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Beyond GDP: Towards a Green Economy Index

Author

Listed:
  • Anton Nahman
  • Brian K. Mahumani
  • Willem J. de Lange

Abstract

Given the broad (economic, social and environmental) objectives of a green economy, and the limitations associated with mainstream measures of economic performance (such as gross domestic product), an alternative or expanded set of indicators is required for measuring progress toward a green economy. This article develops a composite index for measuring green economic performance, based on 26 indicators across the economic, social and environmental dimensions. The index will enable comparison of a country's green economic performance both over time and relative to other countries. Furthermore, the index is constructed in such a way as to allow for disaggregation (i.e. for scores on individual components to be seen at a glance), such that areas of specific concern can be easily identified and addressed, and progress in each area monitored over time. The index was tested on data from 193 countries, and the resulting country rankings were assessed.

Suggested Citation

  • Anton Nahman & Brian K. Mahumani & Willem J. de Lange, 2016. "Beyond GDP: Towards a Green Economy Index," Development Southern Africa, Taylor & Francis Journals, vol. 33(2), pages 215-233, March.
    • Handle: RePEc:taf:deveza:v:33:y:2016:i:2:p:215-233
    DOI: 10.1080/0376835X.2015.1120649
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    Cited by:

    1. Xianwang Lv & Yingming Zhu & Jiazhen Du, 2024. "Can Regional Integration Policies Enhance the Win–Win Situation of Economic Growth and Environmental Protection? New Evidence for Achieving Carbon Neutrality Goals," Sustainability, MDPI, vol. 16(4), pages 1-22, February.
    2. Alekna Rokas & Kazlauskienė Eglė, 2020. "Evaluation Indicators of Green Economic Development: The Case of the Baltic Countries," Economics and Culture, Sciendo, vol. 17(1), pages 150-163, June.
    3. Jendrzejewski, Błażej, 2020. "Bioeconomic modelling – An application of environmentally adjusted economic accounts and the computable general equilibrium model," Land Use Policy, Elsevier, vol. 92(C).
    4. Menghua Deng & Junfei Chen & Feifei Tao & Jiulong Zhu & Min Wang, 2022. "On the Coupling and Coordination Development between Environment and Economy: A Case Study in the Yangtze River Delta of China," IJERPH, MDPI, vol. 19(1), pages 1-20, January.
    5. Gülay KÜÇÜK & Betül YÜCE-DURAL, 2024. "Türkiye’s Green Economy Performance in Compliance with the European Green Deal: Assessment and Perspectives," Sosyoekonomi Journal, Sosyoekonomi Society, issue 32(60).
    6. Benhong Peng & Xingchao Zhang & Ehsan Elahi & Anxia Wan, 2022. "Evolution of spatial–temporal characteristics and financial development as an influencing factor of green ecology," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 789-809, January.
    7. Joanna Godlewska & Edyta Sidorczuk-Pietraszko, 2019. "Taxonomic Assessment of Transition to the Green Economy in Polish Regions," Sustainability, MDPI, vol. 11(18), pages 1-25, September.
    8. Natalia Vukovic & Vladimir Pobedinsky & Sergey Mityagin & Andrei Drozhzhin & Zhanna Mingaleva, 2019. "A Study on Green Economy Indicators and Modeling: Russian Context," Sustainability, MDPI, vol. 11(17), pages 1-13, August.
    9. Alejandro Padilla-Rivera & Sara Russo-Garrido & Nicolas Merveille, 2020. "Addressing the Social Aspects of a Circular Economy: A Systematic Literature Review," Sustainability, MDPI, vol. 12(19), pages 1-17, September.
    10. Uzma Ghafoor & Muhammad Ramzan Sheikh & Afsheen Baqir, 2023. "Green Growth, Environmental Quality, Energy Consumption Nexus in OECD Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 409-418.
    11. Alexey Bilgaev & Suocheng Dong & Fujia Li & Hao Cheng & Arnold Tulohonov & Erzhena Sadykova & Anna Mikheeva, 2020. "Baikal Region (Russia) Development Prospects Based on the Green Economy Principles," Sustainability, MDPI, vol. 13(1), pages 1-22, December.
    12. Nada Denona Bogovic & Zvonimira Sverko Grdic, 2020. "Transitioning to a Green Economy—Possible Effects on the Croatian Economy," Sustainability, MDPI, vol. 12(22), pages 1-19, November.
    13. Matteo Mazziotta & Adriano Pareto, 2019. "Use and Misuse of PCA for Measuring Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(2), pages 451-476, April.
    14. Saša Stjepanoviæ & Daniel Tomiæ & Marinko Škare, 2022. "A new database on Green GDP; 1970–2019: a framework for assessing the green economy," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 949-975, December.
    15. Aleksandra Jezierska-Thöle & Marta Gwiaździńska-Goraj & Małgorzata Dudzińska, 2022. "Environmental, Social, and Economic Aspects of the Green Economy in Polish Rural Areas—A Spatial Analysis," Energies, MDPI, vol. 15(9), pages 1-21, May.
    16. Viktor Pirmana & Armida Salsiah Alisjahbana & Rutger Hoekstra & Arnold Tukker, 2019. "Implementation Barriers for a System of Environmental-Economic Accounting in Developing Countries and Its Implications for Monitoring Sustainable Development Goals," Sustainability, MDPI, vol. 11(22), pages 1-35, November.

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