Assessing the connection between competitive industrial performance on load capacity factor within the LCC framework: Implications for sustainable policy in BRICS economies
Özet
Industrialization plays a crucial role in socio-economic development as it holds significant potential for creating new jobs, tightening the income gap, and promoting the use of advanced technology. As global competition intensifies, emerging economies emulate industrialized economies in accelerating manufacturing activity to improve national welfare and join the new global order. However, policymakers' understanding of how competitiveness in the industrial sector helps developing countries accomplish their sustainable development goals must be deepened. This paper aims to analyze the connections among competitive industrial performance, renewable energy consumption, urbanization, and load capacity factor (LCF) in the BRICS economies for the period between 1990 and 2018. Robust evidence from the continuously updated fully modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) models shows that greater industrial competitiveness enhances environmental quality. The findings also reveal that income growth ultimately evolves as an ecologically friendly factor, confirming the validity of the load capacity curve (LCC) hypothesis. Another outcome of the econometric analysis indicates that renewable energy consumption contributes to the LCF, whereas urbanization damages the environment. Therefore, BRICS policymakers should concentrate on maintaining their competitiveness, implementing resilient urban planning, and promoting the usage of renewable energy to safeguard the environment while simultaneously achieving rapid economic growth.
Anahtar kelimeler
Sürdürülebilir Kalkınma Amaçları
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SKA 1: Yoksulluğa Son
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SKA 7: Erişilebilir ve Temiz Enerji
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SKA 8: İnsana Yakışır İş ve Ekonomik Büyüme
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SKA 9: Sanayi, Yenilikçilik ve Altyapı
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SKA 11: Sürdürülebilir Şehir ve Yaşam Alanları
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SKA 12: Sorumlu Üretim ve Tüketim
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SKA 17: Amaçlar için Ortaklıklar
Atıf için künye
Çağlar, A. E., Dastan, M., Mehmood, U., & Avci, S. B. (2024). Assessing the connection between competitive industrial performance on load capacity factor within the LCC framework: Implications for sustainable policy in BRICS economies. Environmental Science and Pollution Research, 31(60), 67197–67214. https://doi.org/10.1007/s11356-023-29178-1
BibTeX
@article{caglar2024-108769,
author = {Çağlar, Abdullah Emre and Dastan, Muhammet and Mehmood, Usman and Avci, Salih Börteçine},
title = {Assessing the connection between competitive industrial performance on load capacity factor within the LCC framework: Implications for sustainable policy in BRICS economies},
journal = {Environmental Science and Pollution Research},
year = {2024},
volume = {31},
number = {60},
pages = {67197--67214},
issn = {0944-1344},
doi = {10.1007/s11356-023-29178-1},
url = {https://akademik.atauni.edu.tr/yayinlar/108769-assessing-the-connection-between-competitive-industrial-performance-on-load}
}