The triple impact of innovation, financial inclusion, and renewable energy consumption on environmental quality in some emerging economies

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Tarih

2024

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Econjournals

Erişim Hakkı

info:eu-repo/semantics/openAccess

Araştırma projeleri

Organizasyon Birimleri

Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İktisat Bölümü
İktisat Bölümü, başta Türkiye ve çevre ülkeler olmak üzere küresel ekonomileri anlayan, var olan sorunları analiz ederken, iktisadi kuramları ve kavramları yetkin ve özgün bir şekilde kullanma becerisine sahip bireyler yetiştirmeyi amaçlamaktadır.

Dergi sayısı

Özet

This paper investigates the triple impact of innovation, financial inclusion, and renewable energy consumption on the quality of environment. The study employed data between 2007 and 2019 from selected emerging economies. Using the fixed effect two-step GMM econometric method. The result found that financial inclusion and innovation have a positive relationship with carbon emissions, hence, contributing to the reduction in the quality of the environment. Renewable energy consumption was found to reduce carbon emissions. Similarly, the interactive terms TPT*FIN, FIN*REN, and TPT*REN were all negatively related to carbon emissions. The study recommends that governments should increase financial instruments to support innovation that will enhance environmental quality. Additionally, governments should strengthen their environmental policies. Financial institutions should encourage firms to access green finance solutions. The value and originality of this study is the introduction of the interactive term which throws more light on variables that affect the environment and through which channel. Moreso, there are few works with these interactive terms relative to emerging economies. Third, there are no previous studies that employed the fixed effect two-step GMM to analyze the impact of financial inclusion, technological innovation, and renewable energy consumption on environmental quality.

Açıklama

Anahtar Kelimeler

Financial Inclusion, Innovation, Renewable Energy, Emerging Economies, Fixed Effect GMM

Kaynak

International Journal of Energy Economics and Policy

WoS Q DeÄŸeri

Scopus Q DeÄŸeri

Q1

Cilt

14

Sayı

4

Künye

Kaplan, M., Abdul Rahman, M. M., Khan, A. I. ve Vergil, H. (2024). The triple impact of innovation, financial inclusion, and renewable energy consumption on environmental quality in some emerging economies. International Journal of Energy Economics and Policy, 14(4), 140-149. https://www.doi.org/10.32479/ijeep.16008