Road map from dirty growth to sustainable green growth in Turkiye: Management of trade and financial processes?

Naimoglu M., Shahbaz M., Lorente D.

JOURNAL OF ENVIRONMENTAL MANAGEMENT, vol.367, 2024 (SCI-Expanded, Scopus) identifier identifier identifier

  • Nəşrin Növü: Article / Article
  • Cild: 367
  • Nəşr tarixi: 2024
  • Doi nömrəsi: 10.1016/j.jenvman.2024.121984
  • jurnalın adı: JOURNAL OF ENVIRONMENTAL MANAGEMENT
  • Jurnalın baxıldığı indekslər: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, International Bibliography of Social Sciences, PASCAL, Aerospace Database, Agricultural & Environmental Science Database, Aqualine, Aquatic Science & Fisheries Abstracts (ASFA), BIOSIS, CAB Abstracts, Communication Abstracts, Environment Index, Geobase, Greenfile, Index Islamicus, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Yox

Qısa məlumat

This study examines how business, financial, monetary, and trade freedom influence Turkiye's green growth from 1995 to 2022, utilizing the ARDL approach to cointegration. Our results confirm the long-term cointegration among the variables. Robustness tests, such as Fully Modified Ordinary Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS), consistently show that business and trade freedom hinder Turkiye's green growth. Financial freedom and monetary freedom consistently foster it. Business freedom and heightened trade freedom lead to increased fossil fuel consumption, whereas monetary freedom stabilizes Turkiye's currency, and financial freedom promotes entrepreneurship. Enhancing eco-friendly energy sources and investing in green technologies are crucial for promoting sustainable growth, reducing production costs, fostering entrepreneurship, and encouraging competition. The fact that the impact of these variables on green growth in Turkiye has not been studied before makes the study's findings novel.