On the asymmetric effects of financial deepening on renewable and non-renewable energy consumption: insights from China

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dc.authoridHafeez, Muhammad/0000-0001-7231-5413
dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorLei, Wang
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorMuhammad, Hafeez
dc.contributor.authorUllah, Sana
dc.date.accessioned2025-03-07T20:19:26Z
dc.date.available2025-03-07T20:19:26Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractOne of the strategic objectives of China is to increase renewable energy consumption by reducing non-renewable energy consumption. This motivates us to carefully investigate the asymmetric effects of financial deepening on renewable and non-renewable energy consumption for China, using annual data from 1990 to 2019. The results show that in China, a positive shock in bank deposits and broad money has a significant increasing effect on renewable energy consumption, while a negative shock in bank deposits and broad money has also a significant increasing effect on renewable energy consumption in the long-run. Moreover, positive change in bank deposits and broad money has an inverse impact on non-renewable energy consumption, while negative change has stimulating non-renewable energy consumption in long run. Thus, government and policymaker's policies aimed at promoting financial deepening in China must be persistent and sustainable to foster renewable energy consumption.
dc.identifier.doi10.1080/1331677X.2021.2007413
dc.identifier.endpage3978
dc.identifier.issn1331-677X
dc.identifier.issn1848-9664
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85120087302
dc.identifier.scopusqualityQ1
dc.identifier.startpage3961
dc.identifier.urihttps://doi.org/10.1080/1331677X.2021.2007413
dc.identifier.urihttps://hdl.handle.net/20.500.12507/3180
dc.identifier.volume35
dc.identifier.wosWOS:000723457800001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofEconomic Research-Ekonomska Istrazivanja
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20241226
dc.subjectBank deposits
dc.subjectbroad money
dc.subjectrenewable energy consumption
dc.subjectnon-renewable energy consumption
dc.subjectChina
dc.subjectNARDL
dc.titleOn the asymmetric effects of financial deepening on renewable and non-renewable energy consumption: insights from China
dc.typeArticle

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