Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 43 , 10 November 2023


Open Access | Article

Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP

Chen Peilin * 1
1 Henan University of Economics and Law

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 43, 97-110
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Chen Peilin. Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP. AEMPS (2023) Vol. 43: 97-110. DOI: 10.54254/2754-1169/43/20232135.

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

1. Mincui Li, Jinzhu Hou. Research status and Countermeasures of green GDP [J]. Journal of Hebei Teachers University of Science and Technology,2005(02):62-65

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.

4. Wenyan Liu, Cuiwei Deng. Objective understanding of GGDP[J]. Shopping Mall Modernization,2007(33):46.

5. [Jia H, Yu X L. Non-monetization green GDP accounting system based on MCDM and numerical examples of six provinces and cities [J]. Journal of Arid Land Resources and Environment,2013,27(08):6-13.

6. X. Hongxian, “Influences Energy Consumption has on Green GDP Growth in China,” IOP Conf. Ser.: Earth Environ. Sci., vol. 113, p. 012125, Feb. 2018.

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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated