Araştırma Makalesi

An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States

Cilt: 10 Sayı: 28 31 Ekim 2025
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An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States

Öz

This study aims to investigate the financial sector's impact on environmental degradation in the Turkic States and Türkiye. The financial industry is an important tool in preventing environmental degradation in almost every field in newly developing economies. For this purpose, three separate models were developed in the study to evaluate the impact of financial development on the ecological footprint as an indicator of environmental degradation between 1998-2020. In the analysis, the cointegration relationship between the variables was first tested, and then parameter estimates were made with the FMOLS method. According to the results obtained, the environmental Kuznets curve is valid. The ecological footprint and financial development are negatively related. It was seen that the relationship between financial development and growth reduced the ecological footprint; however, there was no connection between financial development and renewable energy. This may mean that the renewable energy sector is not yet effective enough.

Anahtar Kelimeler

Kaynakça

  1. Acar, S., Altıntaş, N., and Haziyev, V. (2023). The effect of financial development and economic growth on ecological footprint in Azerbaijan: an ARDL bound test approach with structural breaks. Environmental and Ecological Statistics, 30(1), 41-59. https://doi.org/10.1007/s10651-022-00551-6
  2. Acheampong, A. O. (2019). Modelling for insight: Does financial development improve environmental quality?. Energy Economics, 83(2019),156–179. https://doi.org/10.1016/j.eneco.2019.06.025
  3. Adebayo, T. S., Kartal, M. T., Ağa, M., and Al-Faryan, M. A. S. (2023). Role of country risks and renewable energy consumption on environmental quality: Evidence from MINT countries. Journal of Environmental Management, 327, 116884. https://doi.org/10.1016/j.jenvman.2022.116884
  4. Ahmed, Z., Zhang, B., and Cary, M. (2021). Linking economic globalization, economic growth, financial development, and ecological footprint: Evidence from symmetric and asymmetric ARDL. Ecological Indicators, 121, 107060. https://doi.org/10.1016/j.ecolind.2020.107060
  5. Akinsola, G. D., Awosusi, A. A., Kirikkaleli, D., Umarbeyli, S., Adeshola, I., and Adebayo, T. S. (2022). Ecological footprint, public-private partnership investment in energy, and financial development in Brazil: a gradual shift causality approach. Environmental Science and Pollution Research, 29(7), 10077-10090. https://doi.org/10.1007/s11356-021-15791-5
  6. Alfaro, L., Chanda, A., Kalemli-Ozcan, S., and Sayek, S. (2004). FDI and economic growth: The role of local financial markets. Journal of International Economics, 64(1), 89–112 https://doi.org/10.1016/S0022-1996(03)00081-3
  7. Ali, Q., Yaseen, M. R., Anwar, S., Makhdum, M. S. A., and Khan, M. T. I. (2021). The impact of tourism, renewable energy, and economic growth on ecological footprint and natural resources: A panel data analysis. Resources Policy, 74, 102365. https://doi.org/10.1016/j.resourpol.2021.102365
  8. Al-Mulali, U., and Ilhan O. (2015). The effect of energy consumption, urbanization, trade openness, industrial output, and the political stability on the environmental degradation in the MENA (Middle East and North African) region. Energy 84. 382-389. https://doi.org/10.1016/j.energy.2015.03.004

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekolojik İktisat, Finans ve Yatırım (Diğer)

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

17 Ekim 2025

Yayımlanma Tarihi

31 Ekim 2025

Gönderilme Tarihi

9 Aralık 2024

Kabul Tarihi

23 Eylül 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 10 Sayı: 28

Kaynak Göster

APA
Özpolat, A., Nakıpoğlu Özsoy, F., & Büyükoğlu, B. (2025). An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States. İktisadi İdari ve Siyasal Araştırmalar Dergisi, 10(28), 776-791. https://doi.org/10.25204/iktisad.1598529
AMA
1.Özpolat A, Nakıpoğlu Özsoy F, Büyükoğlu B. An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States. İKTİSAD. 2025;10(28):776-791. doi:10.25204/iktisad.1598529
Chicago
Özpolat, Aslı, Ferda Nakıpoğlu Özsoy, ve Burak Büyükoğlu. 2025. “An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States”. İktisadi İdari ve Siyasal Araştırmalar Dergisi 10 (28): 776-91. https://doi.org/10.25204/iktisad.1598529.
EndNote
Özpolat A, Nakıpoğlu Özsoy F, Büyükoğlu B (01 Ekim 2025) An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States. İktisadi İdari ve Siyasal Araştırmalar Dergisi 10 28 776–791.
IEEE
[1]A. Özpolat, F. Nakıpoğlu Özsoy, ve B. Büyükoğlu, “An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States”, İKTİSAD, c. 10, sy 28, ss. 776–791, Eki. 2025, doi: 10.25204/iktisad.1598529.
ISNAD
Özpolat, Aslı - Nakıpoğlu Özsoy, Ferda - Büyükoğlu, Burak. “An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States”. İktisadi İdari ve Siyasal Araştırmalar Dergisi 10/28 (01 Ekim 2025): 776-791. https://doi.org/10.25204/iktisad.1598529.
JAMA
1.Özpolat A, Nakıpoğlu Özsoy F, Büyükoğlu B. An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States. İKTİSAD. 2025;10:776–791.
MLA
Özpolat, Aslı, vd. “An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States”. İktisadi İdari ve Siyasal Araştırmalar Dergisi, c. 10, sy 28, Ekim 2025, ss. 776-91, doi:10.25204/iktisad.1598529.
Vancouver
1.Aslı Özpolat, Ferda Nakıpoğlu Özsoy, Burak Büyükoğlu. An Analysis on The Nexus Between Green Environment and Financial Development of Turkic States. İKTİSAD. 01 Ekim 2025;10(28):776-91. doi:10.25204/iktisad.1598529


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