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Green Economic Development as the Framework for Green Finance and Green Investment

Author

Listed:
  • Vargas-Hernández José G.

    (Postgraduate and Research Division, Instituto Tecnológico José Mario Molina Pasquel y Henríquez, Mexico)

  • Rakowska Joanna

    (Institute of Economics and Finance, Warsaw University of Life Sciences, Poland)

  • Vargas-González Omar C.

    (Instituto Tecnológico Nacional de México, Campus Cd. Guzmán, Mexico)

Abstract

Subject and purpose of work: This study aims to analyse the main elements of the green economic development as a framework for green finance and green investment. The analysis spurs from the underlying notion that green economics is inherently a normative framework and a school of thought development of the neo-classical economic thinking with conceptual assumptions, deficiencies, and contradictions, beginning to set out the roots, aims and philosophical principles. Materials and methods: The methods used are the analytical and descriptive ones based on the critical literature review and an experiential reflective attitude on the key issues concerning the variables of green economic development, green finance, and green investment. Conclusions: It is concluded that the implementation of green economy activities have many obstacles to face. The inadequate funding and the institutional support in collaborations and coordination practices are the most crucial.

Suggested Citation

  • Vargas-Hernández José G. & Rakowska Joanna & Vargas-González Omar C., 2022. "Green Economic Development as the Framework for Green Finance and Green Investment," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 15(3), pages 304-322, September.
    • Handle: RePEc:vrs:ecoreg:v:15:y:2022:i:3:p:304-322:n:4
    DOI: 10.2478/ers-2022-0021
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    More about this item

    Keywords

    green economic development; green finance; green investments;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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