Theoretical and Applied Economics
No. 4 / 2023 (637), Winter
Analysis of the asymmetric relationship between stock markets and environmental quality: an analysis on Turkey
Artvin Coruh University, Artvin, Turkey
Mustafa ÇAYIR
Artvin Coruh University, Artvin, Turkey
Abstract. The aim of this study is to reveal the impact of stock market-based financial development on environmental quality in Turkey. In this context, the variables of Carbon (CO2) emissions, Ecological footprint, and load capacity factor are used as indicators of environmental quality, while the Borsa Istanbul 100 main index, along with the Financial and Industrial main sub-indexes, serve as indicators of stock market-based financial development. The analysis covers the period from 1991 to 2021, and the data consists of annual observations. Non-linear ARDL (Autoregressive Distributed Lag) method, which takes into account asymmetric effects, is employed as the econometric approach in the analysis. According to the findings of the study, the developments in the stock markets represented by the Borsa Istanbul 100, Financial, and Industrial indexes asymmetrically and significantly influence environmental quality in Turkey in both the short and long term.
Contents
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ARIMA forecast of Nigerian inflation rates with Covid-19 pandemic event in focus
Analysis of the asymmetric relationship between stock markets and environmental quality: an analysis on Turkey
Entrepreneurial knowledge and motivation's influence on entrepreneurial intentions: the role of entrepreneurial self-efficacy
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The effects of financial inclusion on entrepreneurship in SSA and the role of institutions
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The economic evolution of globalization
Revisiting the finance-growth nexus in Nigeria using frequency domain approach
Testing behavior of defense expenditures in the NATO Countries: evidence from Fourier quantile unit root test
The relationship between google trends search and energy commodity prices