Green Growth - Lessons from Growth Theory

Smulders, Sjak; Withagen, Cees

doi:10.1596/1813-9450-6230

Cited by 7 publications

(5 citation statements)

References 30 publications

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“…Brand et al (2018) consider this as a way to define the natural rate of interest. For an excellent overview we refer the reader to Smulders et al (2012). This statement becomes clear once we recall the relationship between the real interest rate and marginal productivity = ( , ) / = .…”

Section: Why Government Bonds?mentioning

confidence: 95%

Natural Capital and Sovereign Bonds

Wang¹

2021

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Section: Why Government Bonds?mentioning

confidence: 95%

Natural Capital and Sovereign Bonds

Wang¹

2021

Policy Research Working Papers

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“…A consensus has developed that economic growth in any period cannot be achieved without the inputs of labour, capital, land and other factors and an increase in factor investment promotes continued economic growth only when it can also bring progress in technology [29]. Technological innovation is not only an important driving force of traditional total factor productivity but also the key to promoting green total factor productivity [30,31]. First, technological innovation can increase marginal products and improve resource utilisation in the production process [32,33].…”

Section: Driving Factors Of Green Economic Growthmentioning

confidence: 99%

Technology or Institutions: Which Is the Source of Green Economic Growth in Chinese Cities?

2021

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To relax the increasingly tight resource and environmental constraints on development, China needs to follow a pattern of growth that comprehensively encompasses economic growth, environmental protection, and resource conservation, namely, green economic growth. The key to achieving green economic growth is to improve green total factor productivity, of which technological innovation and institutional innovation are the primary driving forces. Based on the panel data of 266 cities in China from 2004 to 2018, this paper first uses the Directional Distance Function and Global Malmquist–Luenberger productivity index to measure the urban green total factor productivity to represent urban green economic growth; then, the impact of technological innovation and institutional innovation on urban green economic growth is studied by using the panel Granger causality test and SYS-GMM dynamic panel model. The results are described as follows: China’s urban green total factor productivity shows an increasing trend from 2004 to 2018, and the average growth rate of green total factor productivity is 3.27%, which is far lower than the average GDP growth rate of 9.14%; both technological innovation and institutional innovation can significantly promote the growth of the urban green economy, but institutional innovation has a greater role in promoting the growth of the urban green economy than technological innovation. In addition, the relationship between institutional innovation and urban green economic growth is more stable.

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“…We start with the traditional neo-classical production function from the theory of economic growth where volume y is produced with factor inputs labour (L), capital (K) and environment-or in practical cases energy-(E), which is included as an additional factor input to account for environmental issues in the analysis (see e.g. Hallegatte et al 2012, Den Butter and Hofkes, 2001, 2006, Smulders and Withagen, 2012:…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Eco Efficiency and Circular Production: Cases from the Netherlands’ Eastern Region

Butter

Webers²

2017

Eco-Efficiency in Industry and Science

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This chapter discusses three case studies of circular production in the eastern region of the Netherlands, where the Dutch Hanse tradition of craftsmanship and family business links up with modernity and care for the environment. The main goal of the firms in our case studies is to prevent waste and to use recycled and non-fossil resources in their own production processes. Moreover, attention is paid to the circularity of the whole supply chain by acting as orchestrator of that chain. Government should support these firms by facilitating knowledge spill-overs, providing proper education and internalising the positive externalities that the strategies of these firms bring about in terms of the circular economy and sustainability.

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Green Growth - Lessons from Growth Theory

Cited by 7 publications

References 30 publications

Natural Capital and Sovereign Bonds

Natural Capital and Sovereign Bonds

Technology or Institutions: Which Is the Source of Green Economic Growth in Chinese Cities?

Eco Efficiency and Circular Production: Cases from the Netherlands’ Eastern Region

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