分布滞后
估计员
广义矩量法
自回归模型
计量经济学
可再生能源
经济
滞后
消费(社会学)
能源消耗
订单(交换)
估计
库存(枪支)
股票市场
财务
计算机科学
统计
面板数据
数学
计算机网络
社会科学
生态学
管理
社会学
电气工程
生物
工程类
机械工程
古生物学
马
作者
Oğuz SAYGIN,Ömer İskenderoğlu
摘要
Abstract The relationship between financial development and energy consumption is the most frequently research subject in economy and finance. The main objective of conducting this paper is to answer does financial development have an impact on renewable energy in developed countries? Many papers performed in energy literature, the findings were pointing to the existence of this kind of relationship. In order to examine the relationship between financial development and renewable energy consumption, a total of 23 developed countries, benefited from annual frequency data between 1990 and 2015. In addition to the widely used system generalized method of moments estimation method, models are also estimated with modern estimators using the cross‐sectionally augmented autoregressive distributed lag. As a result of the analysis performed indicates that there is a strong relationship between financial development and renewable energy consumption in developed countries when financial development is measured using banking variables. Otherwise, the estimated coefficients on stock market variables are negative and none of them found statistically significant in all models. These findings are consistent for both estimators.
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