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How Does Financial Development Affect Carbon Dioxide Emissions in Türkiye? An Econometric Approach

Author

Listed:
  • Seyit ORDU
  • Demet YAMAN

Abstract

The interaction between financial development and environmental sustainability has become an increasingly important research area, especially in emerging market economies. In this context, the main objective of this study is to contribute to sustainable development policies by analyzing the relationship between financial development and carbon dioxide emissions in Türkiye, which has a dynamic economic structure, with annual data for the period 1988-2023. In the empirical analysis, the ARDL bounds test developed by Pesaran et al. (2001) is used. The results of the analysis reveal the existence of a long-run cointegration relationship between financial development and carbon dioxide emissions. Moreover, the long-run coefficients obtained in the analysis indicate that financial development can be a strategic tool for Türkiye to achieve its sustainable development goals.

Suggested Citation

  • Seyit ORDU & Demet YAMAN, 2026. "How Does Financial Development Affect Carbon Dioxide Emissions in Türkiye? An Econometric Approach," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 2.
    • Handle: RePEc:fis:journl:260224
    DOI: 10.25295/fsecon.1826980
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    Keywords

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    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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