Charting Sustainable Future on Energy Security, Financial Development, Natural Resources and Economic Output for Turkey

IF 1.4 4区 地球科学 Q3 GEOSCIENCES, MULTIDISCIPLINARY
Geological Journal Pub Date : 2024-10-13 DOI:10.1002/gj.5063
Mustafa Necati Coban, Zafer Adali, Oktay Ozkan, Andrew Adewale Alola
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引用次数: 0

Abstract

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.

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来源期刊
Geological Journal
Geological Journal 地学-地球科学综合
CiteScore
4.20
自引率
11.10%
发文量
269
审稿时长
3 months
期刊介绍: In recent years there has been a growth of specialist journals within geological sciences. Nevertheless, there is an important role for a journal of an interdisciplinary kind. Traditionally, GEOLOGICAL JOURNAL has been such a journal and continues in its aim of promoting interest in all branches of the Geological Sciences, through publication of original research papers and review articles. The journal publishes Special Issues with a common theme or regional coverage e.g. Chinese Dinosaurs; Tectonics of the Eastern Mediterranean, Triassic basins of the Central and North Atlantic Borderlands). These are extensively cited. The Journal has a particular interest in publishing papers on regional case studies from any global locality which have conclusions of general interest. Such papers may emphasize aspects across the full spectrum of geological sciences.
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