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Low-carbon economy modeling through triple bottom line framework

Author

Listed:
  • Weiqing Sun

    (Wuxi Vocational Institute of Commerce)

  • Xingkuan Yin

    (Wuxi Vocational Institute of Commerce)

Abstract

This study focuses on establishing a low-carbon economic model across 20 developing Asian economies using the triple bottom line (TBL) framework. Analyzing annual data from 2000 to 2021 reveals key insights. The Consumer Price Index (CPI) significantly impacts the Green Growth Index (GGI), with a 1% CPI increase associated with a 0.48% long-term and 0.36% short-term GGI decrease. Increased foreign direct investment (FDI) acts as a deterrent to GGI motivation, with a 1% rise linked to a 0.32% long-term and 0.25% short-term GGI decrease. Social variables show nuanced impacts, while environmental factors highlight carbon footprint as a barrier and forest land surface as a motivator. Recommendations include adopting a TBL-informed approach, addressing inflation, promoting sustainable FDI, prioritizing social development, and implementing measures to curb carbon emissions, alongside encouraging afforestation and conservation initiatives.

Suggested Citation

  • Weiqing Sun & Xingkuan Yin, 2024. "Low-carbon economy modeling through triple bottom line framework," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-17, June.
    • Handle: RePEc:kap:ecopln:v:57:y:2024:i:3:d:10.1007_s10644-024-09693-y
    DOI: 10.1007/s10644-024-09693-y
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    References listed on IDEAS

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    More about this item

    Keywords

    Low-carbon economy goal; TBL framework; Green Growth Index; Asian developing economies;
    All these keywords.

    JEL classification:

    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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