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- W4307994171 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." @default.
- W4307994171 created "2022-11-07" @default.
- W4307994171 creator A5055387981 @default.
- W4307994171 creator A5063024789 @default.
- W4307994171 date "2022-11-02" @default.
- W4307994171 modified "2023-10-18" @default.
- W4307994171 title "The effect of solar energy production on financial development and economic growth: Evidence from 11 selected countries" @default.
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