Diverging or converging to a green world? Impact of green growth measures on countries’ economic performance

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dc.contributor.authorFerreira, João J. M.
dc.contributor.authorLopes, João M.
dc.contributor.authorDias, Claudia
dc.contributor.authorGomes, Sofia
dc.date.accessioned2023-02-09T16:02:27Z
dc.date.available2023-02-09T16:02:27Z
dc.date.issued2023-02-08
dc.description.abstractGreen growth has emerged in recent years to respond to environmental problems caused by climate change and the scarcity of resources. However, today’s green growth involves environmental, social and financial dimensions. In this context, many countries are currently seeking green growth for their economic development through the efficient use of their resources. This study aims to assess the impact of green growth performance on the economic development of countries. A quantitative approach was applied to a sample of 172 countries worldwide, and the formulated hypotheses were tested through multiple linear regressions estimated by the ordinary least squares method. The economic development of countries was measured by the Human Development Index (HDI) and measures the sustainability performance of countries by the Green Growth Index (GGI). The results of this study demonstrate that (i) the measures of green growth performance have a positive impact on the economic development of high-income, upper-middle-income, and lower-middle-income economies, (ii) in poorer economies, less is the contribution of green growth to economic development, mainly because they neglecting the social dimension despite the numerous existing projects in these economies for greater inclusion and (iii) green economic opportunities (green investment, green trade, green employment and green innovation) do not influence green economic development in all analysed economies. Consequently, suggestions were made for policymakers from different groups of countries to increase and accelerate their sustainable green growth. Literature on economic development and green growth is still scarce, especially at the empirical level, and few studies use the 2020 GGI data. In addition, this study also uses recent rankings of world economies to categorize the economic development of countries.pt_PT
dc.identifier.citationFerreira, J. J., Lopes, J. M., Gomes, S. & Dias, C. (2023). Diverging or converging to a green world? Impact of green growth measures on countries’ economic performance. Environment, Development and Sustainability, (Published online: 08 february 2023), 1-19. https://doi.org/10.1007/s10668-023-02991-x. Repositório Institucional UPT. http://hdl.handle.net/11328/4682pt_PT
dc.identifier.doihttps://doi.org/10.1007/s10668-023-02991-xpt_PT
dc.identifier.issn1387-585X (Print)
dc.identifier.issn1573-2975 (Electronic)
dc.identifier.urihttp://hdl.handle.net/11328/4682
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherSpringerpt_PT
dc.relation.publisherversionhttps://link.springer.com/article/10.1007/s10668-023-02991-xpt_PT
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectGreen growth indexpt_PT
dc.subjectGreen economypt_PT
dc.subjectEconomic developmentpt_PT
dc.subjectEfficient and sustainable resource usept_PT
dc.subjectGreen economic opportunitiespt_PT
dc.subjectNatural capital protectionpt_PT
dc.subjectSocial inclusionpt_PT
dc.titleDiverging or converging to a green world? Impact of green growth measures on countries’ economic performancept_PT
dc.typejournal articlept_PT
degois.publication.firstPage1pt_PT
degois.publication.issuePublished online: 08 february 2023pt_PT
degois.publication.lastPage19pt_PT
degois.publication.titleEnvironment, Development and Sustainabilitypt_PT
dspace.entity.typePublicationen
person.affiliation.nameREMIT - Research on Economics, Management and Information Technologies
person.familyNameGomes
person.givenNameSofia
person.identifier.ciencia-idB415-29D7-EC1A
person.identifier.orcid0000-0002-0326-0655
person.identifier.ridAAX-9149- 2021
person.identifier.scopus-author-id36983012600
relation.isAuthorOfPublication05ebcd91-a47c-4480-bf6a-7865f2014dc2
relation.isAuthorOfPublication.latestForDiscovery05ebcd91-a47c-4480-bf6a-7865f2014dc2

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