The Contribution of Nuclear Energy Investment on Sustainable Financial and Economic Development

Authors

  • Hasan Dinçer İstanbul Medipol University
  • Serhat Yüksel İstanbul Medipol University
  • Çağatay Çağlayan
  • Gülsüm Sena Uluer

Keywords:

Nuclear Energy Investments, Financial Development, Economic Growth, VAR

Abstract

In this study, the effects of nuclear energy investments on the sustainable financial and economic development of countries are examined. In order to achieve this goal, 15 countries with the highest nuclear energy use are included in the study. In addition, annual data for these countries between 1990 and 2015 is considered. In order to determine the direction and strength of the relationship between these variables, a model has been created using the VAR method. As a result, no significant relationship has been identified between nuclear energy use and economic growth. On the other hand, it has been determined that the use of nuclear energy contributes to the financial development of countries. Taking these results into account, it is important that countries support nuclear energy investments. In this framework, supports such as tax cuts and low-interest loans may attract the attention of nuclear energy investors. On the other side, it would be appropriate for countries that do not yet have nuclear power plants to prioritize these investments. This will also support the sustainable development of countries.

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2020-12-26

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Dinçer, H., Yüksel, S., Çağlayan, Çağatay, & Uluer, G. S. (2020). The Contribution of Nuclear Energy Investment on Sustainable Financial and Economic Development. Journal of Financial Economics and Banking, 1(1), 39-51. Retrieved from http://jofeb.org/index.php/jofeb/article/view/9

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