Analysing of the territorial competitiveness index in Izmir through dynamic model

Sezer, Muruvvet Deniz, Kazancoglu, Yigit and Mangla, Sachin Kumar (2024) Analysing of the territorial competitiveness index in Izmir through dynamic model. Resources Policy, 88. ISSN 1873-7641 | 0301-4207

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Transition towards more sustainable and resilient economies is crucial to provide sustainable economic development by considering environmental protection and social well-being. There is an increasing focus on the concept of territorial competitiveness that encompasses the aspects of environmental, social, and economic sustainability. Thus, this study aims to analyse the factors affecting the territorial competitiveness index in the Izmir town. To facilitate a comprehensive analysis of the factors that impact territorial competitiveness, a systematic approach is employed through the use of a system dynamic model. This model enables the exploration of the complex and dynamic relationships between key parameters, providing insights into their interdependencies and how they cooperatively influence the territorial competitiveness index. The results show that Gross Domestic Product growth rate, renewable energy production and technology innovation index is increased rapidly. This increase caused by development of social well-being in the region. However, sustainable land use and waste is decreased and therefore CO2 is increased in the 2010 and 2027. Besides, territorial competitiveness index is expected to increase till 2027 since subsidies in energy and material (re)use, efficient use of resources (circular economy), achievement of economic development and technological investments. Governments and businesses should adopt sustainable strategies for improving territorial competitiveness index and balancing economic growth with environmental protection and social welfare in the regional context

Item Type: Article
Keywords: Sustainability | Territorial competitiveness index | System dynamic model | Sustainable use of resources
Subjects: Social Sciences and humanities > Economics, Econometrics and Finance > Econometrics
Social Sciences and humanities > Economics, Econometrics and Finance > Economics
Physical, Life and Health Sciences > Environmental Science, Policy and Law
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 08 Dec 2023 12:33
Last Modified: 08 Dec 2023 12:33
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