International Trade, Foreign Direct Investment, Financial Development and Renewable Energy Supply: Panel Data Evidence from Newly Industrialized Countries

dc.contributor.authorYücel, Gülçin Elif
dc.contributor.authorUstabaş, Ayfer
dc.contributor.authorAcar, Tuğçe
dc.date.accessioned2024-05-19T14:23:36Z
dc.date.available2024-05-19T14:23:36Z
dc.date.issued2022
dc.departmentİstinye Üniversitesien_US
dc.description.abstractIn many newly industrializing countries (NICs), increased international trade activities are often triggered by several advancements, including attracting foreign direct investment (FDI), financial development, and technological changes. Recently, abundant and diversified renewable energy sources used in production have also started to take their place among these advancements. Although the relationship between FDI, financial developments, and international trade for NICs has been analyzed in many studies, incorporating renewable energy supply’s impact in this linkage has been relatively narrow. This paper aims to fill the gap in the literature by investigating the effects of renewable energy supply on FDI, financial development, and international trade for newly industrialized countries using panel causality and panel cointegration analyses between 1990 and 2019. Our findings indicate (i) uni-directional causality running from international trade to financial development, (ii) uni-directional causality running from renewable energy supply to financial development, and (iii) bi-directional causality between financial development and FDI. The result of the cointegration analysis showed that there is no long-term relationship between the variables.en_US
dc.identifier.doi10.22440/wjae.8.2.1
dc.identifier.endpage64en_US
dc.identifier.issn2459-0126
dc.identifier.issue2en_US
dc.identifier.startpage51en_US
dc.identifier.trdizinid1143993en_US
dc.identifier.urihttps://doi.org/10.22440/wjae.8.2.1
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/1143993
dc.identifier.urihttps://hdl.handle.net/20.500.12713/4051
dc.identifier.volume8en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofWorld Journal of Applied Economicsen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240519_kaen_US
dc.titleInternational Trade, Foreign Direct Investment, Financial Development and Renewable Energy Supply: Panel Data Evidence from Newly Industrialized Countriesen_US
dc.typeArticleen_US

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