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

ÇAĞLAR A. E., AVCİ S. B., GÖKÇE N., Destek M. A.

Journal of Environmental Management, cilt.366, 2024 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 366
  • Basım Tarihi: 2024
  • Doi Numarası: 10.1016/j.jenvman.2024.121843
  • Dergi Adı: Journal of Environmental Management
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, International Bibliography of Social Sciences, PASCAL, Aerospace Database, Agricultural & Environmental Science Database, Aqualine, Aquatic Science & Fisheries Abstracts (ASFA), BIOSIS, CAB Abstracts, Communication Abstracts, Environment Index, Geobase, Greenfile, Index Islamicus, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Anahtar Kelimeler: Competitive industrial performance, Fourier AARDL, Load capacity factor, Renewable energy, Sustainable environment
  • Atatürk Üniversitesi Adresli: Evet

Özet

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.