Abstract
This study investigates the effect of remittances on environmental degradation, examining the effects of remittances on CO2 emissions by considering economic growth, energy consumption, financial development, and urbanization. The study analyzes the Turkish economy over the period of 1975-2015 using the Bayer and Hanck (2012) cointegration test and the fully modified ordinary least square (FMOLS), dynamic ordinary least square (DOLS), and canonical cointegrating regression (CCR) methods. According to the findings, remittances are seen to have a positive effect on CO2 emissions. Therefore, remittances are seen to increase environmental degradation. In addition, economic growth, energy consumption, and urbanization have also been determined to cause CO2 emissions to increase. Meanwhile, financial development was determined to contribute to a decrease in CO2 emissions. As a result, authorities that aim to reduce environmental degradation should implement incentives for producers and consumers to transfer remittances toward renewable energy and environmentally friendly technologies. In addition, authorities should pay attention to policies that will accelerate the transition from fossil fuel to renewable energy, support financial development, and ensure rural development.
Keywords
Workers remittances CO2 emissions economic growth financial development urbanization TürkiyeShare
Details
- Authors: Ayşe Arı, Dr. Lecturer, Mersin University
- DOI: dx.doi.org/10.12658/M0707
- Year: 2023 (June) / Volume: 13 / Issue: 2
- Page: 276-298
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