Determinants of green growth in developed and developing countries
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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.
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- Authors
- Tawiah, V., Zakari, A., & Adedoyin, F. F.
- Affiliations
- Dublin City University (IE)
- Beijing Institute of Technology (CN)
- Bournemouth University (GB)
- Corresponding author
- Adedoyin, Festus Fatai
- Venue
- Environmental Science and Pollution Research
- Published
- 2021-03-22
- Volume
- 28
- Issue
- 29
- Pages
- 39227-39242
- ISSN
- 0944-1344 (ISSN-L)
- 1614-7499
- PMC
- PMC8310487
- OpenAlex
- W3136596464
- Cited by
- 244
- References
- 69
- Citations by year
- 2026: 36 · 2025: 57 · 2024: 55 · 2023: 55 · 2022: 34 · 2021: 7
- FWCI
- 28.76
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Locations
- Environmental Science and Pollution Research (publishedVersion, cc-by)
- PubMed Central (publishedVersion, cc-by)
- PubMed (publishedVersion)
- Bournemouth University Research Online (Bournemouth University) (submittedVersion)
- SSRN Electronic Journal (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Sustainable Development and Environmental Policy
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Sustainable Development and Policies
- Keywords
- green growth, economic development, trade openness, energy consumption, renewable energy consumption, developed and developing countries, Sustainable Development Goals, environmental sustainability, cross-country determinants
- MeSH terms
- Carbon Dioxide, Developing Countries, Investments, Economic Development, Renewable Energy
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