Land capital and emissions convergence in an extended Green Solow model

Abstract

The main purpose of this paper is to analyze the contribution of land capital to the growth of emissions and income per capita in the long run. We collect new satellite data from the Earth Observatory to obtain estimates of the Enhanced Vegetation Index at the country level for the period 2000–2015. We use these data and the World Bank wealth estimates of natural capital to calibrate and empirically test an extension of the Green Solow model with land degradation and land capital investment. We show that the model is consistent with the cross-country variation in growth rates of carbon emissions per capita and find that there is convergence at the global level, with the contribution of land capital investment to the growth of emissions being negative and significant in all specifications.

Environment and Growth Sustainability: An Empirical Analysis of Extended Solow Growth Model

“…According to Guilló and Magalhaes (2018), rendering economic cyst attuned with the preservation of the environment is a major problem for industrialized societies as well as a requirement for maintaining the lives of the masses in emerging economies today. They expanded the Green Solow model by including land deterioration as an inevitable result of commerce and an investment input for land.…”

“…This model derivation is based on Romer (2012) and Guilló and Magalhaes (2018) models. This new model is derived below.…”

Analysis of the Low-Carbon Transition Effect and Development Pattern of Green Credit for Prefecture-Level Cities in the Yellow River Basin

“…The theoretical model between financial support and sustainable development was first proposed by Bovenberg [16] and has since been further developed by subsequent scholars [17][18][19]. In brief, sustainable financial products such as green credit can influence regional low-carbon transitions through three theoretical channels: Firstly, financial insti- This paper is organized as follows.…”

“…The theoretical model between financial support and sustainable development was first proposed by Bovenberg [16] and has since been further developed by subsequent scholars [17][18][19]. In brief, sustainable financial products such as green credit can influence regional low-carbon transitions through three theoretical channels: Firstly, financial institutions can use green credit to raise the credit threshold, which can curb the excessive development of highly dyed industries and avoid the severity of environmental pollution problems, thus achieving the harmonious development of economy and environment.…”