Energy sources have always been an essential part of world economies. Availability of energy resources has a vital role for a country’s economic growth and financial development. Contrary to fossil fuels, many countries have the potential to power their economies by renewable energy sources. This study aims to investigate the effects of different energy resources on the financial development of countries. In particular, the paper analyzes the impact of renewable, non-renewable, and nuclear energy resources on the financial development of 28 countries with nuclear energy reactors for 2001-2019. Empirical results show that natural gas and renewable energy resources have a positive and significant impact on financial development of a country. Keywords: Financial Development, Renewable Energy, Nuclear Energy, Fixed Effect, Discroll-Kraay
Reference: ZARIFY, A. & ŞİŞMAN, Y. M. (2021) ” The Impact Of Energy Diversity On Financial Development”, Ed. Ferhat Çıtak. Current Studies in International Trade InTraders 2021 , ps. 13-36. İstanbul
For full Text: Current Studies in International Trade InTraders 2021
