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A new database on Green GDP; 1970–2019: a framework for assessing the green economy

Author

Listed:
  • Saša Stjepanoviæ

    (Juraj Dobrila University, Croatia)

  • Daniel Tomiæ

    (Juraj Dobrila University, Croatia)

  • Marinko Škare

    (Juraj Dobrila University, Croatia)

Abstract

Research background: Numerous modern indicators are attempting to integrate better economic, political, social, and environmental ambitions to uncover potential synergy, trade-offs, and future views that center around the notion of a so-called green economy. As long as the various indicators are not bounded in one comprehensive measurement, utilizing knowledge of relevant information and statistics that are crucial for monitoring the progress will not give us answers on the progress towards green growth either. Without an adequate measurement framework and robust statistics, the evaluation of the green economy is open to subjective reasoning. Purpose of the article: This paper aims to offer a strong standpoint for green topics by exploring the concept of Green GDP. The paper introduces a new, updated database on Green GDP for the set of 160 countries from 1970–2019. Methods: This database is distinctive due to its balanced coverage of two components of the green economy: quantitative feature (standard methodological algorithm) and qualitative feature (opportunity costs) within a common Green GDP accounting framework. Findings & value added: Standardizing new methodologies and procedures for estimating environmental costs with a statistical foundation provides added value, which we hope will support the creation of reliable accounting and valuation systems for the green economy on a developing "green platform."

Suggested Citation

  • Saša Stjepanoviæ & Daniel Tomiæ & Marinko Škare, 2022. "A new database on Green GDP; 1970–2019: a framework for assessing the green economy," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 949-975, December.
    • Handle: RePEc:pes:ieroec:v:13:y:2022:i:4:p:949-975
    DOI: 10.24136/oc.2022.027
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    green economy; green GDP; environment; database as time series; methodology; sustainability; sustainable growth; sustainable green development;
    All these keywords.

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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