Template-Type: ReDIF-Article 1.0
Author-Name: Supartoyo, Yesi Hendriani
Author-Name-First: Yesi Hendriani
Author-Name-Last: Supartoyo
Author-Email: yesi.brin@gmail.com
Author-Workplace-Name: National Research and Innovation Agency (BRIN), Jakarta, Indonesia,
Author-Name: Wahyudi, Setyo Tri
Author-Name-First: Setyo Tri
Author-Name-Last: Wahyudi
Author-Email: setyo.tw@ub.ac.id
Author-Workplace-Name: Universitas Brawijaya, Malang, Indonesia,
Author-Name: Firmansyah, Firmansyah
Author-Name-First: Firmansyah
Author-Name-Last: Firmansyah
Author-Email: firmansyah@lecturer.undip.ac.id
Author-Workplace-Name: Universitas Diponegoro, Semarang, Indonesia,
Author-Name: Damayanti, Rosita Mei
Author-Name-First: Rosita Mei
Author-Name-Last: Damayanti
Author-Email: rosita.damayanti@staff.uns.ac.id
Author-Workplace-Name: Universitas Sebelas Maret, Surakarta, Indonesia,
Author-Name: Rosdaliva, Mehilda
Author-Name-First: Mehilda
Author-Name-Last: Rosdaliva
Author-Email: rosdalivamehilda@staff.uns.ac.id
Author-Workplace-Name: Universitas Sebelas Maret, Surakarta, Indonesia,
Author-Name: Martini, Endang
Author-Name-First: Endang
Author-Name-Last: Martini
Author-Email: end_martini@staff.uns.ac.id
Author-Workplace-Name: Universitas Sebelas Maret, Surakarta, Indonesia,
Author-Name: Hatmanto, Tria
Author-Name-First: Tria
Author-Name-Last: Hatmanto
Author-Email: hata@kemenkopangan.go.id
Author-Workplace-Name: Coordinating Ministry for Food Affairs, Jakarta, Indonesia.
Title: Balancing Growth and Sustainability: The Role of Manufacturing and Renewable Energy in CIVETS Countries
Abstract: This study investigates the relationship between renewable energy consumption, manufacturing value added, CO? emissions, and economic growth in CIVETS countries - Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa - from 2005 to 2020. Using panel data techniques (common, fixed, and random effects models), the results reveal that manufacturing significantly and positively affects GDP growth, confirming its role as the primary driver of economic performance in emerging economies. Conversely, CO? emissions exert a negative but marginal influence on GDP growth, indicating that higher emissions may hinder sustainable economic expansion. Renewable energy consumption, although showing a limited short-term impact, demonstrates potential to contribute to long-term inclusive growth once effectively integrated into industrial structures. These findings emphasize the need for policies promoting green industrial transformation, investment in clean technologies, and enhanced renewable energy integration to achieve balanced growth and environmental sustainability. The study offers empirical evidence to support policy design in emerging economies pursuing the dual objectives of industrial competitiveness and carbon neutrality.
Keywords: Manufacturing; Renewable Energy; CO2 Emissions; Economic Growth; Sustainable Development; CIVETS Countries
Journal: International Journal of Energy Economics and Policy
Pages: 180-186
Volume: 16
Issue: 2
Year: 2026
Month: 01
DOI: 10.32479/ijeep.22273
File-URL: https://econjournals.com/index.php/ijeep/article/download/22273/9753
File-Format: application/pdf
Handle: RePEc:eco:journ2:v:16:y:2026:i:2:id:22273