Treasure lying beneath the waters: exploring the deep connections between biodiversity and the blue economy

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dc.contributor.authorCamkaya, Serhat
dc.contributor.authorKaya, Emine
dc.contributor.authorBarut, Abdulkadir
dc.contributor.authorAli, Kishwar
dc.contributor.authorPilatin, Abdulmuttalip
dc.contributor.authorNassani, Abdelmohsen A.
dc.date.accessioned2026-06-19T06:37:57Z
dc.date.available2026-06-19T06:37:57Z
dc.date.issued2025
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractIntroduction The blue economy has become a pivotal framework for achieving sustainable development, emphasizing the responsible utilization of marine and coastal resources while preserving ecosystem integrity. Although biodiversity is central to fisheries, aquaculture, and coastal tourism, its direct role in shaping the blue economy remains underexplored. Furthermore, the interactions of biodiversity with other structural factors, such as financial development, institutional quality, and environmental pressures, are insufficiently addressed in existing studies.Methods This study investigates the determinants of the blue economy by employing panel data from the world's ten highest-income blue economies over the period 2000-2021. To address econometric challenges such as cross-sectional dependence, unit roots, and cointegration, second-generation panel techniques were applied. Long-term relationships were estimated using the Augmented Mean Group (AMG) estimator, and robustness was assessed through complementary econometric tests.Results The empirical findings demonstrate that biodiversity exerts a positive and statistically significant effect on the blue economy. In contrast, financial development is negatively associated with blue economy performance. Institutional quality and per capita income are found to enhance blue economy outcomes, while CO2 emissions exert a detrimental influence. Robustness checks confirm the stability and reliability of these results across alternative specifications.Discussion The results underscore the vital role of biodiversity conservation in fostering sustainable growth within the blue economy framework. However, the negative effect of financial development suggests that existing financial structures do not sufficiently channel resources into environmentally sustainable marine activities. Strengthening institutional frameworks and aligning financial systems with ecological priorities are therefore critical. Moreover, reducing carbon emissions is indispensable to securing long-term resilience of marine ecosystems and ensuring the sustainability of blue economy activities.
dc.description.sponsorshipRecep Tayyip Erdogbreve;an University Development Foundation [02025006018555]; King Saud University, Riyadh, Saudi Arabia [ORF-2025-87]
dc.description.sponsorshipThe author(s) declare financial support was received for the research and/or publication of this article. This study was supported by the Recep Tayyip Erdogan University Development Foundation (Grant ID: 02025006018555). The authors gratefully acknowledge the Foundation for its support. The authors would like to thank the Ongoing Research Funding Program (ORF-2025-87), King Saud University, Riyadh, Saudi Arabia, for their valuable support.
dc.identifier.doi10.3389/fmars.2025.1624071
dc.identifier.issn2296-7745
dc.identifier.scopus2-s2.0-105018511065
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.3389/fmars.2025.1624071
dc.identifier.urihttps://hdl.handle.net/20.500.12899/5302
dc.identifier.volume12
dc.identifier.wosWOS:001587148900001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherFrontiers Media Sa
dc.relation.ispartofFrontiers in Marine Science
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20260612
dc.subjectBlue Economy
dc.subjectBiodiversity
dc.subjectMarine Ecosystems
dc.subjectSustainable Development
dc.subjectFinancial Development
dc.subjectInstitutional Quality
dc.titleTreasure lying beneath the waters: exploring the deep connections between biodiversity and the blue economy
dc.typeArticle

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