Testing the role of fiscal policy in the environmental degradation: the case of Turkey

被引：0
作者：
Salih Katircioglu
Setareh Katircioglu
机构：
[1] Eastern Mediterranean University,Department of Banking and Finance
[2] University of Kyrenia,Department of Banking and Finance
来源：
Environmental Science and Pollution Research | 2018年 / 25卷
关键词：
Fiscal policy; Carbon emissions; EKC; Turkey;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study introduces a new research topic that investigates the relationship between fiscal development and carbon emissions in Turkey through testing Environmental Kuznets Curve (EKC) hypothesis. Annual data covering the period, 1960–2013, has been used and in addition to gross domestic product and energy consumption, fiscal policy variables have been regressed on the level of carbon emissions in Turkey. Results reveal that fiscal policies and carbon emissions are in long-term equilibrium relationship in Turkey; carbon dioxide emission level converges towards long-term paths as contributed by fiscal policy. The effects of fiscal aggregates on the level of carbon dioxide emissions are negatively significant revealing that growth in fiscal aggregates leads to declines on the levels of carbon emissions. This proves that as far as environmental effects are concerned, fiscal policies regarding energy sector is successful in Turkey. Thus, the major finding of this study confirmed the validity of the fiscal policy-induced EKC hypothesis in the case of Turkey.
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页码：5616 / 5630
页数：14
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