Can money be compared to energy? Empirical analysis of making money with the E = mc2 logic

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International Journal of Social Sciences and Education Research
Volume:8 Issue:1
Can money be compared to energy? Empirical analysis of making money with the E = mc2 logic

Can money be compared to energy? Empirical analysis of making money with the E = mc2 logic

Authors : Rıdvan KARACAN, İsmail BARIŞ

Pages : 51-62

Doi:10.24289/ijsser.1032393

View : 16 | Download : 11

Publication Date : 2022-01-31

Article Type : Research Paper

Abstract :In this study, the E = mc 2 principle that energy can be derived from mass and energy as itself was adapted for money. In the study, it was meant to provide a natural dimension to not using money other than the intent of exchange and the necessity of earning money by producing. To this end, the effect of foreign direct investments that are representing production and portfolio investments` effects on economic growth as representing monetary activities. The findings showed that both in the long and short term, there is a positive and significant relationship between FDI and economic growth. No such relationship has been found for portfolio investments. This result coincides with the E = mc 2 relationship.
Keywords : Money, Energy, E mc2, Economic Growth, ARDL Bounadry Test

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