Quantification of the impact of innovation and human capital on sustainable development: a panel data analysis for newly industrialized countries


ERDOĞAN S., Solarin S. A.

Quality and Quantity, 2026 (Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Basım Tarihi: 2026
  • Doi Numarası: 10.1007/s11135-026-02575-7
  • Dergi Adı: Quality and Quantity
  • Derginin Tarandığı İndeksler: Scopus, IBZ Online, ABI/INFORM, Index Islamicus, Political Science Complete, Psycinfo
  • Anahtar Kelimeler: Human capital, Load capacity factor, Newly industrialized countries, Sustainable development, Technological innovation
  • Hatay Mustafa Kemal Üniversitesi Adresli: Evet

Özet

Technological innovation and human capital are frequently seen as powerful tools for addressing the climate crisis. However, there is no consensus among researchers on how technological innovation and human capital drive sustainable development. Therefore, this study quantifies the impact of technological innovation and human capital in newly industrialized countries from 2000 to 2019 using panel data analysis that accounts for cross-sectional dependence. The empirical results show that economic growth and energy consumption reduce the load capacity factor while human capital accumulation increases it. Lastly, an empirical analysis using various technological innovation proxies shows that technological innovation can decrease the load capacity factor in newly industrialized countries. One of the policy implications of the results is that technological innovation, such as patent applications, research, and development, provides credible pathways to achieve sustainable development.