Araştırma Makalesi

The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries

Cilt: 10 Sayı: 4 31 Aralık 2025
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The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries

Öz

This study investigates the influence of financial innovation on environmental sustainability, advancements in green technology, and the generation of renewable energy. Utilizing annual data from 18 OECD countries spanning 2009 to 2021, the analysis employs Panel-Corrected Standard Errors (PCSE), Westerlund-Edgerton LM Bootstrap Cointegration tests, and Dumitrescu-Hurlin panel causality tests. The findings reveal that financial innovation significantly enhances environmental quality. Moreover, it is observed that financial innovation stimulates green technological advancements, fostering the development of eco-friendly technologies. Additionally, financial innovation plays a pivotal role in boosting renewable energy production. These results offer valuable insights for policymakers aiming to advance environmental sustainability and promote green investments. The study highlights the potential of financial innovation to drive both environmental and economic progress by accelerating growth in green technology and renewable energy sectors

Anahtar Kelimeler

Kaynakça

  1. Acemoglu, D., Aghion, P., Bursztyn, L. and Hemous, D. (2012). The environment and directed technical change. American Economic Review, 102, 131–166. https://doi.org/10.1257/aer.102.1.131
  2. Ainou, F.Z., Ali, M. and Sadiq, M. (2023). Green energy security assessment in Morocco: green finance as a step toward sustainable energy transition, Environmental Science and Pollution Research, 30, 61411–61429. https://doi.org/10.1007/s11356-022-19153-7.
  3. An, N., Zagorscak, R., Wang, F., Cai, W., Mutailipu, M., Widya, Yudha, S., Tjahjono, B. and Longhurst P. (2022). Sustainable transition from fossil fuel to geothermal energy: A multi-level perspective approach. Energies, 15, 7435. https://doi.org/10.3390/EN15197435.
  4. Appiah-Otoo, I., Chen, X. and Ampah, J.D. (2023). Does financial structure affect renewable energy consumption? Evidence from G20 countries. Energy, 272, 127130. https://doi.org/10.1016/j.energy.2023.127130
  5. Assi, A.F., Zhakanova Isiksal, A. and Tursoy, T. (2021). Renewable energy consumption, financial development, environmental pollution, and innovations in the ASEAN + 3 group: evidence from (P-ARDL) model. Renewable Energy, 165, 689-700. https://doi.org/10.1016/j.renene.2020.11.052
  6. Baltagi, B.H. (2008). Forecasting with panel data. Journal of Forecasting, 27(2), 153-173. https://doi.org/10.1002/for.1047
  7. Beck, N. and Katz, J.N. (1995). What to do (and not to do) with time-series cross-section data. American Political Science Review, 89(3), 634-647. https://doi.org/10.2307/2082979
  8. Beck, T., Chen, T., Lin, C. and Song, F.M. (2016). Financial innovation: The bright and the dark sides. Journal of Banking & Finance, 72, 28-51, https://doi.org/10.1016/j.jbankfin.2016.06.012

Ayrıntılar

Birincil Dil

İngilizce

Konular

Çevre ve İklim Finansmanı, Finans

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Aralık 2025

Gönderilme Tarihi

11 Eylül 2025

Kabul Tarihi

12 Aralık 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 10 Sayı: 4

Kaynak Göster

APA
Kurt Cihangir, Ç. (2025). The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries. Ekonomi Politika ve Finans Araştırmaları Dergisi, 10(4), 1579-1602. https://doi.org/10.30784/epfad.1782573
AMA
1.Kurt Cihangir Ç. The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries. EPF Journal. 2025;10(4):1579-1602. doi:10.30784/epfad.1782573
Chicago
Kurt Cihangir, Çiğdem. 2025. “The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 (4): 1579-1602. https://doi.org/10.30784/epfad.1782573.
EndNote
Kurt Cihangir Ç (01 Aralık 2025) The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries. Ekonomi Politika ve Finans Araştırmaları Dergisi 10 4 1579–1602.
IEEE
[1]Ç. Kurt Cihangir, “The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries”, EPF Journal, c. 10, sy 4, ss. 1579–1602, Ara. 2025, doi: 10.30784/epfad.1782573.
ISNAD
Kurt Cihangir, Çiğdem. “The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries”. Ekonomi Politika ve Finans Araştırmaları Dergisi 10/4 (01 Aralık 2025): 1579-1602. https://doi.org/10.30784/epfad.1782573.
JAMA
1.Kurt Cihangir Ç. The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries. EPF Journal. 2025;10:1579–1602.
MLA
Kurt Cihangir, Çiğdem. “The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 10, sy 4, Aralık 2025, ss. 1579-02, doi:10.30784/epfad.1782573.
Vancouver
1.Çiğdem Kurt Cihangir. The Impact of Financial Innovation on Environmental Quality, Green Technological Innovation and Renewable Energy Production: Evidence from OECD Countries. EPF Journal. 01 Aralık 2025;10(4):1579-602. doi:10.30784/epfad.1782573