Research Article


DOI :10.26650/ISTJECON2023-1297708   IUP :10.26650/ISTJECON2023-1297708    Full Text (PDF)

Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries

Kenan İlarslanTuğrul Bayat

Carbon emission is one of the most significant causes of environmental degradation, global warming, and extraordinary meteorological events. It has reached a level that threatens the future of countries and human beings. To combat carbon emission, it is necessary to know the causes for developing policies. Environmental quality is a fundamental aspect of sustainable development in economies worldwide. In this context, Eurasian geography has always been an important region in the history of the world with its location, underground, and surface resources. Today, the region makes its strategic importance even more evident. The communist USSR ruled Eurasian countries, which served as a buffer between the Western world and China for many years. These countries, which gained their independence in the 1990s, have not yet fully captured the values of the modern world, such as democracy and a free market economy. This study focuses on Eurasian countries. This study aimed to determine the factors affecting carbon emissions. Foreign direct investment and transportation contribute significantly to carbon emission, which reduces environmental quality. Therefore, in this study, we investigated whether rail and road passenger transport and foreign direct investment affect carbon emission in Eurasian countries. The concurrent panel quantile regression method was used to estimate this relationship between 1992 and 2020. The results revealed that rail and road passenger transport and foreign direct investment increase emissions. Additionally, no clear result could be obtained regarding the effect of the GDP per capita variable. To support these findings, analyses were performed using the robust quantile regression method, and strong empirical evidence was obtained, particularly for the impacts of foreign direct investment and rail passenger transport on emissions. 

JEL Classification : Q50 , L91 , F21 , C21

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References

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APA

İlarslan, K., & Bayat, T. (2024). Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries. Istanbul Journal of Economics, 74(1), 121-157. https://doi.org/10.26650/ISTJECON2023-1297708


AMA

İlarslan K, Bayat T. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries. Istanbul Journal of Economics. 2024;74(1):121-157. https://doi.org/10.26650/ISTJECON2023-1297708


ABNT

İlarslan, K.; Bayat, T. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries. Istanbul Journal of Economics, [Publisher Location], v. 74, n. 1, p. 121-157, 2024.


Chicago: Author-Date Style

İlarslan, Kenan, and Tuğrul Bayat. 2024. “Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries.” Istanbul Journal of Economics 74, no. 1: 121-157. https://doi.org/10.26650/ISTJECON2023-1297708


Chicago: Humanities Style

İlarslan, Kenan, and Tuğrul Bayat. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries.” Istanbul Journal of Economics 74, no. 1 (Dec. 2024): 121-157. https://doi.org/10.26650/ISTJECON2023-1297708


Harvard: Australian Style

İlarslan, K & Bayat, T 2024, 'Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries', Istanbul Journal of Economics, vol. 74, no. 1, pp. 121-157, viewed 10 Dec. 2024, https://doi.org/10.26650/ISTJECON2023-1297708


Harvard: Author-Date Style

İlarslan, K. and Bayat, T. (2024) ‘Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries’, Istanbul Journal of Economics, 74(1), pp. 121-157. https://doi.org/10.26650/ISTJECON2023-1297708 (10 Dec. 2024).


MLA

İlarslan, Kenan, and Tuğrul Bayat. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries.” Istanbul Journal of Economics, vol. 74, no. 1, 2024, pp. 121-157. [Database Container], https://doi.org/10.26650/ISTJECON2023-1297708


Vancouver

İlarslan K, Bayat T. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries. Istanbul Journal of Economics [Internet]. 10 Dec. 2024 [cited 10 Dec. 2024];74(1):121-157. Available from: https://doi.org/10.26650/ISTJECON2023-1297708 doi: 10.26650/ISTJECON2023-1297708


ISNAD

İlarslan, Kenan - Bayat, Tuğrul. Contribution of Finance and Transport Indicators on Carbon Emissions: Evidence from Eurasian Countries”. Istanbul Journal of Economics 74/1 (Dec. 2024): 121-157. https://doi.org/10.26650/ISTJECON2023-1297708



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Submitted16.05.2023
Accepted10.05.2024
Published Online19.07.2024

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