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Towards Green Growth: A Taxonomic Analysis Based on the Headline Indicators

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  • Armand Kasztelan

Abstract

Purpose: Based on headline indicators, green growth's aggregate indexes have been constructed for 28 EU countries (including the United Kingdom). This allowed creating a ranking of the countries and identifying the strengths and weaknesses of green growth both at the European and national levels. Design/Methodology/Approach: Research was carried out based on the taxonomic linear ordering method. The reference years 2013-2018 were chosen due to data availability for individual indicators on the OECD database. Findings: The analysis showed that Sweden features the highest level of green growth, while Estonia received the lowest rating. Generalizing the study results, it can be stated that the level of 'greening' growth in European Union countries is still low. Practical Implications: The research results fill in the existing information gap by providing an answer to the fundamental question: How can green growth be evaluated synthetically based on headline indicators? This also allows countries to identify areas where their performance is weak and prioritize their mitigation measures accordingly. Originality/Value: The proposed method advances the OECD approach by adding evaluation metrics to assess each country's performance relative to other jurisdictions by indicator and by a synthetic measure.

Suggested Citation

  • Armand Kasztelan, 2020. "Towards Green Growth: A Taxonomic Analysis Based on the Headline Indicators," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 749-759.
    • Handle: RePEc:ers:journl:v:xxiii:y:2020:i:special1:p:749-759
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    References listed on IDEAS

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    1. Armand Kasztelan & Anna Nowak & Joanna Hawlena, 2019. "Green Growth in Agriculture in the European Union: Myth or Reality?," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 35-48.
    2. Armand Kasztelan, 2017. "Green Growth, Green Economy and Sustainable Development: Terminological and Relational Discourse," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(4), pages 487-499.
    3. repec:prg:jnlpep:v:preprint:id:626:p:1-14 is not listed on IDEAS
    4. Alex Bowen & Cameron Hepburn, 2014. "Green growth: an assessment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(3), pages 407-422.
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    More about this item

    Keywords

    Green growth; sustainable development; taxonomic linear ordering method; EU countries.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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