Sustainability Transitions and Economic Viability: Comparative Insights From Norway and China

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Maliye ve Finans Yazıları
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Sustainability Transitions and Economic Viability: Comparative Insights From Norway and China

Sustainability Transitions and Economic Viability: Comparative Insights From Norway and China

Authors : Endi Hasanaj, Ebru Z. Boyacioğlu

Pages : 334-344

Doi:10.33203/mfy.1830938

View : 61 | Download : 133

Publication Date : 2025-12-31

Article Type : Research Paper

Abstract :Utilizing the creative destruction framework, this study examines how the economic viability of sustainability transitions evolves across different institutional contexts. Using both qualitative and quantitative data, the study compares two policy architectures: Norway’s demand-driven shift to battery-electric vehicles and China’s supply-focused growth in solar photovoltaic manufacturing. The results show that an institutional design in which regulatory, infrastructural, and fiscal measures interact, combined with consistent policies that earn the public’s and markets’ trust, makes sustainable technologies scalable. Therefore, market maturity and cost reductions are a result of these measures, rather than spontaneous competition – especially in the initial phases of transition.
Keywords : Sürdürülebilirlik, Yaratıcı Yıkım, Ekonomik Uygulanabilirlik, Norveç, Çin

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