The effect of solar energy production on financial development and economic growth: Evidence from 11 selected countries

IF 3.1 4区工程技术 Q3 ENERGY & FUELS

Energy Sources Part B-Economics Planning and Policy Pub Date : 2022-11-02 DOI:10.1080/15567249.2022.2141377

Betül Altay Topcu, M. Doğan

{"title":"The effect of solar energy production on financial development and economic growth: Evidence from 11 selected countries","authors":"Betül Altay Topcu, M. Doğan","doi":"10.1080/15567249.2022.2141377","DOIUrl":null,"url":null,"abstract":"ABSTRACT The aim of this study was to investigate the impact of solar energy production on financial development and economic growth in 11 leading countries in solar energy production over the period 2000–2019. The results of the analysis indicated that solar energy production had a positive and significant impact on financial development, however, not on economic growth. It was found that the impacts of capital and direct investment variables on financial development and economic growth were positive and significant. According to Dumitrescu-Hurlin’s causality test results, a bidirectional causality relationship was determined to exist between solar energy production and financial development. Furthermore, a unidirectional causality relationship running from economic growth to solar energy production was detected. In this context, the analysis results confirmed the conservation hypothesis. The results could be a guide on solar energy production policies. By considering the impacts of solar energy production on financial development and economic growth, more effective policy decisions could be made.","PeriodicalId":51247,"journal":{"name":"Energy Sources Part B-Economics Planning and Policy","volume":null,"pages":null},"PeriodicalIF":3.1000,"publicationDate":"2022-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"6","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Sources Part B-Economics Planning and Policy","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1080/15567249.2022.2141377","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}

引用次数: 6

Abstract

ABSTRACT The aim of this study was to investigate the impact of solar energy production on financial development and economic growth in 11 leading countries in solar energy production over the period 2000–2019. The results of the analysis indicated that solar energy production had a positive and significant impact on financial development, however, not on economic growth. It was found that the impacts of capital and direct investment variables on financial development and economic growth were positive and significant. According to Dumitrescu-Hurlin’s causality test results, a bidirectional causality relationship was determined to exist between solar energy production and financial development. Furthermore, a unidirectional causality relationship running from economic growth to solar energy production was detected. In this context, the analysis results confirmed the conservation hypothesis. The results could be a guide on solar energy production policies. By considering the impacts of solar energy production on financial development and economic growth, more effective policy decisions could be made.

查看原文本刊更多论文

太阳能生产对金融发展和经济增长的影响:来自11个选定国家的证据

本研究的目的是研究2000-2019年期间太阳能生产对11个太阳能生产大国金融发展和经济增长的影响。分析结果表明，太阳能生产对金融发展有显著的积极影响，但对经济增长没有积极影响。研究发现，资本和直接投资变量对金融发展和经济增长的影响是显著的。根据dumitrescuo - hurlin的因果检验结果，确定太阳能生产与金融发展之间存在双向因果关系。此外，从经济增长到太阳能生产的单向因果关系被发现。在这种情况下，分析结果证实了守恒假设。研究结果可以作为太阳能生产政策的指南。通过考虑太阳能生产对金融发展和经济增长的影响，可以制定更有效的政策决策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Energy Sources Part B-Economics Planning and Policy ENERGY & FUELS-

CiteScore

6.80

自引率

12.80%

发文量

审稿时长

6-12 weeks

期刊介绍： 12 issues per year Abstracted and/or indexed in: Applied Science & Technology Index; API Abstracts/Literature; Automatic Subject Index Citation; BIOSIS Previews; Cabell’s Directory of Publishing Opportunities in Economics and Finance; Chemical Abstracts; CSA Aquatic Science & Fisheries Abstracts; CSA Environmental Sciences & Pollution Management Database; CSA Pollution Abstracts; Current Contents/Engineering, Technology & Applied Sciences; Directory of Industry Data Sources; Economic Abstracts; Electrical and Electronics Abstracts; Energy Information Abstracts; Energy Research Abstracts; Engineering Index Monthly; Environmental Abstracts; Environmental Periodicals Bibliography (EPB); International Abstracts in Operations Research; Operations/Research/Management Science Abstracts; Petroleum Abstracts; Physikalische Berichte; and Science Citation Index. Taylor & Francis make every effort to ensure the accuracy of all the information (the "Content") contained in our publications. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently verified with primary sources of information. Taylor & Francis shall not be liable for any losses, actions, claims, proceedings, demands, costs, expenses, damages, and other liabilities whatsoever or howsoever caused arising directly or indirectly in connection with, in relation to, or arising out of the use of the Content. Terms & Conditions of access and use can be found at http://www.tandfonline.com/page/terms-and-conditions .