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Green Growth: Theory and Evidence

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  • Yongfu Huang
  • M. G. Quibria

Abstract

What are the major determinants of green growth? What role can the government play to promote green growth? To address these questions, this paper develops a simple Green Solow model that sheds light on the role of finance and technology in the process of green growth. The empirical section of the article augments this canonical green growth model to include structural variables relating to finance, technological development, trade openness, natural resource exploitations, and areas where the government can play an important role.

Suggested Citation

  • Yongfu Huang & M. G. Quibria, 2013. "Green Growth: Theory and Evidence," WIDER Working Paper Series wp-2013-056, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-056
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    Cited by:

    1. Zhao, Jun & Dong, Kangyin & Dong, Xiucheng & Shahbaz, Muhammad & Kyriakou, Ioannis, 2022. "Is green growth affected by financial risks? New global evidence from asymmetric and heterogeneous analysis," Energy Economics, Elsevier, vol. 113(C).
    2. Busra Agan & Mehmet Balcilar, 2023. "Unraveling the Green Growth Matrix: Exploring the Impact of Green Technology, Climate Change Adaptation, and Macroeconomic Factors on Sustainable Development," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    3. You, Jing & Huang, Yongfu, 2013. "Green-to-Grey China: Determinants and Forecasts of its Green Growth," MPRA Paper 57468, University Library of Munich, Germany, revised 16 Jul 2014.
    4. Melfi Alrasheedi & Abbas Mardani & Arunodaya R. Mishra & Dalia Streimikiene & Huchang Liao & Abdullah H. Al‐nefaie, 2021. "Evaluating the green growth indicators to achieve sustainable development: A novel extended interval‐valued intuitionistic fuzzy‐combined compromise solution approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(1), pages 120-142, January.
    5. De Pascale, Gianluigi & Romagno, Anna, 2024. "Globalization and ICT capital endowment: How do they impact on an inclusive Green Growth Index?," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 463-474.

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