Effects of Financial Development and Foreign Direct Investments on Ecological Footprint: Panel Causality Analysis Cover Image

Finansal Gelişme ve Doğrudan Yabancı Sermaye Yatırımlarının Ekolojik Ayakizi Üzerindeki Etkileri: Panel Nedensellik Analizi
Effects of Financial Development and Foreign Direct Investments on Ecological Footprint: Panel Causality Analysis

Author(s): Onur Yağiş
Subject(s): Energy and Environmental Studies, Economic development, Accounting - Business Administration, Socio-Economic Research
Published by: SD Yayınevi
Keywords: Financial Development; Foreign Direct Investment; Ecological Footprint; Panel Causality;

Summary/Abstract: In this study, the causality test developed by Emirmahmutoğlu and Köse (2011) for the BRICS-T countries (Brazil, Russia, India, China, South Africa and Turkey) the effects of financial development and foreign direct investment investments on the ecological footprint is based on the 1992-2018 period. intended to be used. Firstly, the cross-section test and delta tests were performed. Then, Pesaran (2007) CIPS panel unit root test and Emirmahmutoğlu and Köse (2011) causality test were used. As a result of the study, a one-way causality relationship between financial development and ecological footprint, bidirectional causality between foreign direct investment and ecological footprint, and one-way causality between financial development and foreign direct investment was found for the countries studied

  • Issue Year: 9/2023
  • Issue No: 19
  • Page Range: 200-215
  • Page Count: 16
  • Language: Turkish