The Asymmetric Effects of Exchange Rate Fluctuations: Theory and Evidence From Developing Countries

Abstract

In recent years, sustainable development has become a worldwide discourse, driven by international treaties global environmental organizations and bodies such as European Union, OECD. Sustainable development is a concept to be analyzed aspects of economic, social, environmental and institutional. With the advents of sustainable development, green economic development has become one of the most important economic issues. Countries which target economic, social and institutional development should not neglect environmental development. Development of green economy is the best way of slowing the negative ecological and environmental impact. Developing countries neglect the protection of the natural environment in the process of rapid industrialization. As a result of this situation, natural resources rapidly run out and environmental quality begins to deteriorate. These negative results return a significant cost to society. In this study, Turkey economy which has averagely 5.5% economic growth in the last 10 years will be analyzed in terms of green economy indicators. Turkey is a highly suitable ecological condition for crop production, animal husbandry, fisheries and forestry activities because of its geographical position. The basic components of ecological conditions are climate, highly variable the shape of the earth,