A new approach to measuring green GDP: a cross-country analysis

• DOI: 10.9770/jesi.2017.4.4(13)
• Publication Date: 2017-06-20T12:37:50Z
• Authors: Saša Stjepanović; Daniel Tomić; Marinko Škare
• Keywords: Technological innovations. Automation; Green GDP, sustainable economic growth, environment and development; HD45-45.2; 05 social sciences; 1. No poverty; 12. Responsible consumption; Environmental sciences; Lietuva (Lithuania); 13. Climate action; 0502 economics and business; 8. Economic growth; 11. Sustainability; GE1-350; Aplinkos apsauga / Environmental protection

While the gross national/domestic product (GNP/GDP) index is a highly reliable indicator that reflects economic performance of country, it still largely ignores depreciation assets, non-market economy and especially damages to environment caused by growth.Environmental sustainability growth has come be recognized as one most important pillars sustainable development.In order tackle many challenges so-called green development we try build new/alternative Green GDP should give us clearer perspective consequences progress offering new approach in quantifying cost ecological environmental degradation.The reviews through prism without speculating on how social trends will evolve these developments guide policy making years come.We are well conscious this cannot ideally reflect genuine status improvement national output, however, see an attempt encourage further discussions diverse range developing developed countries.The results reveal necessity for synergy between concepts, hence study seen opportunity, not obstacle equitable growth/development prospects.