Scaling Up the Clean Energy Transition inTurkey: The Role of Financial Development,Green Technologies, and Economic Complexity
トルコにおけるクリーンエネルギー移行の拡大：金融発展、グリーンテクノロジー、経済複雑性の役割 (AI 翻訳)
Foday Joof, Mehdi Seraj
🤖 gxceed AI 要約
日本語
本論文は、トルコの1980年から2020年までのデータを用い、金融発展、経済複雑性、環境技術が再生可能エネルギー消費に与える影響を分析。Fourier Bootstrap ARDL手法により、金融発展と経済複雑性が再生可能エネルギー消費を減少させる「グリーン構造的ロックイン」を発見。一方、環境技術は再生可能エネルギー消費を増加させる。因果分析では金融発展と環境技術から再生可能エネルギー消費への一方向因果性を確認。
English
This paper examines the impact of financial development, economic complexity, and environmental technology on renewable energy consumption in Turkey (1980-2020) using Fourier Bootstrap ARDL. It finds a 'green structural lock-in' where financial development and economic complexity decrease renewable energy consumption by 1.12% and 0.70% respectively, while environmental technology increases it by 0.12%. Granger causality shows one-way causality from financial development and environmental technology to renewable energy consumption.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文はトルコのケースだが、金融発展と経済複雑性が再生可能エネルギーシフトに逆効果となる「グリーン構造的ロックイン」の存在を示す。日本でも、金融システムや経済構造が化石燃料に固定化されている場合、同様の現象が起こりうる。日本のエネルギー政策やSSBJ開示がこうしたロックインを解除する役割を考える示唆に富む。
In the global GX context
While focused on Turkey, this paper reveals a 'green structural lock-in' where financial development and economic complexity can paradoxically hinder renewable energy adoption. Globally, it challenges the 'positive finance' assumption in emerging economies and offers a cautionary note for policymakers designing transition finance mechanisms, including ISSB-aligned disclosure frameworks.
👥 読者別の含意
🔬研究者:Provides a novel empirical approach (FBARDL) and evidence of lock-in effects in energy transition, useful for scholars studying finance-renewable energy nexus.
🏢実務担当者:Highlights the risk that financial development alone may not support renewable energy; companies should monitor the alignment of financial incentives with sustainability goals.
🏛政策担当者:Warns against assuming financial development automatically promotes clean energy; policy interventions (e.g., green finance mandates, carbon pricing) may be needed to break the lock-in.
📄 Abstract（原文）
The transition to a low-carbon economy represents a significant challenge and opportunity for Turkey, whose energy mix is 90% fossil fuel. In this context, this research aims to analyse the role of financial development (FD), economic complexity (EC), and environmental technology (PET) on renewable energy consumption (REC) in Turkey over the period from 1980 to 2020. The Fourier Bootstrap ARDL (FBARDL) approach, a new technique that can capture up to five smooth structural breaks and address small sample biases, indicates that a significant ‘green structural lock-in’ exists, where a 1% rise in FD and EC causes a 1.12% and 0.70% decrease in REC, respectively. In other words, Turkey’s financial development and economic complexity are still locked into fossil fuel consumption. In contrast, PET positively influences REC, where a 1% rise in PETcauses a 0.12% rise in REC. The Granger causality test further confirms that FD and PET have a one-way causality to REC. The research contributes to the existing literature on the Turkish energy equilibrium, providing a much-needed antidote to the prevailing ‘positive finance’ assumptions in non-OECD economies.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.26493/1854-6935.24.203-225first seen 2026-07-22 04:50:51
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