Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP

Research Article
Open access

Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP

Chen Peilin 1*
  • 1 Henan University of Economics and Law    
  • *corresponding author CPLLL19544556235@163.com
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/43/20232135
AEMPS Vol.43
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-107-0
ISBN (Online): 978-1-83558-108-7

Abstract

Since the Industrial Revolution, global development and progress have caused serious environmental damage and resource consumption. It is not in line with the concept of sustainable development to measure the economic level solely by GDP. Therefore, GGDP was introduced as an alternative. To evaluate the global impact of GGDP replacing GDP, we have constructed a GGDP multiple linear regression model. This model takes into account GGDP in different countries at different times and incorporates multiple influencing factors. Additionally, we introduce the grey prediction model to demonstrate that GGDP can serve as a suitable measure of economic development level. This supports the idea that promoting GGDP is applicable on a global scale. Furthermore, we introduce five natural resource indicators and conduct a Spearman correlation analysis between GGDP, GDP, and these five natural indicators. To illustrate this, we take the United States, a representative developed country, as an example.

Keywords:

GGDP, sustainable development, multiple regression model, grey prediction

Peilin,C. (2023). Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP. Advances in Economics, Management and Political Sciences,43,97-110.
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References

[1]. Mincui Li, Jinzhu Hou. Research status and Countermeasures of green GDP [J]. Journal of Hebei Teachers University of Science and Technology,2005(02):62-65

[2]. Nan Li. Realistic dilemma and path choice of establishing green GDP2.0 accounting system [J]. Search,2015(10):29-33.

[3]. Shen X Y, Wang G H, Huang X J. Calculation and spatial-temporal pattern of green GDP in China from 1997 to 2013 [J]. Journal of Natural Resources,2017,32(10):1639-1650.

[4]. Wenyan Liu, Cuiwei Deng. Objective understanding of GGDP[J]. Shopping Mall Modernization,2007(33):46.

[5]. [Jia H, Yu X L. Non-monetization green GDP accounting system based on MCDM and numerical examples of six provinces and cities [J]. Journal of Arid Land Resources and Environment,2013,27(08):6-13.

[6]. X. Hongxian, “Influences Energy Consumption has on Green GDP Growth in China,” IOP Conf. Ser.: Earth Environ. Sci., vol. 113, p. 012125, Feb. 2018.

Cite this article

Peilin,C. (2023). Beyond GDP: A New Way of Sustainable Future Leaded by Green GDP. Advances in Economics, Management and Political Sciences,43,97-110.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN：978-1-83558-107-0(Print) / 978-1-83558-108-7(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.43
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Mincui Li, Jinzhu Hou. Research status and Countermeasures of green GDP [J]. Journal of Hebei Teachers University of Science and Technology,2005(02):62-65

[2]. Nan Li. Realistic dilemma and path choice of establishing green GDP2.0 accounting system [J]. Search,2015(10):29-33.

[3]. Shen X Y, Wang G H, Huang X J. Calculation and spatial-temporal pattern of green GDP in China from 1997 to 2013 [J]. Journal of Natural Resources,2017,32(10):1639-1650.

[4]. Wenyan Liu, Cuiwei Deng. Objective understanding of GGDP[J]. Shopping Mall Modernization,2007(33):46.

[5]. [Jia H, Yu X L. Non-monetization green GDP accounting system based on MCDM and numerical examples of six provinces and cities [J]. Journal of Arid Land Resources and Environment,2013,27(08):6-13.

[6]. X. Hongxian, “Influences Energy Consumption has on Green GDP Growth in China,” IOP Conf. Ser.: Earth Environ. Sci., vol. 113, p. 012125, Feb. 2018.

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