Charting Sustainable Future on Energy Security, Financial Development, Natural Resources and Economic Output for Turkey       
Yazarlar (4)
Doç. Dr. Mustafa Necati ÇOBAN Tokat Gaziosmanpaşa Üniversitesi, Türkiye
Zafer Adalı
Artvin Coruh University, Türkiye
Doç. Dr. Oktay ÖZKAN Tokat Gaziosmanpaşa Üniversitesi, Türkiye
Andrew Adewale Alola
Høgskolen İ Innlandet, Türkiye
Makale Türü Açık Erişim Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale
Dergi Adı Geological Journal
Dergi ISSN 0072-1050 Wos Dergi Scopus Dergi
Dergi Tarandığı Indeksler SCI-Expanded
Dergi Grubu Q2
Makale Dili İngilizce
Basım Tarihi 10-2024
Cilt No 59
Sayı 12
Sayfalar 3296 / 3309
DOI Numarası 10.1002/gj.5063
Makale Linki https://onlinelibrary.wiley.com/doi/10.1002/gj.5063?af=R
Özet
The 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.
Anahtar Kelimeler
ecological sustainability | economic progress | energy security | financial development | load capacity factor | natural resources | Turkey