Green Growth, Green Technology, and Environmental Health: Evidence From High-GDP Countries.

Zahid Hussain,Raymondo Sandra Marcelline Tsimisaraka,Bilal Mehmood,Muhammad Kaleem Khan

doi:10.3389/fpubh.2021.816697

Abstract

Green growth is an exceptional strategy for sustainable development. It provides a pathway to combat environmental issues and the use of natural resources. This study investigates the effects of green technology and environmental factors on green growth in high-gross domestic product (GDP) countries from 2000 to 2020. In addition, it also probes the linear and nonlinear effects of GDP on green growth. To do so, we employ an advanced econometric approach, e.g., a cross-sectional autoregressive distributed lags estimator for long and short runs. The outcomes demonstrate that the linear effect of GDP is positive for green growth. On the contrary, the nonlinear effect of GDP has a negative magnitude for green growth. Besides, green technology substantially increases green growth. Energy consumption is found to be an important influencer, and it decreases green growth. Environmental factors such as emissions, according to the findings, also reduce green growth in the sample countries. It is worth noting that the joint effects of energy consumption and emissions deteriorate green growth in countries. Based on empirical findings, for policy makers, this study suggests that high-GDP countries should manage their economic and environmental activities in order to increase the amount of green growth that may protect the ecological environment.

Highlights

The term “green growth” has been used to refer to ecological protection
This study investigates whether environmental factors and green technology affect green growth in high-gross domestic product (GDP) countries
Bi-causality between GDP GDPi,t, EMS EMSi,t, energy consumption (EC) ECi,t, and Green Growth GGRi,t are evident from results in Table 10 as both statistics are statistically significant at 1%

Summary

Introduction

The term “green growth” has been used to refer to ecological protection. An American marine biologist A British economist, namely Pierce, introduced the notion of “green economy” for the first time in 1989 with the publication of the “Green Economy Blue Book.” The author explains that natural resource depletion will cause economic growth to permanently stagnate if economic expansion exceeds the limit of available natural resources [1, 2]

Methods

Results

Conclusion