The Effect of Sustainable Development on Economic Complexity in OECD Countries

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dc.authoridYaprakli, Sevda/0000-0002-1902-899X
dc.authoridOZDEN, ERDEMALP/0000-0001-5019-1675
dc.contributor.authorYaprakli, Sevda
dc.contributor.authorOzden, Erdemalp
dc.date.accessioned2024-10-04T18:53:53Z
dc.date.available2024-10-04T18:53:53Z
dc.date.issued2021
dc.departmentBayburt Üniversitesien_US
dc.description.abstractEconomic complexity showing a holistic measure of countries' economic productive power and characteristics has become a new tool for understanding the dynamics of the economy. Examining the relationship between sustainable development and this new tool is vital in determining new policies. By applying panel data of OECD countries covering different development levels from 1996 to 2017 to a data-driven dynamic econometric model, the research provides fresh insight between sustainable development and economic complexity. The results indicate that economic complexity is significantly affected by sustainable developments' economic indicators such as GDP, FDI, R&D expenditure, social indicators such as human development, income inequality, and environmental indicators such as productionbased CO2 emissions, renewable energy consumption, and greenhouse gas. The research, consequently, suggests that switching to technology and knowledge-based production processes, expanding qualified production factor capacity, raising social living standards, and making investments in the green economy will foster economic complexity while ensuring stable sustainability.en_US
dc.identifier.doi10.17583/rimcis.7949
dc.identifier.endpage80en_US
dc.identifier.issn2014-3680
dc.identifier.issue2en_US
dc.identifier.startpage51en_US
dc.identifier.urihttps://doi.org/10.17583/rimcis.7949
dc.identifier.urihttp://hdl.handle.net/20.500.12403/3771
dc.identifier.volume10en_US
dc.identifier.wosWOS:000680823500003en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherHipatia Pressen_US
dc.relation.ispartofInternational and Multidisciplinary Journal of Social Sciences-Rimcisen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjecteconomic complexityen_US
dc.subjectsustainable developmenten_US
dc.subjectsystem GMMen_US
dc.subjectOECD countriesen_US
dc.titleThe Effect of Sustainable Development on Economic Complexity in OECD Countriesen_US
dc.typeArticleen_US

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