Does structural change matter for sustainable development in newly industrialized countries? Fresh evidence from a new sustainability indicator
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Artan, SeyfettinErdogan, Sinan
Recepoğlu, Mürşit
Çakir, Sümeyra Çay
Hayaloğlu, Pınar
Çakir, Mehmet Ali
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Scopus EXPORT DATE: 04 November 2024 @ARTICLE{Artan2024, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-85207204504&doi=10.1016%2fj.envdev.2024.101094&partnerID=40&md5=f9dcfbeadbd61fc2512147e96e3b7d71}, affiliations = {Department of Economics, Faculty of Economics and Administrative Sciences, Karadeniz Technical University, Trabzon, 61080, Turkey; Department of Economics, Hatay Mustafa Kemal University, Hatay, 31060, Turkey; Clinic of Economics, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; Department of Accounting and Taxation, Vocational School of Social Sciences, Gümüşhane University, Gümüşhane, 29100, Turkey; Institute of Social Sciences, Marmara University, İstanbul, 34722, Turkey; Department of Economics, Faculty of Economics and Administrative Sciences, Gümüşhane University, Gümüşhane, 29100, Turkey}, correspondence_address = {S. Erdogan; Department of Economics, Hatay Mustafa Kemal University, Hatay, 31060, Turkey; email: phderdogan@gmail.com}, publisher = {Elsevier B.V.}, issn = {22114645}, language = {English}, abbrev_source_title = {Environ. Dev.} }Abstract
The economic gap between developed and developing economies has been diminishing due to the recent rapid economic growth performance of developing economies. While achieving this swift growth level, developing economies have structurally transformed their economies. However, the impact of this structural change on environmental sustainability remains unclear. Therefore, this study focuses on the impacts of structural change, energy structure, and economic growth on the load capacity factor, a comprehensive sustainability indicator, in newly industrialized countries during 2000–2020. To this end, second-generation panel data techniques, which account for cross-sectional dependence and heterogeneity, are used to provide more robust and reliable estimates. The results show that economic growth, structural change, and fossil energy utilization decrease the load capacity factor while renewable energy utilization increases it. These findings underscore the need for energy efficiency and resource-conscious policies that align with environmental sustainability while promoting economic growth, highlighting their crucial role in the future of sustainable development. © 2024 Elsevier B.V.
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https://www.scopus.com/record/display.uri?eid=2-s2.0-85207204504&origin=SingleRecordEmailAlert&dgcid=raven_sc_affil_en_us_email&txGid=aca8e16c834d0b5f63288bd77a775906https://hdl.handle.net/20.500.12440/6348