mix on life expectancy in Eastern Europe: CS-ARDL and quantile regression Approaches. Heliyon, 9(11), 16. https://doi.org/10.1016/j.heliyon.2023.e21084
  • Omri, A., Daly, S., Rault, C., & Chaibi, A. (2015). Financial development, environmental quality, trade and economic growth: What causes what in MENA countries. Energy Economics, 48, 242-252.
  • Paramati, S. R., Mo, D., & Huang, R. (2021). The role of financial deepening and green technology on carbon emissions: Evidence from major OECD economies. Finance Research Letters, 41, 101794.
  • Park, Y., Meng, F. C., & Baloch, M. A. (2018). The effect of ICT, financial development, growth, and trade openness on CO2 emissions: an empirical analysis. Environmental Science and Pollution Research, 25(30), 30708-30719. https://doi.org/10.1007/s11356-018-3108-6
  • Pata, U. K. (2018). Renewable Energy Consumption, Urbanization, Financial Development, Income and CO2 Emissions In Turkey: Testing Ekc Hypothesis with Structural Breaks. Journal of Cleaner Production, 187, 770-779.
  • Pejovic, B., Karadzic, V., Dragasevic, Z., & Backovic, T. (2021). Economic growth, energy consumption and CO2 emissions in the countries of the European Union and the Western Balkans. Energy Reports, 7, 2775-2783. https://doi.org/10.1016/j.egyr.2021.05.011
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. Cambridge Working Papers. Economics, 1240(1), 1.
  • Pesaran, M. H. (2007a). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22(2), 265-312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H. (2007b). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The econometrics journal, 11(1), 105-127.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Shahbaz, M., Haouas, I., Sohag, K., & Ozturk, I. (2020). The financial development-environmental degradation nexus in the United Arab Emirates: the importance of growth, globalization and structural breaks. Environmental Science and Pollution Research, 27, 10685-10699.
  • Shahbaz, M., Nasir, M. A., & Roubaud, D. (2018). Environmental degradation in France: the effects of FDI, financial development, and energy innovations. Energy Economics, 74, 843-857.
  • Shahbaz, M., Shahzad, S. J. H., Ahmad, N., & Alam, S. (2016). Financial development and environmental quality: the way forward. Energy Policy, 98, 353-364.
  • Shan, S., Genç, S. Y., Kamran, H. W., & Dinca, G. (2021). Role of green technology innovation and renewable energy in carbon neutrality: A sustainable investigation from Turkey. Journal of Environmental Management, 294, 113004.
  • Sharma, G. D., Tiwari, A. K., Erkut, B., & Mundi, H. S. (2021). Exploring the nexus between non-renewable and renewable energy consumptions and economic development: Evidence from panel estimations. Renewable & Sustainable Energy Reviews, 146, 17. https://doi.org/10.1016/j.rser.2021.111152
  • Shen, Y., Su, Z.-W., Malik, M. Y., Umar, M., Khan, Z., & Khan, M. (2021). Does green investment, financial development and natural resources rent limit carbon emissions? A provincial panel analysis of China. Science of the Total Environment, 755, 142538.
  • Sheraz, M., Xu, D. Y., Ahmed, J., Ullah, S., & Ullah, A. (2021). Moderating the effect of globalization on financial development, energy consumption, human capital, and carbon emissions: evidence from G20 countries.
  • Environmental Science and Pollution Research, 28(26), 35126-35144. https://doi.org/10.1007/s11356-021-13116-0 Su, C.-W., Pang, L.-D., Tao, R., Shao, X., & Umar, M. (2022). Renewable energy and technological innovation: Which one is the winner in promoting net-zero emissions?. Technological Forecasting and Social Change, 182, 121798.
  • Tekbaş, M., & Yıldırım, M. (2023). Gelişmekte Olan Ülkelerde İnovasyon ve Ekonomik Büyümenin CO2 Emisyonu Üzerine Etkisi. JOEEP: Journal of Emerging Economies and Policy, 8(2), 507-516.
  • Ullah, A., Dogan, M., Pervaiz, A., Bukhari, A. A. A., Akkus, H. T., & Dogan, H. (2024). The impact of digitalization, technological and financial innovation on environmental quality in OECD countries: Investigation of N-shaped EKC hypothesis. Technology in Society, 77, 102484.
  • Usman, M., & Makhdum, M. S. A. (2021). What abates ecological footprint in BRICS-T region? Exploring the influence of renewable energy, non-renewable energy, agriculture, forest area and financial development. Renewable Energy, 179, 12-28.
  • Wang, K. H., Liu, L., Adebayo, T. S., Lobont, O. R., & Claudia, M. N. (2021). Fiscal decentralization, political stability and resources curse hypothesis: A case of fiscal decentralized economies. Resources Policy, 72, 8. https://doi.org/10.1016/j.resourpol.2021.102071
  • Wang, Q., Wang, L., & Li, R. (2023). Trade protectionism jeopardizes carbon neutrality–decoupling and breakpoints roles of trade openness. Sustainable Production and Consumption, 35, 201-215.
  • WDI. (2023). World Development Indicators (https://datatopics.worldbank.org/world-development-indicators/ Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and Statistics, 69(6), 709-748. https://doi.org/10.1111/j.1468-0084.2007.00477.x
  • Xu, X., Dai, W., Muhammad, T., & Zhang, T. (2023). The Dynamic Relationship between Carbon Emissions, Financial Development, and Renewable Energy: A Study of the N-5 Asian Countries. Sustainability, 15(18), 13888.
  • Zhang, B., Zhang, T., Yu, S., Wang, H., Wang, X., Chang, Y., Mou, H., Zhang, P., Wang, L., & Jiang, Y. (2017). Carbon-wrapped four-component Na–Ni–Ti–Co oxides via sol–gel process for NIB anode material with superior cycling stability. Journal of Applied Electrochemistry, 47, 855-864.
  • Zhang, Y. Y., Li, Y., & Wei, Y. G. (2023). Understanding the relation between the socio-economic development and CO2 emission of 76 contracting countries in The Paris Agreement. Environment Development and Sustainability, 25(12), 14131-14153. https://doi.org/10.1007/s10668-022-02653-4
  • Zhen, Z., Ullah, S., Shaowen, Z., & Irfan, M. (2023). How do renewable energy consumption, financial development, and technical efficiency change cause ecological sustainability in European Union countries?. Energy & Environment, 34(7), 2478-2496. https://doi.org/10.1177/0958305x221109949
There are 86 citations in total.

Details

Primary Language Turkish
Subjects International Economics (Other)
Journal Section Articles
Authors

Mehmet Hanifi Ateş 0000-0002-1916-3403

Canan Dağıdır Çakan 0000-0001-7230-6373

Sabri Kurtoğlu 0000-0003-1446-4191

Publication Date March 14, 2025
Submission Date July 14, 2024
Acceptance Date December 25, 2024
Published in Issue Year 2025 Volume: 27 Issue: IERFM 2025 Özel Sayı

Cite

APA Ateş, M. H., Dağıdır Çakan, C., & Kurtoğlu, S. (2025). FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ. Trakya Üniversitesi Sosyal Bilimler Dergisi, 27(IERFM 2025 Özel Sayı), 149-176. https://doi.org/10.26468/trakyasobed.1514948
AMA Ateş MH, Dağıdır Çakan C, Kurtoğlu S. FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ. Trakya Üniversitesi Sosyal Bilimler Dergisi. March 2025;27(IERFM 2025 Özel Sayı):149-176. doi:10.26468/trakyasobed.1514948
Chicago Ateş, Mehmet Hanifi, Canan Dağıdır Çakan, and Sabri Kurtoğlu. “FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ”. Trakya Üniversitesi Sosyal Bilimler Dergisi 27, no. IERFM 2025 Özel Sayı (March 2025): 149-76. https://doi.org/10.26468/trakyasobed.1514948.
EndNote Ateş MH, Dağıdır Çakan C, Kurtoğlu S (March 1, 2025) FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ. Trakya Üniversitesi Sosyal Bilimler Dergisi 27 IERFM 2025 Özel Sayı 149–176.
IEEE M. H. Ateş, C. Dağıdır Çakan, and S. Kurtoğlu, “FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ”, Trakya Üniversitesi Sosyal Bilimler Dergisi, vol. 27, no. IERFM 2025 Özel Sayı, pp. 149–176, 2025, doi: 10.26468/trakyasobed.1514948.
ISNAD Ateş, Mehmet Hanifi et al. “FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ”. Trakya Üniversitesi Sosyal Bilimler Dergisi 27/IERFM 2025 Özel Sayı (March 2025), 149-176. https://doi.org/10.26468/trakyasobed.1514948.
JAMA Ateş MH, Dağıdır Çakan C, Kurtoğlu S. FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ. Trakya Üniversitesi Sosyal Bilimler Dergisi. 2025;27:149–176.
MLA Ateş, Mehmet Hanifi et al. “FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ”. Trakya Üniversitesi Sosyal Bilimler Dergisi, vol. 27, no. IERFM 2025 Özel Sayı, 2025, pp. 149-76, doi:10.26468/trakyasobed.1514948.
Vancouver Ateş MH, Dağıdır Çakan C, Kurtoğlu S. FİNANSAL GELİŞMENİN, YEŞİL TEKNOLOJİK İNOVASYONLARIN VE YENİLENEBİLİR ENERJİ KULLANIMININ KARBON EMİSYONLARININ AZALTILMASINDAKİ ROLÜ. Trakya Üniversitesi Sosyal Bilimler Dergisi. 2025;27(IERFM 2025 Özel Sayı):149-76.

Trakya University Journal of Social Sciences is licensed under Creative Commons Attribution 4.0.