Green Growth, Green Technology, and Environmental Health: Evidence From High-GDP Countries

Abstract

Green growth is an exceptional strategy for sustainable development. It provides a pathway to combat environmental issues and the use of natural resources. This study investigates the effects of green technology and environmental factors on green growth in high-gross domestic product (GDP) countries from 2000 to 2020. In addition, it also probes the linear and nonlinear effects of GDP on green growth. To do so, we employ an advanced econometric approach, e.g., a cross-sectional autoregressive distributed lags estimator for long and short runs. The outcomes demonstrate that the linear effect of GDP is positive for green growth. On the contrary, the nonlinear effect of GDP has a negative magnitude for green growth. Besides, green technology substantially increases green growth. Energy consumption is found to be an important influencer, and it decreases green growth. Environmental factors such as emissions, according to the findings, also reduce green growth in the sample countries. It is worth noting that the joint effects of energy consumption and emissions deteriorate green growth in countries. Based on empirical findings, for policy makers, this study suggests that high-GDP countries should manage their economic and environmental activities in order to increase the amount of green growth that may protect the ecological environment.

Does Public Health Influence Economic Performance? Investigating the Role of Governance and Greener Energies for the Case of China

“…Following Niu et al ( 8 ) and Hussain et al ( 21 ), this study constructed the following two models:…”

“…For the sustainable development of a country, green growth is an exceptional strategy. In their article, Hussain et al ( 21 ) investigated the impact of green technology and the environment on the gross domestic product (GDP) of the countries from the year 2000 to 2020. Their findings suggest that green technology has a substantial effect on green growth.…”

Belt and Road Environmental Implications for South Asia

“…Another study concluded that continues economic growth is not favorable to green growth ( 26 ). Raising how economic growth can occur in under-developed or South Asian countries of BRI can be favorable to green growth.…”

“…The industries installed at SEZs, automobiles, and other non-green emissions may have the same impact on green growth as those rich GDP countries ( 26 ). Then, imagine developing countries and their stagnant economies and the countries of South Asia which are already polluted countries ( 33 ).…”

“…BRI has direct and indirect impacts on the environment. The greenhouse gas emission from energy projects and transportation of infrastructure may generate more complex risks to the environment [( 2 ), p. 111], which has been concluded in the context of developed countries that emissions may reduce the sustainable development and natural resources ( 26 ).…”