The positive influences of renewable energy consumption on financial development and economic growth

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dc.authorid0000-0002-9858-1266
dc.authorid0000-0002-8072-031X
dc.contributor.authorZhe, Li
dc.contributor.authorYüksel, Serhat
dc.contributor.authorDinçer, Hasan
dc.contributor.authorMukhtarov, Shahriyar
dc.contributor.authorAzizov, Mayis
dc.date.accessioned2021-09-10T09:47:05Z
dc.date.available2021-09-10T09:47:05Z
dc.date.issued2021
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.description.abstractThis study aims to evaluate the positive impacts of renewable energy usage on the economic growth and financial development. For this purpose, an evaluation has been performed with VAR analysis. In the analysis process, annual data for the period between 1990 and 2015 is used. The findings show that renewable energy usage and financial development do not have a powerful influence on the economic growth. However, it is identified that renewable energy usage has a positive impact on the financial development. Hence, it is strongly recommended that renewable energy usage should be encouraged by policy makers in the country. Nonetheless, to understand the main indicators of economic growth, many different factors should be taken into consideration. It is seen that owing to the use of environmentally friendly energy, the size of the financial sector increases. It is obvious that environment-friendly energy usage attracts the attention of the financial investors. In this context, it would be appropriate to give some incentives to renewable energy investors. Within this framework, issues such as tax reduction, location support, and low interest loan opportunities will make renewable energy investments more reasonable.
dc.identifier.citationZhe, L., Yüksel, S., Dinçer, H., Mukhtarov, S. ve Azizov, M. (2021). The positive influences of renewable energy consumption on financial development and economic growth. SAGE Open, 11(3). https://dx.doi.org/10.1177/21582440211040133
dc.identifier.doi10.1177/21582440211040133
dc.identifier.issn2158-2440
dc.identifier.issue3
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://dx.doi.org/10.1177/21582440211040133
dc.identifier.urihttps://hdl.handle.net/20.500.12511/8086
dc.identifier.volume11
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSAGE Publications Inc.
dc.relation.ispartofSAGE Openen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsAttribution 4.0 International*
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/*
dc.subjectEconomic Growth
dc.subjectFinancial Development
dc.subjectRenewable Energy
dc.subjectVAR
dc.titleThe positive influences of renewable energy consumption on financial development and economic growth
dc.typeArticle

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