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A theoretical basis for green growth

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  • Soumyananda Dinda

Abstract

This paper proposes a theoretical model of green growth. The paper analyses the development mechanisms through which natural resource capital regenerates (or at least does not degrade), is preserved and contributes to economic growth. Climate change is a threat to human civilisation and countries need to save natural resources, which are a crucial form of productive capital in the economy, and also challenge economic development in the 21st century. One of the new development strategies proposed is green growth which leads towards sustainable development. This paper suggests policy inputs regarding the regeneration of natural resources and their preservation in terms of watershed development, flood control and development of ecosystem services through the creation of jobs through the channel of productive consumption. Policy-makers should focus on employability, regeneration and preservation of natural resource capital for sustaining livelihoods in the economy.

Suggested Citation

  • Soumyananda Dinda, 2014. "A theoretical basis for green growth," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 8(2), pages 177-189.
  • Handle: RePEc:ids:ijgrec:v:8:y:2014:i:2:p:177-189
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    2. Sinha, Avik, 2015. "Quadrilateral Causal Analysis of Economic Growth in India," MPRA Paper 100353, University Library of Munich, Germany, revised 2015.
    3. Giovanni Marin & Massimiliano Mazzanti, 2013. "The evolution of environmental and labor productivity dynamics," Journal of Evolutionary Economics, Springer, vol. 23(2), pages 357-399, April.
    4. Guannan Chen & Zhenhuang Yang & Shaohui Chen, 2020. "Measurement and Convergence Analysis of Inclusive Green Growth in the Yangtze River Economic Belt Cities," Sustainability, MDPI, Open Access Journal, vol. 12(6), pages 1-17, March.
    5. Massimiliano Mazzanti & Anna Montini & Roberto Zoboli, 2007. "Economic Dynamics, Emission Trends and the EKC Hypothesis New Evidence Using NAMEA and Provincial Panel Data for Italy," Working Papers 2007.24, Fondazione Eni Enrico Mattei.
    6. Mazzanti, Massimiliano & Musolesi, Antonio & Zoboli, Roberto, 2006. "A Bayesian Approach to the Estimation of Environmental Kuznets Curves for CO2 Emissions," Climate Change Modelling and Policy Working Papers 12057, Fondazione Eni Enrico Mattei (FEEM).
    7. Tong, Chao & Ding, Shuai & Wang, Bin & Yang, Shanlin, 2020. "Assessing the target-availability of China’s investments for green growth using time series prediction," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 537(C).
    8. Dinda, Soumyananda, 2020. "A Circular Economy Approach for Sustainable Economic Development," MPRA Paper 104522, University Library of Munich, Germany, revised 2018.
    9. Zhangsheng Liu & Ruixin Li & Xiaotian Tina Zhang & Yinjie Shen & Liuqingqing Yang & Xiaolu Zhang, 2021. "Inclusive Green Growth and Regional Disparities: Evidence from China," Sustainability, MDPI, Open Access Journal, vol. 13(21), pages 1-13, October.

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    More about this item

    Keywords

    green growth; climate change; social capital; productive consumption; reciprocity; flood control; watershed development; natural resource; human capital; inclusive growth; sustainable development; sustainability; economic growth; green economics; ecosystem services; employability.;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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