Future Pathways for Sustainable Development in Türkiye: Exploring the Effects of Globalization, Banking Sector Development and Investments on Load Capacity Factor
Economies, cilt.14, sa.7, 2026 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 14 Sayı: 7
- Basım Tarihi: 2026
- Doi Numarası: 10.3390/economies14070260
- Dergi Adı: Economies
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus, ABI/INFORM, EconLit, Directory of Open Access Journals, Business Source Ultimate (EBSCO)
- Anahtar Kelimeler: bank credits, environmental sustainability, financial globalization, fixed capital formation, symmetry and asymmetry relation
- Isparta Uygulamalı Bilimler Üniversitesi Adresli: Evet
Özet
Sustainable development helps countries grow by giving importance to environmental, social, and governance factors. Therefore, sustainable development is essential for improving the well-being of societies and protecting our natural resources for the long term. This study focuses on the improvement of policy recommendations for achieving sustainable development. To this end, this research examines the impact of globalization, financial development, and capital formation on sustainable development in Türkiye for the period 1972–2022. The study employs the unit root, cointegration, and causality tests. The findings reveal that globalization, banking sector development, and fixed capital formation are cointegrated with environmental sustainability, namely the load capacity factor. In the short term, load capacity factor and globalization are the cause of each other. Also, an asymmetric relationship is determined between globalization and fixed capital formation and load capacity factor. However, the impact of globalization and fixed capital formation on environmental sustainability is distorting. The outcomes of this study implied that the policymaker should make appropriate policies regarding the improved about Türkiye’s environmental quality and sustainable development.