Article 2024 · 38 citations

A sustainable study of competitive industrial performance amidst environmental quality: New insight from novel Fourier perspective

Caglar, Abdullah Emre, Avci, Salih Bortecine, Gokce, Nazli, Destek, Mehmet Akif

Abstract

This paper uses the novel Fourier Augmented Autoregressive Distributed Lag within the load capacity curve framework to investigate the effects of economic growth, trade openness, renewable energy consumption, and competitive industrial performance on environmental sustainability. The results of the empirical analysis provide evidence that the load capacity curve is valid in Turkiye. Moreover, while trade openness jeopardizes environmental sustainability, renewable energy consumption and industrial competitiveness increase environmental quality. Policymakers should focus intensively on policies that can achieve SDG 9 and industrialization activities. It is essential to give privileges, especially to companies operating in the industrial sector, regarding the transition to renewable energy. Energy efficiency policies that will accelerate the transition to clean energy sources are also an alternative to escape from fossil energy immediately. Environmental factors should be considered when importing intermediate goods used in industry, and these policies should be guaranteed by law as soon as possible.

Keywords

Competitive industrial performance Sustainable environment Renewable energy Load capacity factor Fourier AARDL KUZNETS CURVE CO2 EMISSIONS FINANCIAL DEVELOPMENT ECOLOGICAL FOOTPRINT ENERGY-CONSUMPTION TRADE OPENNESS HYPOTHESIS CHINA

WoS Categories

Environmental Sciences

Sustainable Development Goals

Responsible Consumption and Production Affordable and Clean Energy Decent Work and Economic Growth Climate Action Industry, Innovation and Infrastructure

Citation

Journal: JOURNAL OF ENVIRONMENTAL MANAGEMENT
Year: 2024
Volume: 366
ISSN: 0301-4797
eISSN: 1095-8630
DOI: 10.1016/j.jenvman.2024.121843
WoS UID: WOS:001271069500001

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