Araştırma Makalesi

Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)

Cilt: 12 Sayı: 3 8 Şubat 2026
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Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)

Öz

Aim: The study aims to investigate the balance between economic growth and environmental sustainability by examining how energy imports, CO₂ emissions, and fossil fuel consumption are influenced by various macroeconomic factors in G7 countries from 1974 to 2023. Method: The research employs panel data analysis covering the years 1974–2023 for G7 countries. The dependent variables are energy imports, carbon dioxide (CO₂) emissions, and fossil fuel consumption, while the independent variables include inflation, natural gas and oil rents, population growth, patent applications, foreign direct investment, market capitalization, exports, number of listed companies, and military expenditures. Results: The findings reveal a complex and multifaceted relationship between economic growth and environmental sustainability. Economic activity and energy consumption interact in ways that require careful policy attention, especially regarding carbon emissions and fossil fuel dependence. Conclusion: The study concludes that environmental policies should not be perceived as barriers to economic growth. On the contrary, when aligned with sustainable development goals, such policies can support long-term welfare. Promoting low-carbon energy sources and reducing fossil fuel dependency are highlighted as key strategies for achieving both economic and environmental objectives.

Anahtar Kelimeler

Kaynakça

  1. ACEMOGLU, D., AGHION, P., BURSZTYN, L., & HEMOUS, D. (2012). The environment and directed technical change. American Economic Review, 102(1), 131-166.
  2. ADABOR, O. (2023). The effect of financial development on natural gas resource rent in Ghana. Resources Policy, 83, 103620.
  3. AHMED, Z., ZAFAR, M. W., & MANSOOR, S. (2020). Analyzing the linkage between military spending, economic growth, and ecological footprint in Pakistan: evidence from cointegration and bootstrap causality. Environmental Science and Pollution Research, 27, 41551-41567.
  4. AJAYI, T. A. (2024). Natural gas rents and institutions as co-growth drivers: evidence from gas exporting countries forum with a panel 2SLS approach. International Journal of Energy Sector Management, 18(3), 474-499.
  5. AKINOLA, A. T., AKINOLA, A. A., & KUYE, O. T. (2024). Insightful information on fossil fuel subsidy removal, exchange rate, inflation, and economic welfare: Evidence from Nigeria. Arabian Journal of Business and Management Review (Kuwait Chapter), 13(2), 13-17.
  6. AKYOL, M., & METE, E. (2021). Çevresel teknolojik inovasyonların CO2 emisyonu üzerindeki etkisi: OECD ülkeleri örneği. İstanbul İktisat Dergisi, 71(2), 569-590.
  7. ALSHAFEEY, M., & SALEH SALEH, M. A. (2024). Assessing inflation and greenhouse gas emissions interplay via neural network analysis: a comparative study of energy use in the USA, EU, and China. Environmental Sciences Europe, 36(1), 73.
  8. AMRI, F. (2016). The relationship amongst energy consumption, foreign direct investment and output in developed and developing countries. Renewable and Sustainable Energy Reviews, 64, 694-702.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Sürdürülebilir Kalkınma

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

7 Aralık 2025

Yayımlanma Tarihi

8 Şubat 2026

Gönderilme Tarihi

11 Nisan 2025

Kabul Tarihi

3 Aralık 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 12 Sayı: 3

Kaynak Göster

APA
Erdoğan, B., & Koç, S. (2026). Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023). Istanbul Gelisim University Journal of Social Sciences, 12(3), 1302-1320. https://doi.org/10.17336/igusbd.1673854
AMA
1.Erdoğan B, Koç S. Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023). İGÜSBD. 2026;12(3):1302-1320. doi:10.17336/igusbd.1673854
Chicago
Erdoğan, Burhan, ve Selahattin Koç. 2026. “Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)”. Istanbul Gelisim University Journal of Social Sciences 12 (3): 1302-20. https://doi.org/10.17336/igusbd.1673854.
EndNote
Erdoğan B, Koç S (01 Şubat 2026) Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023). Istanbul Gelisim University Journal of Social Sciences 12 3 1302–1320.
IEEE
[1]B. Erdoğan ve S. Koç, “Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)”, İGÜSBD, c. 12, sy 3, ss. 1302–1320, Şub. 2026, doi: 10.17336/igusbd.1673854.
ISNAD
Erdoğan, Burhan - Koç, Selahattin. “Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)”. Istanbul Gelisim University Journal of Social Sciences 12/3 (01 Şubat 2026): 1302-1320. https://doi.org/10.17336/igusbd.1673854.
JAMA
1.Erdoğan B, Koç S. Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023). İGÜSBD. 2026;12:1302–1320.
MLA
Erdoğan, Burhan, ve Selahattin Koç. “Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023)”. Istanbul Gelisim University Journal of Social Sciences, c. 12, sy 3, Şubat 2026, ss. 1302-20, doi:10.17336/igusbd.1673854.
Vancouver
1.Burhan Erdoğan, Selahattin Koç. Economic Growth or Environmental Sustainability: Can We Have Both?: An Application in G7 Countries (1974-2023). İGÜSBD. 01 Şubat 2026;12(3):1302-20. doi:10.17336/igusbd.1673854

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