IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/v16y2026i2id22273.html

Balancing Growth and Sustainability: The Role of Manufacturing and Renewable Energy in CIVETS Countries

Author

Listed:
  • Supartoyo, Yesi Hendriani

    (National Research and Innovation Agency (BRIN), Jakarta, Indonesia,)

  • Wahyudi, Setyo Tri

    (Universitas Brawijaya, Malang, Indonesia,)

  • Firmansyah, Firmansyah

    (Universitas Diponegoro, Semarang, Indonesia,)

  • Damayanti, Rosita Mei

    (Universitas Sebelas Maret, Surakarta, Indonesia,)

  • Rosdaliva, Mehilda

    (Universitas Sebelas Maret, Surakarta, Indonesia,)

  • Martini, Endang

    (Universitas Sebelas Maret, Surakarta, Indonesia,)

  • Hatmanto, Tria

    (Coordinating Ministry for Food Affairs, Jakarta, Indonesia.)

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.

Suggested Citation

  • Supartoyo, Yesi Hendriani & Wahyudi, Setyo Tri & Firmansyah, Firmansyah & Damayanti, Rosita Mei & Rosdaliva, Mehilda & Martini, Endang & Hatmanto, Tria, 2026. "Balancing Growth and Sustainability: The Role of Manufacturing and Renewable Energy in CIVETS Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 16(2), pages 180-186, January.
    • Handle: RePEc:eco:journ2:v:16:y:2026:i:2:id:22273
    DOI: 10.32479/ijeep.22273
    as

    Download full text from publisher

    File URL: https://econjournals.com/index.php/ijeep/article/download/22273/9753
    Download Restriction: no
    File URL: https://libkey.io/10.32479/ijeep.22273?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:v:16:y:2026:i:2:id:22273. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Monica Sinhat (email available below). General contact details of provider: https://econjournals.com/index.php/ijeep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.