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Economic growth and energy consumption are the causes of industrialization. Thus, it can be concluded that a low-cost energy supply will help maintain economic performance with incentive policies such as tax deductions and credits provided for producers in the examined countries.<\/jats:p>","DOI":"10.1007\/s40847-024-00385-x","type":"journal-article","created":{"date-parts":[[2024,10,26]],"date-time":"2024-10-26T05:02:32Z","timestamp":1729918952000},"page":"1061-1080","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["New emerging market economies and the roles of energy use, financial development and socioeconomic aspects"],"prefix":"10.1007","volume":"27","author":[{"given":"Sinem","family":"Eyuboglu","sequence":"first","affiliation":[]},{"given":"Umut","family":"Uzar","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5355-3707","authenticated-orcid":false,"given":"Andrew Adewale","family":"Alola","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2024,10,26]]},"reference":[{"issue":"36","key":"385_CR1","doi-asserted-by":"publisher","first-page":"45476","DOI":"10.1007\/s11356-020-10413-y","volume":"27","author":"Q Abbas","year":"2020","unstructured":"Abbas Q, Nurunnabi M, Alfakhri Y, Khan W, Hussain A, Iqbal W (2020) The role of fixed capital formation, renewable and non-renewable energy in economic growth and carbon emission: a case study of Belt and Road Initiative project. 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