Financial Development, Renewable Energy Consumption and Industrial Output Relation: Testing Fourier ARDL for Turkey

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dc.authoridARIK, MUSERREF/0000-0002-5334-8743
dc.contributor.authorKilic, Cuneyt
dc.contributor.authorAkcan, Ahmet Tayfur
dc.contributor.authorTopkaya, Ozgur
dc.contributor.authorArik, Muserref
dc.date.accessioned2025-01-27T21:19:37Z
dc.date.available2025-01-27T21:19:37Z
dc.date.issued2024
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractEnergy plays a vital role in every aspect of the economy and in recent years renewable energy is highly debated for its pros and cons. While renewable energy consumption is important for sustainable growth and reduction of environmental damage it has some negative effects on the industrial production. The aim of the study is to examine the relationship between renewable energy consumption, financial development and industrial output for Turkey. Annual data between 1980 and 2019 were used in the study. Fractional Fourier Augmented Dickey-Fuller Unit Root Test and the Fourier Autoregressive Distributed Lag Bound Tests were used to analyze the relationship between variables. As a result of the study, a positive relationship was found between financial development and renewable energy consumption, while a negative relationship was found between industrial output and renewable energy consumption. Our empirical findings have important policy implications. According to these policy implications, the focus should be on a green-based economy with various subsidies, selective taxation procedures and incentive policies to increase the demand for renewable energy use.
dc.identifier.doi10.2478/sbe-2024-0006
dc.identifier.endpage117
dc.identifier.issn1842-4120
dc.identifier.issn2344-5416
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85194372056
dc.identifier.scopusqualityQ3
dc.identifier.startpage97
dc.identifier.urihttps://doi.org/10.2478/sbe-2024-0006
dc.identifier.urihttps://hdl.handle.net/20.500.12428/28681
dc.identifier.volume19
dc.identifier.wosWOS:001228061000017
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherSciendo
dc.relation.ispartofStudies in Business and Economics
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectFourier ARDL
dc.subjectFinancial Development
dc.subjectRenewable Energy Consumption
dc.subjectIndustrial Output
dc.titleFinancial Development, Renewable Energy Consumption and Industrial Output Relation: Testing Fourier ARDL for Turkey
dc.typeArticle

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