An Evaluation in the Context of Environmental Consumer Behavior in Selected OECD Countries: Eco-Labeled Products

With the change in nature and the rapid and large increase in population, human beings have had to think about finding new ways to be alive on earth. Because of the scarcity of natural resources and the need for these resources, especially for food, make it necessary to protect natural resources and environmental balance, which are important for the continuity of human life. In this way, it is thought that a better life will be achieved by maintaining the consumption levels of future generations. In this case, eco-labeled products seem to be one of the creative ideas for sustainable purchasing. Eco-labeled products are thought to have the ability to encourage green consumption trends, environmental and sustainable contributions, and this is to give manufacturers insight into environmental performance. This study aims to define the term eco-label within the concept of sustainable consumer behavior and aims to analyze the ecolabelable consumption of producers in selected OECD countries, Greece, Portugal, Turkey, and Germany. The study covers the years 2010-2024. Using panel data analysis, eco-labeled product prices are taken as the independent variable and GDP as the dependent variable. For this purpose, green consumption patterns between 2010-2024 are analyzed. Our study uses a large dataset of ecological consumption of OECD countries using panel data analysis. The findings of this study are expected to guide researchers to think about new ideas on sustainable ecological methods to boost economic growth. In addition, this study emphasizes the importance of the contribution of green products to the sustainable economy and is believed to fill the in the literature in this field.