The Relationship between Sustainable Development Index and Financial Development and Globalization in Developed and Developing Countries

Year 2024, Volume: 8 Issue: 1, 145 - 158, 31.01.2024

Seren Aydıngülü Sakalsız , Meltem Kılıç

https://doi.org/10.29023/alanyaakademik.1287919

Abstract

Bu çalışma son yıllarda yaşanan çevresel felaketler ve iklim olayları ile birlikte ülkelerin büyümesinde sürdürülebilir kalkınma hedeflerinin önemine dikkat çekmektedir. Hickel (2020) insani gelişmişlik göstergesine ek olarak yaşam süresi, eğitim ve gelir ile birlikte CO2 emisyonu ve karbon ayak izi verilerini içeren ülkelerin sürdürülebilir gelişmişliğini içine alan Sürdürülebilir Gelişmişlik Endeksi’ni (SDI) oluşturmuştur. Bu çalışma, 1990-2019 yılları arasında gelişmiş ve gelişmekte olan ülkelerin SDI ile Küreselleşme Endeksi ve finansal gelişmişlik arasındaki ilişkiyi incelemeyi amaçlamaktadır. Ortalama Grup (MG) testi sonucunda gelişmiş ve gelişmekte olan ülkelerde hata düzeltme parametresinin negatif ve istatistiksel olarak anlamlı olduğuna ulaşılmaktadır. Gelişmiş ve gelişmekte olan ülkelerde küreselleşme artıkça uzun dönemde SDI da artmaktadır. Finansal gelişmişlik gelişmiş ve gelişmekte olan ülkeler için uzun dönemde SDI’yı negatif etkilemektedir. Bütün ülkelerin küreselleşme sürecine dahil olması ile karbon emisyonlarının azaltılmasına ve sürdürülebilir kalkınma hedefine ulaşılmasına katkıda bulunulacağı öngörülmektedir.

Keywords

Sürdürülebilir Gelişmişlik Endeksi, Finansal Gelişmişlik, Panel Veri Analizi ve Küreselleşme

The Relationship between Sustainable Development Index and Financial Development and Globalization in Developed and Developing Countries

Abstract

This study draws attention to the importance of sustainable development goals in the growth of countries along with environmental disasters and climate events in recent years. In addition to the human development indicator, Hickel (2020) created the Sustainable Development Index (SDI), which includes the sustainable development of countries, including life expectancy, education and income, as well as CO2 emissions and carbon footprint data. This study aims to examine the relationship between SDI, Globalization Index and financial development of developed and developing countries in the 1990-2019. As a result of the Mean Group (MG) test, it is found that the error correction parameter is negative and statistically significant in developed and developing countries. As globalization increases in developed and developing countries, SDI also increases in the long run. Financial development affects SDI negatively in the long run for developed and developing countries. It is predicted that with the inclusion of all countries in the globalization process, it will contribute to the reduction of carbon emissions and the achievement of the goal of sustainable development.

Keywords

Sustainable Development Index, Financial Development, Panel Data Analysis and Globalization

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