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Inclusive Green Growth and Sustainable Development through Productive Consumption

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  • Dinda, Soumyananda

Abstract

This paper analyses development mechanism through which natural resource capital regenerates and contributes to economic growth. Climate change challenges economic development in the 21st century but it also provides opportunity to grow with developing green. New development strategy is the inclusive green growth that leads towards sustainable development. Regeneration of natural resource is a crucial productive capital in the economy. This paper suggests a theoretical model and explains sustainable development mechanism through productive consumption. Empirical observations also support this model. This paper suggests policy inputs regarding regeneration of natural resource capital and its preservation in term of water shed development, flood control or development of ecosystem services through creation of jobs in the channel of productive consumption. Policy makers should focus on employability, regeneration and preservation of natural resource capital for sustaining livelihoods in the economy.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 50574.

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Date of creation: 17 Mar 2013
Date of revision: 09 Sep 2013
Handle: RePEc:pra:mprapa:50574

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Keywords: Green Growth; Climate Change; Social Capital; Productive Consumption; Reciprocity; Flood Control; Watershed Development; Natural Resource Capital; Human Capital; Inclusive Growth; Sustainable Development.;

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