Driving Investments Toward Sustainable Economic Growth in the People’s Republic of China

Hepburn, Cameron; Stern, Nicholas

doi:10.22617/wps190459-2

Cited by 4 publications

(6 citation statements)

References 14 publications

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“…where M refers to modernization output and G to governance capital, and , = 1,2, … , represents other forms of capital, such as physical, human, social and natural capital, as proposed by Stiglitz, Sen, and Fitoussi (2009) and Hepburn and Stern (2019). 4 Governance capital affects total factor productivity (A) and the accumulation of all other forms of capital because it determines the quality of resource allocation at all levels.…”

Section: A Conceptual Frameworkmentioning

confidence: 99%

“…To create a highly skilled, healthy, and flexible workforce, investment in human capital is absolutely essential. The PRC has long invested in the human capital of its people through health and education (Hepburn and Stern 2019).…”

Section: B Modernization Indicators and Capitalmentioning

confidence: 99%

“…Social capital is important because it is the foundation of a cohesive society and promotes good governance, which helps tackle inequality (Hepburn and Stern 2019). Therefore, social cohesion, a subcategory of civil society, and economic equity and social equity, two subcategories of inclusiveness, can be classified as social capital.…”

Section: B Modernization Indicators and Capitalmentioning

confidence: 99%

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Developing Modernization Indicators for the People’s Republic of China: Key Considerations and a Proposed Framework

Kim¹,

Park

Lee

2020

SSRN Journal

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This paper proposes an indicator to assess the progress being made in the modernization journey of the People's Republic of China (PRC). In doing so, it fills a gap. The paper applies the modernization indicator-structured on thematic categories, subcategories, and intersections-to the PRC, whose performance is compared with Organisation of Economic Co-operation and Development and G20 countries. The PRC's best score was for the functioning and efficiency of markets and the worst for inclusiveness. Here, it led a global trend for a weak performance on this measure of modernization. The paper examines four major policy implications from the modernization challenges facing the PRC: (i) economic governance reform to secure inclusive and sustained growth, which enhance social cohesion and stability; (ii) the governance building that will be needed to achieve the complex task of modernization; (iii) public sector reform should be guided by widely accepted values, such as transparency, accountability, efficiency, and providing high-quality public services; and (iv) the state, market, and civil society are all important stakeholders and players in the PRC's modernization process; furthermore, finding an effective division of labor and creating synergy among stakeholders will make PRC's modernization more successful and durable.

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Section: A Conceptual Frameworkmentioning

confidence: 99%

Section: B Modernization Indicators and Capitalmentioning

confidence: 99%

Section: B Modernization Indicators and Capitalmentioning

confidence: 99%

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Developing Modernization Indicators for the People’s Republic of China: Key Considerations and a Proposed Framework

Kim¹,

Park

Lee

2020

SSRN Journal

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“…Investment activity is one of the efforts to accelerate economic growth (Hepburn, 2019) sustainably.…”

Section: Introductionmentioning

confidence: 99%

Comparative Analysis of Indonesia Cities Sector Competitiveness: Case Study of Cities in North Sulawesi Province 2017-2021

Rorong

Maramis

Kansil

et al. 2023

oaijss

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The main problem in regional development lies in human and natural resources and is seen from the potential that exists and is owned in an area to increase the number and type of job opportunities for the community in the area itself. Economic development is a process. The process in question is a process that includes the formation of new institutions, the development of alternative industries, improving the capacity of the existing workforce to produce better products and services, identifying new markets, transferring knowledge, and developing new companies. This study aims to compare the competitiveness of the economic sectors of 4 cities in North Sulawesi province. The data used in this study are secondary data obtained based on available data and sourced from reports from the Central Bureau of Statistics. The data included in this research is gross domestic, regional product (GRDP) data at constant prices for 2017-2021. The objects are Manado, Tomohon, Bitung and Kotamobagu. By using the location quotient analysis method, shift share, and Klassen typology. The findings of the research show that the sectors that have competitiveness in the economy of 4 cities in North Sulawesi province are the processing industry, electricity and gas procurement, water procurement, waste management, waste and recycling, construction, wholesale, and retail trade; car and motorcycle repair, transportation and warehousing, provision of accommodation and food and drink, information and communication, financial and insurance services, company services, government administration, defense and compulsory social security and education services and health services. In conclusion, Manado is the city with the highest sector development and growth values compared to Tomohon, Bitung, and Kotamobagu.

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“…First, as part of sustainable consumption and production (SCP) which is a link between other important goals and makes the Sustainable Development Goals (SDGs) a close and bound network [1]. Secondly, it is most important as source of sustainable economic growth [2].…”

Section: Introductionmentioning

confidence: 99%

Green Taxonomy for Sustainable Production Across Countries

Dariah,

Rani,

Srisusilawati

2023

KSS

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The green taxonomy plays a central role in driving developments in sustainable finance, leading to the achievement of sustainable production goals in various countries. While some countries have already adopted a green taxonomy, others are in the process of developing one. This study aims to identify the countries that have implemented sustainable finance in different forms and to conduct a content analysis to compare and identify gaps in their green taxonomy implementations. The research reveals that several countries worldwide have embraced the green taxonomy as a crucial tool in advancing sustainable finance and promoting sustainable production. These countries generally have specific environmental goals, establish green finance-related institutional arrangements and financial products, and compile lists of economic sectors and activities covered under the green taxonomy. Key sectors addressed by the green taxonomy include agriculture, energy, manufacturing industries, and transportation. However, each country still maintains its unique approach to environmental protection efforts through the use of green taxonomy tools. Keywords: green taxonomy, sustainable finance, sustainable production

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Driving Investments Toward Sustainable Economic Growth in the People’s Republic of China

Cited by 4 publications

References 14 publications

Developing Modernization Indicators for the People’s Republic of China: Key Considerations and a Proposed Framework

Developing Modernization Indicators for the People’s Republic of China: Key Considerations and a Proposed Framework

Comparative Analysis of Indonesia Cities Sector Competitiveness: Case Study of Cities in North Sulawesi Province 2017-2021

Green Taxonomy for Sustainable Production Across Countries

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