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Determinants of green growth in developed and developing countries.

Tawiah, V., Zakari, A. and Adedoyin, F. F., 2021. Determinants of green growth in developed and developing countries. Environmental Science and Pollution Research, 28, 39227-39242.

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DOI: 10.1007/s11356-021-13429-0

Abstract

Considering the need for environmental sustainability while ensuring economic growth and development by 2030, this study uses data on 123 developed and developing countries to examine factors that influence green growth. The empirical results show that economic development positively influences green growth. However, trade openness is detrimental to green growth. Regarding energy-related factors, we find energy consumption negatively affecting green growth, but renewable energy consumption significantly improves green growth. In further analysis, we find that the influence of these factors differs between developed and developing countries. The result implies that countries at a different development level will require different strategies in achieving the Sustainable Development Goals in 2030. The results are robust to alternative identification strategies such as the System Generalised Method of Movement, which accounts for potential endogeneity.

Item Type:Article
ISSN:0944-1344
Uncontrolled Keywords:CO2 emissions ; Energy consumption ; Environmental quality ; Green growth
Group:Bournemouth University Business School
ID Code:35318
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:23 Mar 2021 14:19
Last Modified:15 Aug 2021 08:28

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