Artikel

New insight into the finance-energy nexus: Disaggregated evidence from Turkish sectors

Seeing that reshaped energy economics literature has adopted some new variables in energy demand function, the number of papers looking into the relationship between financial development and energy consumption at the aggregate level has been increasing over the last few years. This paper, however, proposes a new framework using disaggregated data and investigates the nexus between financial development and sectoral energy consumption in Turkey. To this end, panel time series regression and causality techniques are adopted over the period 1989-2011. Empirical results confirm that financial development does have a significant impact on energy consumption, even with disaggregated data. It is also proved that the magnitude of financial development is larger in energy-intensive industries than in less energy-intensive ones.

Language
Englisch

Bibliographic citation
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 5 ; Year: 2017 ; Issue: 1 ; Pages: 1-16 ; Basel: MDPI

Classification
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Financial Institutions and Services: General
Energy and the Macroeconomy
Subject
financial development
energy consumption
Turkey

Event
Geistige Schöpfung
(who)
Topcu, Mert
Altay, Bulent
Event
Veröffentlichung
(who)
MDPI
(where)
Basel
(when)
2017

DOI
doi:10.3390/ijfs5010001
Handle
Last update
20.09.2024, 8:22 AM CEST

Data provider

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Object type

  • Artikel

Associated

  • Topcu, Mert
  • Altay, Bulent
  • MDPI

Time of origin

  • 2017

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