Relationship between Industrial Production, Financial Development and Carbon Emissions: The Case of Turkey

被引:60
作者
Gokmenoglu, Korhan [1 ]
Ozatac, Nesrin [1 ]
Eren, Bans Memduh [1 ]
机构
[1] Eastern Mediterranean Univ, Dept Banking & Finance, Gazimagusa, Cyprus
来源
16TH ANNUAL CONFERENCE ON FINANCE AND ACCOUNTING, ACFA PRAGUE 2015 | 2015年 / 25卷
关键词
Industrialization; Financial development; Air pollution; Granger Causality; ENERGY-CONSUMPTION; DIOXIDE EMISSIONS; ECONOMIC-GROWTH; TIME-SERIES; UNIT-ROOT; COUNTRIES; COINTEGRATION; REGRESSION; IMPACT; INCOME;
D O I
10.1016/S2212-5671(15)00758-3
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
It is widely accepted that industrialization causes air pollution due to increased fossil fuel consumption. On the other hand, recent literature related with the impacts of financial development on air pollution has produced some mixed results. It is argued that not having proper energy policies has become a more severe problem for Turkey as the industrial activities have been accelerated in the country. The present study investigates the long run relationship between industrialization, financial development and carbon emissions by using Granger causality test in Turkey. Findings of the present study reveal a unidirectional relationship from financial development to carbon emissions. (C) 2015 The Authors. Published by Elsevier B.V.
引用
收藏
页码:463 / 470
页数:8
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