KARADENİZ EKONOMİK İŞ BİRLİĞİ ÖRGÜTÜ (KEİ) ÜYE ÜLKELERİNDE EKONOMİK BÜYÜME, KÜRESELLEŞME VE YENİLENEBİLİR ENERJİ KULLANIMININ EKOLOJİK AYAK İZİ ÜZERİNE ETKİLERİ
EFFECTS OF ECONOMIC GROWTH, GLOBALIZATION AND RENEWABLE ENERGY USE ON ECOLOGICAL FOOTPRINT IN THE MEMBER COUNTRIES OF THE ORGANIZATION OF THE BLACK SEA ECONOMIC COOPERATION (BSEC)

Summary/Abstract: Ecological footprint, which is considered by scientists as an important measure of environmental degradation, has increasingly penetrated academic discourse in recent years. The increasing importance of sustainable development requires a comprehensive understanding of the interactions between economic activities, global integration and their environmental impacts, which are necessary to ensure the long-term ecological sustainability of nations and regions. To achieve this goal, the impact of economic growth, globalization and renewable energy use on the ecological footprint was examined in the Black Sea Economic Cooperation (BSEC) member countries between 2000 and 2020. This analysis used panel data estimation techniques including Driscoll-Kraay Standard Errors. The findings show that economic growth is associated with environmental degradation through an expansion of the ecological footprint. Conversely, the use of renewable energy serves to reduce the ecological footprint and mitigate the effects of environmental degradation. The findings show that a 1% increase in the economic growth of the BSEC member countries is associated with a 0.391% increase in the ecological footprint. Conversely, a 1% increase in renewable energy use in these countries corresponds to a 0.011% decrease in the ecological footprint. Additional findings show that there is no significant correlation between globalization and the ecological footprint among the BSEC member countries.

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