Bibliographic Details
| Title: |
GREEN PRODUCTION, GREEN FINANCE AND ECONOMIC GROWTH: A SURVEY OF THE THEORETICAL APPROACH. |
| Authors: |
Goldman, Sarah, Nenovsky, Nikolay, Jandah, Maya, Zhelyazkova, Virginia, Shouyi Zhang |
| Source: |
VUZF Review; 2024, Vol. 9 Issue 2, p26-45, 20p |
| Subject Terms: |
FINANCIAL inclusion, NATURAL resources, SUSTAINABLE development, ECONOMIC expansion, ECONOMIC surveys |
| Abstract: |
The paper examines the relationship between sustainable concerns (in terms of production and finance) and endogenous growth. First, we start with the pioneering exogenous growth models since they are flexible enough to introduce ecological matters. Indeed, within a Solow (1956) tri-factor production function framework, the introduction of a third input has shed light on the opportunities to converge towards a sustainable growth. By sustainable, we mean all actions aiming at promoting growth and protecting the planet (UN Sustainable Development Goals). To complete this study scope, we introduce the natural resource variables and inclusive finance as endogenous growth models. We present the simplest model called AK and then we extent the analysis to more sophisticated approaches. All models have concluded that the production activity ought to be greener. However, it is possible the production sectors turn greener, but only under the condition the finance is green as well. [ABSTRACT FROM AUTHOR] |
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| Database: |
Complementary Index |
