气候变化领域集成服务门户(CCPortal): How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey

CCPortal

DOI	10.1016/j.enpol.2022.113127
	How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey
	Sirin, Selahattin Murat; Uz, Dilek; Sevindik, Irem
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	168 页码:15
英文摘要	Developing economies are currently projected to hold a major share of the global energy demand in the up-coming decades, giving them a key role in addressing climate change. However, new renewable energy in-vestments in these countries have so far been relatively slow. A specific set of challenges dominate the investment environment in developing countries, including higher exposure to macroeconomic and political risks, uncertainties due to climate change, limited domestic manufacturing capabilities, and heavy reliance on foreign debt in capital investments. These factors tend to disproportionately affect small and medium-sized enterprises (SMEs) which currently hold a sizeable share of renewable and distributed energy technology in-vestments. Not only does this impact the viability of energy transition, but also has important energy justice and local economic development implications - an overlooked subject in the literature. Using a rich, novel dataset and panel data methods, this paper estimates the effect of a set of key macroeconomic variables on the capital structure and investment outcomes of SMEs within the Turkish power sector. Our results indicate that unfa-vorable macroeconomic conditions, which lead to a significant growth in liabilities and increased risk of bankruptcy, can cause a slowdown in power sector SME investments despite the prevalence of subsidies.
英文关键词	Macroeconomic risks; Energy transition; Developing economies; SMEs; Renewable energy JEL M20; Q42; Q43
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000863251500013
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272211
作者单位	Western University (University of Western Ontario); Nevada System of Higher Education (NSHE); University of Nevada Reno
推荐引用方式 GB/T 7714	Sirin, Selahattin Murat,Uz, Dilek,Sevindik, Irem. How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey[J],2022,168:15.
APA	Sirin, Selahattin Murat,Uz, Dilek,&Sevindik, Irem.(2022).How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey.ENERGY POLICY,168,15.
MLA	Sirin, Selahattin Murat,et al."How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey".ENERGY POLICY 168(2022):15.