Determinants of green growth in developed and developing countries

Environmental Science and Pollution Research

38 Pages Posted: 24 Mar 2021

See all articles by Vincent Tawiah

Vincent Tawiah

University of Mysore - Department of Commerce; Griffith University; University of Cape Coast; Dublin City University Business School

Abdulrasheed Zakari

Beijing Institute of Technology

Festus Adedoyin

Bournemouth University - Business School, Students

Date Written: March 23, 2021

Abstract

Considering the need for environmental sustainability while ensuring economic growth and development by 2030, this study uses data on 123 developed and developing countries to examine factors that influence green growth. The empirical results show that economic development positively influences green growth. However, trade openness is detrimental to green growth. Regarding energy-related factors, we find energy consumption negatively affecting green growth, but renewable energy consumption significantly improves green growth. In further analysis, we find that the influence of these factors differs between developed and developing countries. The result implies that countries at a different development level will require different strategies in achieving the Sustainable Development Goals in 2030. The results are robust to alternative identification strategies such as the System Generalised Method of Movement, which accounts for potential endogeneity

Keywords: Energy consumption, Green Growth, CO2 emissions, environmental quality

Suggested Citation

Tawiah, Vincent and Tawiah, Vincent and Zakari, Abdulrasheed and Adedoyin, Festus, Determinants of green growth in developed and developing countries (March 23, 2021). Environmental Science and Pollution Research, Available at SSRN: https://ssrn.com/abstract=3810667

Vincent Tawiah (Contact Author)

University of Mysore - Department of Commerce ( email )

Mysore
India

Griffith University ( email )

PMB 50
Gold Coast Queensland 9726
Australia

University of Cape Coast ( email )

PMB, UCC, GHANA
Cape Coast, Central Region PMB
Ghana

HOME PAGE: http://ucc.edu.gh

Dublin City University Business School ( email )

Dublin 9
Ireland

Abdulrasheed Zakari

Beijing Institute of Technology ( email )

School of Management and Economics
Center for Energy and Environmental Policy Researc
Beijing, 0000
China

Festus Adedoyin

Bournemouth University - Business School, Students ( email )

United Kingdom

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