Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 43 , 10 November 2023
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Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP
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Abstract
Since the Industrial Revolution, global development and progress have caused serious environmental damage and resource consumption. It is not in line with the concept of sustainable development to measure the economic level solely by GDP. Therefore, GGDP was introduced as an alternative. To evaluate the global impact of GGDP replacing GDP, we have constructed a GGDP multiple linear regression model. This model takes into account GGDP in different countries at different times and incorporates multiple influencing factors. Additionally, we introduce the grey prediction model to demonstrate that GGDP can serve as a suitable measure of economic development level. This supports the idea that promoting GGDP is applicable on a global scale. Furthermore, we introduce five natural resource indicators and conduct a Spearman correlation analysis between GGDP, GDP, and these five natural indicators. To illustrate this, we take the United States, a representative developed country, as an example.
Keywords
GGDP, sustainable development, multiple regression model, grey prediction
References
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2. Nan Li. Realistic dilemma and path choice of establishing green GDP2.0 accounting system [J]. Search,2015(10):29-33.
3. Shen X Y, Wang G H, Huang X J. Calculation and spatial-temporal pattern of green GDP in China from 1997 to 2013 [J]. Journal of Natural Resources,2017,32(10):1639-1650.
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-107-0
- ISBN (Online)
- 978-1-83558-108-7
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/43/20232135
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited