Is it worthwhile to implement the reform in green GDP accounting?---- Analysis From an ARMA-based Model

Abstract

Compared with the internationally accepted national income accounting method, green GDP takes environmental governance and protection costs into account economic indicators, which is of great significance to the new era of sustainable development. On the premise of comprehensive consideration of economic and environmental benefits, we predict the green GDP growth curve after the reform through the time series method. We find that the reform of accounting methods can indeed promote sustainable development and have a more positive impact on economic development itself.