1. Green growth and OECD countries: measurement of country performances through distance-based analysis (DBA)
- Author
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Kursad Derinkuyu and Seyithan Ahmet Ates
- Subjects
Sustainable development ,Economics and Econometrics ,Resource (biology) ,Public economics ,Geography, Planning and Development ,Measures of national income and output ,0211 other engineering and technologies ,Socioeconomic development ,02 engineering and technology ,010501 environmental sciences ,Management, Monitoring, Policy and Law ,01 natural sciences ,Investment decisions ,Resource productivity ,Economic indicator ,Green growth ,Economics ,021108 energy ,0105 earth and related environmental sciences - Abstract
When we measure countries’ socioeconomic development, the standalone National Income approach does not to reflect well-being of the citizens. An analysis of a country's welfare should consider the combination of different aspects such as economic indicators, environmental and resource productivity, and economic opportunities. In the light of these discussions, the concept of green growth arose as a contemporary approach to reframe the mainstream growth model and to re-evaluate many of the investment decisions in meeting agricultural, energy and water needs and the resource demands of economic development. This paper evaluates the green growth performance of OECD countries by applying the I-distance method by integrating the economic, social, and environmental aspects of countries’ performances simultaneously. Using multivariate I-distance approach, selected green growth indicators and numerous different variables have been synthesized into one value. According to our analysis, Sweden, Luxemburg, Norway and Denmark occupy the top places by their outstanding green performance. On the other hand, Mexico, Poland and Greece are placed at the bottom as a consequence of their relatively weak environmental performance.
- Published
- 2021
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