How Does Financial Development Affect the Volume of Nuclear Energy? Assessing The Relationship Between Nuclear Energy and Finance

Yıl 2024, , 399 - 410, 29.11.2024

Hasan Kazak

https://doi.org/10.29249/selcuksbmyd.1454247

Öz

The main objective of this study is to reveal the relationship between the volume of nuclear energy, which is becoming increasingly important as a clean energy source in today's world where the effects of environmental pollution are widely discussed, and financial indicators within the framework of nuclear energy producing countries. The study analyzes the relationship between the variables of domestic bank credit to the private sector (per capita) and gross capital formation (per capita) and the volume of nuclear energy per capita for the period 1970-2022. In the study, the panel cointegration test developed by Olayeni et al. (2020) was used to determine the long-run relationship between the variables. In addition, the coefficients were calculated using the cointegration estimator proposed by Bai (2009). According to the results of panel Fourier cointegration test, cointegration relationship is detected in all panel countries according to both PP and GLS values. According to the results of panel cointegration coefficient estimates, the CRD variable has a negative effect on the NUC variable, and the CAP variable has a positive and statistically significant effect. To the best of our knowledge, there is no study in the literature that examines the relationship between the per capita amount of bank loans to the private sector, the per capita amount of gross capital, and nuclear energy to understand the dynamics and impact of the financial and energy sectors on environmental and economic sustainability. It is thought that the study will make an important contribution to the related literature in this respect.

Anahtar Kelimeler

Nuclear Energy, Clean Energy, Environment, Finance, Co-integration

Finansal Gelişme Nükleer Enerji Hacmini Nasıl Etkiler? Nükleer Enerji ve Finans Arasındaki İlişkinin Değerlendirilmesi

Öz

Bu çalışmanın temel amacı çevre kirliliğinin etkilerinin çokça konuşulduğu günümüzde temiz enerji kaynağı olarak önemi her geçen gün artan nükleer enerji hacmi ile finansal göstergeler arasındaki ilişkileri nükleer enerji üretimi yapan ülkeler kapsamında ele alarak ortaya koymaktır. Çalışmada 1970-2022 dönemi için Bankalar tarafından özel sektöre verilen yurtiçi kredi (kişi başına) ve Gayri safi sermaye oluşumu (kişi başına) değişkenleri ile Kişi başına nükleer enerji hacmi arasındaki ilişki ele alınmıştır. Çalışmada Olayeni et al. (2020) tarafından geliştirilen panel eşbütünleşme testi kullanılarak değişkenler arasındaki uzun dönemli ilişki tespit edilmiştir. Ayrıca Bai (2009) tarafından önerilen eşbütünleşme tahmincisi ile katsayılar hesaplanmıştır. Panel fourier eşbütünleşme testi sonuçlarına göre hem PP hem de GLS değerlerine göre tüm panel ülkelerinde eşbütünleşme ilişkisi tespit edilmiştir. Panel eşbütünleşme katsayı tahminlerinin sonuçlarına göre ise, CRD değişkeni NUC değişkeni üzerinde negatif ve CAP değişkeni pozitif ve istatistiksel olarak anlamlı etkiye sahiptir. Literatürde bildiğimiz kadarıyla finans ve enerji sektörlerinin ekolojik ve ekonomik sürdürülebilirlik üzerindeki dinamiklerini ve etkilerini anlamak açısından, bankaların özel sektöre kullandırdığı kredilerin kişi başına düşen miktarı, kişi başına düşen gayri safi sermaye miktarı ve nükleer enerji arasındaki ilişkilerin bir arada ele alındığı bir çalışma bulunmamaktadır. Çalışmanın bu yönüyle ilgili literatüre önemi bir katkı sağlayacağı düşünülmektedir.

Anahtar Kelimeler

Nükleer Enerji, Temiz Enerji, Çevre, Finans, Eşbütünleşme

Kaynakça

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