Relation of Financial Clarity and Environmental Quality in Turkish Economy: Empirical Application

Along with the globalization process, world countries have gained momentum in their own economies by attaching great importance to commercial and financial liberalization applications. As a result, the existence of environmenteconomy relation has been mentioned in recent years. In this context, the existence of dynamic relationships between financial openness, commercial openness, per capita income and carbon dioxide absorption (CO2) variables using annual data for the period 1970-2015 for Turkey investigated with the aid of VAR model. As a result of the analysis, it was revealed that 0,46% of the change in CO2 absorption explained by financial openness, 1,04% by per capita income and 0,42% by trade openness