Drivers of Sustainable Economic Growth in Turkey: The Role of Renewable Energy, Innovation, Technical Assistance, and Fisheries Production
نویسندگان
1 Department of Finance, College of Business, Imam Mohammad Ibn Saud Islamic University (IMSIU), Riyadh, Saudi Arabia.
2 Department of Finance, College of Business, Imam Mohammad Ibn Saud Islamic University (IMSIU), Riyadh, Saudi Arabia.
doi
10.30501/jree.2025.499382.2231چکیده
This study aims to investigate the relationship between sustainable economic growth (SEG) and key drivers, including renewable energy consumption (REN), innovation (INN), technical assistance grants (TEC), and total fisheries production (TFP), in Turkey over the period 1960–2023. The research seeks to understand the shortand long-term dynamics of these variables and their implications for sustainable development. The study employs an Autoregressive Distributed Lag (ARDL) model to analyze the relationships between the variables, complemented by an Error Correction Model (ECM) to capture short-term dynamics. The dataset comprises time series data for Turkey, and the econometric models are used to estimate the significance and magnitude of the variables’ effects on SEG. The results reveal a significant positive relationship between renewable energy consumption and SEG, with the effect intensifying over time. Technical assistance grants also positively influence SEG in the short run. However, innovation and fisheries production exhibit negative effects on SEG, suggesting potential inefficiencies or resource management challenges. The ECM coefficient indicates weak short-term adjustments, reflecting structural rigidities in Turkey’s economy. This research examines how economic, environmental, and innovation-related factors influence Turkey’s sustainable growth. The findings provide valuable insights into the drivers of SEG in an emerging economy context, emphasizing the importance of renewable energy and technical assistance while addressing the challenges posed by innovation and resource management. The study contributes to the literature by offering policy-relevant recommendations for promoting sustainable development.