WoS İndeksli Yayınlar Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/394
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Article Citation - WoS: 49Citation - Scopus: 64Green Environment in the EU Countries: The Role of Financial Inclusion, Natural Resources and Energy Intensity(Elsevier Sci Ltd, 2023-05) Hodzic, Sabina; Sikic, Tanja Fatur; Dogan, EyupThe European Union pursues the European Green Deal strategy as well as Sustainable Development Goals, the main target of which is to become a carbon-neutral continent by 2050. Hence, a lot of environmental challenges need to be solved. Possible determinants in mitigating environmental challenges are financial inclusion, natural resources and interaction with a green environment. This concept implies preserving natural resources and a clean environment for future generations. However, there is still no clear evidence in the literature on how natural resources and financial inclusion interact with the green environment in the EU. Therefore, this paper aims at filling this gap. In order to obtain empirical results, the quantile regression econometric technique proposed by Koenker has been applied. The analyzed period was from 2004 to 2019 for EU-26 countries. The results show that higher energy intensity is the main cause of environmental degradation. However, financial inclusion in higher quantiles and natural resources rent lead to a reduction in carbon emissions. Our results also confirm that the EU has succeeded in decoupling economic growth from pollution. The robustness of the results was checked using a Powell's quantile regression, which confirmed the relationship between a green environ-ment and the variables analyzed. Thus, the results suggest that financial inclusion needs to be more integrated into energy and climate policies, especially in the early stages of development. In addition, large-scale green investments are needed in EU countries to further reduce energy intensity and create an effective green environment.Article Citation - WoS: 37Citation - Scopus: 49Financial Inclusion and Poverty: Evidence From Turkish Household Survey Data(Routledge Journals, Taylor & Francis Ltd, 2021-09-30) Dogan, Eyup; Madaleno, Mara; Taskin, DilvinEven though poverty is highly felt in developing economies, the lack of relevant and complete micro-level data limits understanding which households are more exposed to poverty and the role of financial inclusion in poverty in these countries. This research analyzes the effects of financial inclusion proxied by a multidimensional index on three poverty measures (the lowest-income poverty line, a lower-middle-income line, and an upper-middle-income line) by employing the recent Turkish Household Budget and Consumption Expenditure Survey data with 11,595 complete answers. In addition to the application of logistic regressions, this study addresses possible endogeneity issues by using access to the nearest bank as an instrument in a two-stage least-squares regression and employing the novel method as a robustness check. Empirical results point out that an increase in financial inclusion decreases poverty in Turkey. The adverse effect of financial inclusion on poverty is validated through a few robustness and sensitivity analyses. The outcome also indicates that health expenditure and income are essential through which poverty is influenced by financial inclusion. Thus, policies are required to enhance the financial inclusion of households to alleviate poverty. Further discussions are presented in this study.Article Citation - WoS: 191Citation - Scopus: 206Which Households Are More Energy Vulnerable? Energy Poverty and Financial Inclusion in Turkey(Elsevier, 2021) Dogan, Eyup; Madaleno, Mara; Taskin, DilvinThis study examines the effects of financial inclusion on energy poverty using the 2018 Turkish Household Budget and Consumption Expenditure Surveys. The study adopts three different measures of energy poverty and then analyzes the impact of financial inclusion proxied by a multidimensional index on energy poverty using different estimation strategies. After addressing the endogeneity of financial inclusion by instrumenting financial inclusion with access to the nearest bank in a two-stage least squares framework, the empirical results show that financial inclusion significantly alleviates energy poverty while its impact is higher for female-headed households. These findings are robust to Oster's (2019) bounds estimates that deal with omitted variable bias. The results also suggest that health and income are significant through which financial inclusion influences energy poverty. The findings thus point to the need for policies that promote financial inclusion as a way of alleviating energy poverty. (C) 2021 Elsevier B.V. All rights reserved.