IDEAS home Printed from https://ideas.repec.org/a/sae/jjlobr/v11y2022i1p7-23.html
   My bibliography  Save this article

An Empirical Analysis Using Machine Learning to Identify Features Influencing the Green Economy of India

Author

Listed:
  • Boris Raj Borgohain
  • Krishna Kumar Singh

Abstract

Due to the vast changes being experienced in the current world climate, sustainable development and green economy have become key terms as counters to the experienced climate changes. As such, this article analyzes the features of green economy that would be key in the world’s development towards a green economy and a sustainable environment. The article uses the conceptualization of green GDP as an indicator of green economic development for the analysis. The article uses dimension reduction techniques and machine learning algorithms to identify the features with high importance in green economy. Results of the analysis show that the defined factor technological investment has the highest importance on development of green economy, and economic growth also exhibits a considerable amount of importance. The study provides suggestions on the direction of policy development by stakeholders for increasing the green GDP, which acts as the indicator of green economic development.

Suggested Citation

  • Boris Raj Borgohain & Krishna Kumar Singh, 2022. "An Empirical Analysis Using Machine Learning to Identify Features Influencing the Green Economy of India," Jindal Journal of Business Research, , vol. 11(1), pages 7-23, June.
    • Handle: RePEc:sae:jjlobr:v:11:y:2022:i:1:p:7-23
    DOI: 10.1177/22786821221082611
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/22786821221082611
    Download Restriction: no
    File URL: https://libkey.io/10.1177/22786821221082611?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hansen, Bruce E., 1999. "Threshold effects in non-dynamic panels: Estimation, testing, and inference," Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
    2. Yang Gao & Sang-Bing Tsai & Xingqun Xue & Tingzhen Ren & Xiaomin Du & Quan Chen & Jiangtao Wang, 2018. "An Empirical Study on Green Innovation Efficiency in the Green Institutional Environment," Sustainability, MDPI, vol. 10(3), pages 1-13, March.
    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Baofeng Shi & Hufeng Yang & Jing Wang & Jingxu Zhao, 2016. "City Green Economy Evaluation: Empirical Evidence from 15 Sub-Provincial Cities in China," Sustainability, MDPI, vol. 8(6), pages 1-39, June.
    5. von Hippel P.T., 2004. "Biases in SPSS 12.0 Missing Value Analysis," The American Statistician, American Statistical Association, vol. 58, pages 160-164, May.
    6. Luigi Aldieri & Concetto Paolo Vinci, 2018. "Green Economy and Sustainable Development: The Economic Impact of Innovation on Employment," Sustainability, MDPI, vol. 10(10), pages 1-11, October.
    7. Koen Decancq & María Ana Lugo, 2013. "Weights in Multidimensional Indices of Wellbeing: An Overview," Econometric Reviews, Taylor & Francis Journals, vol. 32(1), pages 7-34, January.
    8. Capasso, Marco & Hansen, Teis & Heiberg, Jonas & Klitkou, Antje & Steen, Markus, 2019. "Green growth – A synthesis of scientific findings," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 390-402.
    9. Boyd, James, 2007. "Nonmarket benefits of nature: What should be counted in green GDP?," Ecological Economics, Elsevier, vol. 61(4), pages 716-723, March.
    10. Wenjuan Gao & Xiaohao Ding & Ran Chen & Weifang Min, 2019. "An Empirical Study of the Role of Higher Education in Building a Green Economy," Sustainability, MDPI, vol. 11(23), pages 1-14, December.
    11. Mingliang Zhao & Fangyi Liu & Yingjie Song & Jiangbo Geng, 2020. "Impact of Air Pollution Regulation and Technological Investment on Sustainable Development of Green Economy in Eastern China: Empirical Analysis with Panel Data Approach," Sustainability, MDPI, vol. 12(8), pages 1-18, April.
    12. Min Wang & Xianli Zhao & Qunxi Gong & Zhigeng Ji, 2019. "Measurement of Regional Green Economy Sustainable Development Ability Based on Entropy Weight-Topsis-Coupling Coordination Degree—A Case Study in Shandong Province, China," Sustainability, MDPI, vol. 11(1), pages 1-18, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joanna Godlewska & Edyta Sidorczuk-Pietraszko, 2019. "Taxonomic Assessment of Transition to the Green Economy in Polish Regions," Sustainability, MDPI, vol. 11(18), pages 1-25, September.
    2. Baharumshah, Ahmad Zubaidi & Slesman, Ly & Wohar, Mark E., 2016. "Inflation, inflation uncertainty, and economic growth in emerging and developing countries: Panel data evidence," Economic Systems, Elsevier, vol. 40(4), pages 638-657.
    3. Jia Peng & Xianli Hu & Xinyue Fan & Kai Wang & Hao Gong, 2023. "The Impact of the Green Economy on Carbon Emission Intensity: Comparisons, Challenges, and Mitigating Strategies," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
    4. Zhang, Xiaobei & Wang, Xiaojun, 2021. "Measures of human capital and the mechanics of economic growth," China Economic Review, Elsevier, vol. 68(C).
    5. Abdulqadir, Idris A. & Asongu, Simplice A., 2022. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 44-61.
    6. Adelaide Duarte & Marta Simões & João Sousa Andrade, 2014. "Estado Social, Quantis, Não-Linearidades e Desempenho Económico: Uma Avaliação Empírica," GEMF Working Papers 2014-21, GEMF, Faculty of Economics, University of Coimbra.
    7. Runhui Lin & Yuan Gui & Zaiyang Xie & Lu Liu, 2019. "Green Governance and International Business Strategies of Emerging Economies’ Multinational Enterprises: A Multiple-Case Study of Chinese Firms in Pollution-Intensive Industries," Sustainability, MDPI, vol. 11(4), pages 1-32, February.
    8. Thomas Straubhaar & Marc Suhrcke & Dieter Urban, 2002. "Divergence. Is it Geography?," Development Working Papers 158, Centro Studi Luca d'Agliano, University of Milano.
    9. Chih Ming Tan, 2010. "No one true path: uncovering the interplay between geography, institutions, and fractionalization in economic development," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(7), pages 1100-1127, November/.
    10. Maha Kalai & Nahed Zghidi, 2019. "Foreign Direct Investment, Trade, and Economic Growth in MENA Countries: Empirical Analysis Using ARDL Bounds Testing Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(1), pages 397-421, March.
    11. Nusrate Aziz & Belayet Hossain & Laura Lamb, 2022. "Does green policy pay dividends?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 24(2), pages 147-172, April.
    12. Meral KAGITCI & Leonardo BADEA & Vasile Cosmin NICULA, 2021. "The Catch-up Effect of Economic Growth. Evidence from the European Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 76-86, December.
    13. Sanga,Dimitri & Gui-Diby,Steve Loris, 2020. "Inflation Threshold Levels and Economic Growth in the Franc Zone Countries," Policy Research Working Paper Series 9405, The World Bank.
    14. Chenhui Hu & Haining Jiang, 2021. "Causal Nexus between Sci-Tech Talent and Economic Growth in the Pan-Yangtze River Delta of China," Sustainability, MDPI, vol. 13(12), pages 1-18, June.
    15. Ergin Akalpler, 2023. "Triggering economic growth to ensure financial stability: case study of Northern Cyprus," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-40, December.
    16. Zhirong Li & Kaiheng Zheng & Qikang Zhong, 2022. "Comprehensive Evaluation and Spatial-Temporal Pattern of Green Development in Hunan Province, China," Sustainability, MDPI, vol. 14(11), pages 1-21, June.
    17. David E. Bloom & Alex Khoury & Vadim Kufenko & Klaus Prettner, 2021. "Spurring Economic Growth through Human Development: Research Results and Guidance for Policymakers," Population and Development Review, The Population Council, Inc., vol. 47(2), pages 377-409, June.
    18. Özgür ERSİN & Ayfer USTABAŞ & Tuğçe ACAR, 2022. "The Nonlinear Effects of High Technology Exports, R&D and Patents on Economic Growth: A Panel Threshold Approach to 35 OECD Countries," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 26-44, April.
    19. Hui Wang & Qing Wang & Xia Sheng, 2021. "Does Corporate Financialization Have a Non-Linear Impact on Sustainable Total Factor Productivity? Perspectives of Cash Holdings and Technical Innovation," Sustainability, MDPI, vol. 13(5), pages 1-17, February.
    20. Boniface Ngah Epo & Dief Reagen Nochi Faha, 2020. "Natural Resources, Institutional Quality, and Economic Growth: an African Tale," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(1), pages 99-128, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:jjlobr:v:11:y:2022:i:1:p:7-23. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.