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A Study of GGDP Transition Impact on the Sustainable Development by Mathematical Modelling Investigation

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  • Nuoya Yue

    (School of Economics and Trade, Hunan University, Changsha 410006, China
    School of Business and Management, Queen Mary University of London, London E1 4NS, UK)

  • Junjun Hou

    (School of Economics and Trade, Hunan University, Changsha 410006, China
    School of Economics and Trade, Hunan University of Technology and Business, Changsha 410205, China)

Abstract

GDP is a common and essential indicator for evaluating a country’s overall economy. However, environmental issues may be overlooked in the pursuit of GDP growth for some countries. It may be beneficial to adopt more sustainable criteria for assessing economic health. In this study, green GDP (GGDP) is discussed using mathematical approaches. Multiple dataset indicators were selected for the evaluation of GGDP and its impact on climate mitigation. The k-means clustering algorithm was utilized to classify 16 countries into three distinct categories for specific analysis. The potential impact of transitioning to GGDP was investigated through changes in a quantitative parameter, the climate impact factor. Ridge regression was applied to predict the impact of switching to GGDP for the three country categories. The consequences of transitioning to GGDP on the quantified improvement of climate indicators were graphically demonstrated over time on a global scale. The entropy weight method (EWM) and TOPSIS were used to obtain the value. Countries in category 2, as divided by k-means clustering, were predicted to show a greater improvement in scores as one of the world’s largest carbon emitters, China, which belongs to category 2 countries, plays a significant role in global climate governance. A specific analysis of China was performed after obtaining the EWM-TOPSIS results. Gray relational analysis and Pearson correlation were carried out to analyze the relationships between specific indicators, followed by a prediction of CO 2 emissions based on the analyzed critical indicators.

Suggested Citation

  • Nuoya Yue & Junjun Hou, 2024. "A Study of GGDP Transition Impact on the Sustainable Development by Mathematical Modelling Investigation," Mathematics, MDPI, vol. 12(19), pages 1-16, September.
    • Handle: RePEc:gam:jmathe:v:12:y:2024:i:19:p:3005-:d:1486682
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    References listed on IDEAS

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