Charting sustainable future on energy security, financial development, natural resources and economic output for Turkey

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dc.authorid0000-0003-2839-4403en_US
dc.contributor.authorÇoban, Mustafa Necati
dc.contributor.authorAdalı, Zafer
dc.contributor.authorÖzkan, Oktay
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2024-11-29T06:28:30Z
dc.date.available2024-11-29T06:28:30Z
dc.date.issued2024
dc.departmentAÇÜ, Hopa İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractThe achievement of 16 out of the 123 sustainable development goals (SDGs) indicates the vast task ahead for Turkey. Addressing the aspects of ecological sustainability via the trend of the ratio of biocapacity to ecological footprint, this study seeks to examine whether energy security, financial development, natural resources and economic expansion drive Turkey's load capacity factor. By implementing quantile-on-quantile and its Granger causality dimension, the results largely affirm the statistically significant effect of energy security on the load capacity factor in all quantiles. Although this impact is weak, it is significantly positive, thus indicating that the country's energy security profile is advancing its ecological sustainability. Similarly, globalization positively impacts the load capacity factor by a strong dimension. Conversely, financial development and economic growth exert a significant but negative effect on the load capacity factor in most quantiles, which reflects the undesirability of these indicators on the country's environmental sustainability drive. Specifically, the negative effects of financial development and economic output on the load capacity factor are mainly in the middle to higher quantiles (0.4–0.95) and lowest quantiles (0.05–0.3), respectively. The results of this study can guide the development of intuitive and robust energy efficiency and energy security-related policies.
dc.identifier.doi10.1002/gj.5063
dc.identifier.issn0072-1050
dc.identifier.scopusqualityQ1
dc.identifier.urihttp://dx.doi.org/10.1002/gj.5063
dc.identifier.urihttps://hdl.handle.net/11494/5053
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoenen_US
dc.publisherJohn Wiley and Sons Ltden_US
dc.relation.ispartofGeological Journal
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEcological Sustainabilityen_US
dc.subjectEconomic Progressen_US
dc.subjectEnergy Securityen_US
dc.subjectFinancial Developmenten_US
dc.subjectLoad Capacity Factoren_US
dc.subjectNatural Resourcesen_US
dc.subjectTurkeyen_US
dc.titleCharting sustainable future on energy security, financial development, natural resources and economic output for Turkeyen_US
dc.typeArticle

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