scholarly journals From Catch-Up to Transcend: The Development of Emerging Countries’ Green Economy

2019 ◽  
Vol 2019 ◽  
pp. 1-14
Author(s):  
Bie-Yu Lin ◽  
Shi-Xiao Wang
Keyword(s):  
Economic Growth ◽  
Growth Index ◽  
Developed Countries ◽  
Emerging Countries ◽  
Green Technology ◽  
Green Economy ◽  
Green Growth ◽  
Technical Leadership ◽  
Catch Up

As domestic concerns on clean economic growth arise, promoting green economy has become an urgent issue for emerging countries that are facing serious environment problems in industrialization. Through international imitation, emerging countries have the opportunity to adopt clean techniques of developed countries. Because of different industrial structures, it is unachievable to learn the green technology across all fields. Previous studies consider that innovations could create green production models to improve the production capacity that reduces energy input and waste discharge. However, while evaluating emerging countries’ economic growth, the environment indicators were often neglected. Empirical investigation of the role of innovation in green economy’s growth is still rare. The first objective of this study is to adopt an integrated framework to investigate emerging countries’ green economy by considering environmental factors. Secondly, environmentally sensitive productivity growth index was employed to decompose the productivity progress of green economy into catch-up effect, innovation effect, and technical leadership to examine the role of innovation. Thirdly, implications were provided for the policy makers in relation to green growth. Thirty-nine emerging countries were chosen as samples, which were divided into America, Asia, and Europe according to their locations. We found that America is still an imitator in developing green economy. In contrast, Asia starts to transition to innovation, which has become another critical promoter for green growth. Europe was found to lead on the technology frontier because of proper industrial planning and technology accumulation. The progress to innovation and technical leadership could ensure a stable green growth in the future. This research could be a route to open up the possibility of extending current study of green economy.

scholarly journals Stimulating Environmental Investments in the “Green” Economy of Eurasia

2021 ◽  
Vol 278 ◽  
pp. 03010
Author(s):  
Nina Kazitskaya ◽  
Vera Prusova ◽  
Sergey Bochkov
Keyword(s):  
Economic Growth ◽  
Modern Society ◽  
Tax Incentives ◽  
Developed Countries ◽  
Resource Conservation ◽  
Waste Recycling ◽  
Green Economy ◽  
Role Of The State ◽  
Polluting Emissions

To date, investment in industrial production and infrastructure has passed through a certain bifurcation point associated with the division into “green” (environmental) and traditional (resource and nature-intensive) investments. Following the new demands of modern society to improve the environment and reduce the pressure on it from industry, the concept of traditional economic growth based on extensive environmental management is being replaced by ideas of sustainable development related to resource conservation, waste recycling and reduction of polluting emissions into the biosphere. As a result, investment as the basis of economic growth is also gravitating towards a green economy, participation in which is gradually becoming a major competitive advantage for the markets of developed countries. In this process, the role of the state in stimulating nature-saving investments, in which indirect instruments (subsidies, tax incentives), take an increasing place, is growing many times over.

Constituting A Root Map Towards Inclusive Growth: A Comparative Analysis

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Adnan Ali Shahzad ◽  
Hafiz Asim ◽  
Faran Ali
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Poverty Reduction ◽  
Growth Index ◽  
Developed Countries ◽  
Emerging Countries ◽  
Inclusive Growth ◽  
Economic Activities ◽  
Income Disparities ◽  
Economic Growth Rates

Developing and emerging countries of Asia have shown a tremendous improvement in economic growth rates couple with the significant strides in extreme poverty reduction. However, most of the economies are still facing some challenges like income and non-income disparities in sharing benefits and participation into social and economic activities. It requires attention that economic growth must be accompanied by reduction in poverty and income & non-income inequalities, and promoting equitable participation, i.e. growth must be inclusive. To address these challenges, present study presents a pioneer work to construct a unique but comprehensive inclusive growth index (IGI) over the period of last two decades for 17 Asian and 8 developed countries. The study made a comparative analysis of inclusive growth performances of developing and emerging countries of Asia and compared their final score with the benchmark set by developed countries of the world. The study highlighted the clusters of variables which required attention in developing Asia to converge with emerging Asia, and in emerging Asia to converge with developed world. In short, the study provides a root map for developing countries to merge with emerging countries, and for emerging countries to merge with developed countries.

scholarly journals FDI and Economic Growth — Does the Quality of Banking Development Matter?

2014 ◽  
Vol 15 (3) ◽  
pp. 287 ◽  
Author(s):  
Nor Hakimah Haji Mohd ◽  
Soo-Wah Low ◽  
Abu Hassan Shaari Md Nor ◽  
Noor A. Ghazali
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Emerging Countries ◽  
Positive Role ◽  
Growth Effects ◽  
Net Interest Margin ◽  
The Impact ◽  
Banking Development

This study examines the role of banking development quality in the FDI-growth nexus from 1998 to 2009. Banking development quality is measured using two standardized intermediation  cost indicators and an index of banking development quality that is constructed based on the following indicators: overhead costs to total assets and net interest margin. The results for developed countries show that, on its own, FDI is negatively related to economic growth. However, when FDI is interacted with a banking development quality index, the quality of banking development is found to play a positive role in influencing the effects of FDI on economic growth. This suggests that the quality of banking development serves as an absorptive capacity that allows developed countries to benefit from the positive growth effects of FDI. On the contrary, for emerging countries, the findings indicate that banking development quality plays no role in influencing the impact of FDI on economic growth. This implies that the quality of banking development in emerging countries has yet to reach a level that allows it to importantly influence the growth effects of FDI.       

scholarly journals Inclusive Green Development: A Critical Study in the Present Crisis of India

2020 ◽  
Vol 5 (1) ◽  
pp. 57-58
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Development Strategy ◽  
Descriptive Analysis ◽  
Emerging Countries ◽  
Green Economy ◽  
Critical Study ◽  
Green Growth ◽  
Green Development

The concept of green growth assumes centrality of socio-economic inclusiveness towards sustainable development in India. Inclusive green growth currently is a development strategy, which included both economic growth in addition to sustainable development. In India, for instance, growth in addition to development is said to have always existed a part of the planning process.The study makes a descriptive analysis based on the available data. It highlights the present status of India exists comparisons with other emerging countries. While acknowledging the importance of development strategies to adopt the principles of green economy in tune with stage of economic development, the study points out the critical gaps in addition to problems faced by India just as well as their possible solutions.

PENGARUH INFRASTRUKTUR SECARA SPASIAL TERHADAP KONVERGENSI PERTUMBUHAN EKONOMI DI INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 1 ◽  
pp. 17-28
Author(s):  
Anisa Fahmi
Keyword(s):  
Economic Growth ◽  
Regional Economics ◽  
Developed Countries ◽  
Road Infrastructure ◽  
Long Run ◽  
Catch Up ◽  
The Developed Countries ◽  
Positive Effect ◽  
Neoclassical Growth Theory

Motivated by inter-regional disparities condition that occurs persistently, this study examines the Indonesian economy in the long run in order to know whether it tends to converge or diverge. This convergence is based on the Solow Neoclassical growth theory assuming the existence of diminishing returns to capital so that when the developed countries reach steady state conditions, developing countries will continuously grow up to 'catch-up' with developed countries. Based on regional economics perspective, each region can not be treated as a stand-alone unit,therefore, this study also focuses on the influence of spatial dependency and infrastructure. Economical and political situations of a region will influence policy in that region which will also have an impact to the neighboring regions. The estimation results of spatial cross-regressive model using fixed effect method consistently confirmed that the Indonesian economy in the long term will likely converge with a speed of 8.08 percent per year. Other findings are road infrastructure has a positive effect on economic growth and investment and road infrastructure are spatially showed a positive effect on economic growth. In other words, the investment and infrastructure of a region does not only affect the economic growth of that region but also to the economy of the contiguous regions. 

scholarly journals Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

2021 ◽  
Author(s):  
Sadegh Abedi ◽  
Mehrnaz Moeenian
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Middle East ◽  
Climate Change Mitigation ◽  
Developed Countries ◽  
Factors Affecting ◽  
Middle East Countries ◽  
Sustainable Economic Growth ◽  
Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.

scholarly journals THE BASIC FRAMEWORK FOR THE IMPLEMENTATION OF THE GREEN ECONOMY MODEL IN THE BUSINESS PROCESSES OF THE FOOD INDUSTRY

2021 ◽  
Vol 7 (167) ◽  
pp. 28-33
Author(s):  
S. Burlutska ◽  
D. Krasovsky
Keyword(s):  
Economic Growth ◽  
Management System ◽  
Human Life ◽  
Renewable Energy Sources ◽  
Developed Countries ◽  
Green Economy ◽  
Economic Science ◽  
Growth Strategies ◽  
Negative Consequences ◽  
The World

At present, the totality of global environmental and economic threats and challenges has put the world economic science in front of the need to find a new way of developing the world economy. The new model of economic growth must satisfy two main criteria: firstly, to find a qualitatively new direction of growth, and secondly, to ensure the preservation and improvement of the quality of the environment for human life, that is, to ensure new economic growth without negative consequences for the environment. Many modern scientists see the solution of these problems in a relatively new direction in the economy, which has existed for just over 30 years - the "green" economy. Their opinion is shared by leading politicians and civil servants of the world's economic powers. The directions of the "green" economy system are considered: introduction of renewable energy sources; improvement of the waste management system; improvement of the water resources management system; development of "clean" transport; organic farming in agriculture; energy efficiency in housing and communal services; conservation and effective management of ecosystems. As a result of the analysis, key ones were identified directions in which the green economy is moving, systematized basic support tools that divided into price and non-price, in more detail characterized by price with the separation of financial tools that experts focus on international organizations for sustainable development. The main elements of the state are defined green growth strategies and analyzed the situation harmonization of the influence of developed countries on the development of "green" economy. An understanding of the essence and description of the goals of "green" technologies is proposed, which implies work not with the consequences, but with the causes of environmental problems. Considered the "green" experience of developed countries and global companies. In conclusion, the author emphasizes that the concept of a "green" economy is an innovative development project, but to achieve sustainability it is necessary to use the experience of other companies. One of the main problems was noticed, this is the use of pseudo environmental friendliness by companies for their own commercial purposes.

Entrepreneurship and economic growth: does gender matter?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sarah R. Crane
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Ordinary Least Squares ◽  
Cultural Barriers ◽  
Entrepreneurial Firms ◽  
Least Squares Regression ◽  
Content Type ◽  
World Survey ◽  
Country Analysis

PurposeEntrepreneurial firms contribute to economic growth, but the potential gendered nature of this contribution must be investigated as outcomes of male-owned and female-owned firms differ. The study investigates the female underperformance hypothesis in a cross-country analysis of Schumpeterian entrepreneurs. Next, it investigates if there is a gendered dimension of Schumpeterian firm contribution to economic growth.Design/methodology/approachThe study utilizes both nonparametric and parametric methodologies. Through nonparametric methods, the success of female-owned and male-owned firms is compared. Next, a parametric ordinary least squares regression model tests if there is a gendered nature of an entrepreneurial firm's economic contribution.FindingsIn nonparametric analyses, female-owned entrepreneurial firms in developed countries perform similarly to male-owned firms, while in developing countries male-owned firms significantly outperform female-owned firms. The author also finds strong evidence that the gender of the Schumpeterian entrepreneur does not matter in the contribution in economic growth.Research limitations/implicationsIn all countries, the number of female-owned entrepreneurial firms was significantly lower than that of male-owned firms. The findings point to consistent cultural barriers for women in innovation-related fields and persistent gendered norms in entrepreneurship. Thus, removal of cultural barriers and continued support for Schumpeterian entrepreneurship will benefit women and contribute to a country's economic growth.Originality/valueThe data for this study is a unique utilization of the Enterprise World Survey to identify Schumpeterian entrepreneurial firms. Additionally, the study challenges the female underperformance hypothesis and contributes to the literature on the role of entrepreneurship in economic growth.

scholarly journals How Do You See Infrastructure? Green Energy to Provide Economic Growth after COVID-19

2020 ◽  
Vol 12 (11) ◽  
pp. 4738 ◽  
Author(s):  
Idiano D’Adamo ◽  
Paolo Rosa
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Green Energy ◽  
Green Economy

Climate change has determined the deterioration of the ecosystem, but some politicians deny this evidence. There is a relationship between sustainability and resilience, and COVID-19 has demonstrated that life can change quickly. Social and economic disaster share a close bond. Can the realization of a great plan for infrastructure support the planet’s rebirth? This is the key role of the green economy.

scholarly journals Growth and Its Discontents

2016 ◽  
Vol 37 (2) ◽  
pp. 131-142 ◽  
Author(s):  
Javier Lloveras ◽  
Lee Quinn
Keyword(s):  
Economic Growth ◽  
Green Growth ◽  
Alternative Economies ◽  
Economic Practices ◽  
The Future ◽  
Marketing Systems ◽  
Future Direction

Fragmented marketing debates concerning the role of alternative economies are attributable to the lack of a meaningful macromarketing dimension to which alternative economic practices can be anchored. This research frames an evaluation of existing macromarketing developments aimed at reformulating the mindless pursuit of economic growth. Raising concerns with the treadmill dynamics of marketing systems, three different approaches - green growth, a-growth and degrowth - are critically evaluated to: (a) introduce degrowth as a widely overlooked concept in the macromarketing literature; (b) expose how each perspective entails a specific organization of provisioning activities; and (c) foreground the role of alternative economic practices beyond the growth paradigm. We conclude that socially sustainable degrowth is the missing voice within macromarketing debates that lie central to elucidating the future direction of alternative economic practices.

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