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A sustainable study of competitive industrial performance amidst environmental quality: New insight from novel Fourier perspective.
- Source :
-
Journal of Environmental Management . Aug2024, Vol. 366, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
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. [Display omitted] • This study analyzes the environmental impacts of renewable energy and competitive industrial performance. • Novel findings are obtained in terms of competitive industrial performance. • Renewable energy contributes to ecological sustainability. • The LCC hypothesis is valid for Turkiye. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03014797
- Volume :
- 366
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Management
- Publication Type :
- Academic Journal
- Accession number :
- 178732326
- Full Text :
- https://doi.org/10.1016/j.jenvman.2024.121843