Hydropower Energy Consumption, Financial Development, Foreign Direct Investment, and Economic Growth: Further Evidence from Newly Industrialized Countries
Yazarlar (2)
Prof. Dr. Feyyaz ZEREN Yalova Üniversitesi, Türkiye
Makale Türü Özgün Makale (SCOPUS dergilerinde yayınlanan tam makale)
Dergi Adı Journal of the Knowledge Economy
Dergi ISSN 1868-7865 Dergi Bilgileri (2024)
Dergi Tarandığı Indeksler SSCI
Makale Dili İngilizce Basım Tarihi 03-2024
Cilt / Sayı / Sayfa 15 / 1 / 1535–1555 DOI 10.1007/s13132-023-01135-w
Makale Linki https://doi.org/10.1007/s13132-023-01135-w
UAK Araştırma Alanları
Uluslararası Ticaret
Özet
In today’s world, the realm and use of renewable energy in the global economy have increasing importance. In this paper, the nexus between hydropower energy consumption (HEC), financial development (FD), foreign direct investment (FDI), and economic growth (EG) for “newly industrialized countries” in the time period between 1979 and 2020 was investigated using Durbin–Hausman (2008) panel cointegration and Emirmahmutoğlu and Köse panel causality tests. According to the obtained findings, there was no cointegration or causality found between HEC and the three macroeconomic indicators (FD, FDI, and EG). Accordingly, the neutrality hypothesis has been found to be valid for the studied panels. On the other hand, when the individual test statistics obtained from the causality test were examined, it has been discovered that different hypotheses such as growth, conservation, feedback, and neutrality are …
Anahtar Kelimeler
C33 | Economic growth | Financial development | Foreign direct investment | Hydropower energy consumption | Newly industrialized countries | Panel data analysis | Q42 | Q43