GREEN GDP: AN ANALYSES FOR DEVELOPING AND DEVELOPED COUNTRIES
In the push for more sustainable and greener progress, faster economic growth is no longer a priority. Is this true? There is a broad agreement that global society should strive for a higher standard of human wellbeing that is equitably shared and sustainable. Motivations for such plight are numerous; from economic (GDP measure is dangerously inadequate measure of quality of life since it counts what we produce and consume, but ignores social costs, environmental outcomes and income inequality), ecological (public is getting increasingly concerned with depleted natural resources and polluted environment, and other ecological issues), philosophical (human appetites and the population growth render non-market wellbeing measures to confront it with the society’s material standard of living), political (the concept of so-called green growth is generating diversity in positions, from enthusiastic to cautious, for it can be an opportunity, but also a risk that disfavours one country on international level) to even methodological questions (the lack of recognized methodological principles that would be the basis for reliable statistical data, thus an accurate accounting and valuation system of economic growth and development).
Jméno a příjmení autora:
Saša Stjepanović, Daniel Tomić, Marinko Škare
Green GDP, green growth, sustainable development, environment and ecology, a cross-country analysis
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A frequently asked question lately is whether the traditional measures of a country’s level of economic activity and progress, such as gross domestic product or gross national product, fail to…více
A frequently asked question lately is whether the traditional measures of a country’s level of economic activity and progress, such as gross domestic product or gross national product, fail to account for the environmental issues. While these measures are highly reliable indicators that refl ect the economic performance of a country, they largely ignore the depreciation of assets, non-market economy and especially the damages to the environment caused by growth. There is a consensus that these indicators, (especially) according to the concepts of sustainable development and green growth, appear to be poor measurements. Measuring progress on a complex and multi-dimensional scale and identifying relevant indicators are challenging tasks. No agreement exists yet on an analytical framework or a set of indicators to sustainable economic growth. Building the research on the alternative Green GDP measurement our goal is to provide an alternative ranking scheme by comprehensively considering both quantitative (common methodological algorithm) and qualitative (opportunity costs) features of the so-called green growth. The analysis will be demonstrated by calculating the Green GDP indicator for the variety of developing and developed countries for the period 2008–2016. Namely, our results could serve to improve the level of debate on different green indicators and inform the wider public. We see this paper as a step forward for a growing academic platform on ‘green economy topics’, a step pointed towards improving, amending, evolving and promoting further development of green growth measurements and indicators.