Özet:

Financial development is the development and diversification of financial instruments translated in a country in parallel with the developments in the world. The developing financial markets, in other words, have a positive impact on economic growth by providing the full and effective use of the financial system with the increase in alternative investment tools that individuals can assess their savings. The increase in financial development increases energy consumption, and the increase in energy consumption also increases economic growth. Although all effects vary according to the level of development of countries, literature is that there is a strong interaction between financial development, energy consumption and economic growth. The literature is studied in the form of the energy consumption - economic growth, financial development - economic growth or energy consumption-financial development relationship of the work done for the Turkish economy. Financial development affects energy demand as a result and source of technological progress, which is considered a production factor in information communication technologies and internal growth models, while increasing energy demand affects economic growth. This study examines the impact of financial development on economic growth in the context of energy demand, which is an important component of economic growth. In the 1950-2015 study, the long-term relationship between the variables was studied with the Johenson equalization model, and the Causability with the VAR model and the Granger Causability model. The study found that there was a combination between financial development, energy consumption and economic growth variables. It is also applied Cause results from financial development to energy consumption one-way, energy consumption to economic growth and economic growth to energy consumption two-way causes have been identified.