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Greening Prosperity Stripes across the Globe

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  • Alexander Mihailov

    (Department of Economics, University of Reading)

Abstract

This paper is motivated by the urgency of climate change mitigation and the crucial importance of communicating the need for it. Our approach relies on using a comparative visualization in colormap stripes for all countries across the globe that can easily be conveyed, compared and understood even by nonspecialists. It proposes a novel and simple measure of what is referred to as ‘greening prosperity stripes’ and defined as the ratio of real gross domestic product per capita to carbon dioxide emissions per capita, based on annual data from the World Bank since 1990. We illustrate our findings along various time-series and cross-section perspectives acknowledging that images and colors speak louder than words and affect emotionally, thereby hoping to raise awareness of the dangerous level of emissions and mobilize immediate climate policy action worldwide. Moreover, the greening prosperity indicator by country, possibly updated online every year, could be used to track progress toward the goal of net zero clearly and compellingly.

Suggested Citation

  • Alexander Mihailov, 2023. "Greening Prosperity Stripes across the Globe," Economics Discussion Papers em-dp2023-17, Department of Economics, University of Reading.
  • Handle: RePEc:rdg:emxxdp:em-dp2023-17
    as

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    File URL: https://research.reading.ac.uk/economics/wp-content/uploads/sites/87/2023/11/emdp202317.pdf
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    References listed on IDEAS

    as
    1. Brock, William A. & Taylor, M. Scott, 2005. "Economic Growth and the Environment: A Review of Theory and Empirics," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 28, pages 1749-1821, Elsevier.
    2. Josep Ferret Mas & Alexander Mihailov, 2021. "Green Quantitative Easing as Intergenerational Climate Justice: On Political Theory and Pareto Efficiency in Reversing Now Human-Caused Environmental Damage," Economics Discussion Papers em-dp2021-16, Department of Economics, University of Reading.
    3. Fernández-Amador, Octavio & Francois, Joseph F. & Oberdabernig, Doris A. & Tomberger, Patrick, 2017. "Carbon Dioxide Emissions and Economic Growth: An Assessment Based on Production and Consumption Emission Inventories," Ecological Economics, Elsevier, vol. 135(C), pages 269-279.
    4. Gene M. Grossman & Alan B. Krueger, 1995. "Economic Growth and the Environment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 353-377.
    5. Roberto J. Santill n-Salgado & Humberto Valencia-Herrera & Francisco Venegas-Mart nez, 2020. "On the Relations among CO2 Emissions, Gross Domestic Product, Energy Consumption, Electricity Use, Urbanization, and Income Inequality for a Sample of 134 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 195-207.
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    More about this item

    Keywords

    real GDP per capita; CO2 emissions per capita; greening prosperity stripes; data visualization; public awareness; climate change mitigation;
    All these keywords.

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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