The long-run estimation role of industrial parks on the level of sustainability in Iran and Turkey

Abstract

The literature on the development of industrial parks has often been neglected by the role of sustainability criteria for long-term prediction. The current study aimed to evaluate the relationship between industrial park development and sustainability levels in Iran and Turkey from 1980 to 2019. Although many researchers have investigated the link between them in different geographical locations, there is no clear picture of the relationship as the results overall are contradictory. An autoregressive distributed lag (ARDL) model bounds testing panel data method with structural fractures was used to analyze the annual selected data to determine whether the development of industrial parks in Iran and Turkey has been successful. The ARDL model is special in that it incorporates sustainability criteria by role of industrial “parks”. The reasoning behind including this explanatory variable is to determine whether countries with industrial parks are more sustainable and to identify future development challenges. Theory suggests that developing industrial parks will eventually strengthen sustainability regulations and policy implementations based on environmental and economic issues.

Keywords

Inustrial park development / Long-run estimation / Sustainability criteria / Regional development / Five-year development plan

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