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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.

Suggested Citation

  • Dinda, Soumyananda, 2013. "Inclusive Green Growth and Sustainable Development through Productive Consumption," MPRA Paper 50574, University Library of Munich, Germany, revised 09 Sep 2013.
    • Handle: RePEc:pra:mprapa:50574
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    Cited by:

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    2. Yanghong Wu & Xiaoliang Zhou, 2021. "Research on the Efficiency of China’s Fiscal Expenditure Structure under the Goal of Inclusive Green Growth," Sustainability, MDPI, vol. 13(17), pages 1-24, August.

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    More about this item

    Keywords

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

    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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