The impact of green economic recovery on economic growth and ecological footprint: A case study in developing countries of Asia

被引:59
作者
Chen, Shengming [1 ]
Wang, Fushuai [2 ]
Haroon, Muhammad [3 ]
机构
[1] Xiamen Univ, Sch Law, Xiamen 361005, Fujian, Peoples R China
[2] Qiannan Normal Univ Nationalities, Sch Marxism, Duyun 558000, Guizhou, Peoples R China
[3] Ghazi Univ, Dera Ghazi Khan, Pakistan
关键词
Economic growth; Green economic recovery; Urbanization; Natural resources; Correlated mutual influence mean group; Asia; ENERGY;
D O I
10.1016/j.resourpol.2023.103955
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Most countries prioritize economic policy that aims to achieve sustainable economic growth, as measured by Gross Domestic Product (GDP). However, economic development has led to a rise in the ecological footprint, which is a significant concern given that global warming and climate change are among the most pressing global challenges. This paper analyzes the impact of green economic recovery on the economic growth of developing Asian nations from 2000 to 2020, utilizing the correlated mutual influence mean group (CCE-MG) and Dumi-trescu and Hurlin (D-H) causality test. The study finds that in developed nations, urbanization (UR) and green economic recovery (GR) have a favorable influence on GDP. Conversely, in Asian developing nations, this impact is observed to be unfavorable. The impact of natural resources on GDP exhibited a contrasting outcome. The paper recommends prioritizing natural resource development to promote economic growth while enforcing environmental regulations to safeguard the environment.
引用
收藏
页数:11
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