Green Growth in the OECD Countries: A Multivariate Analytical Approach

Beata Gavurova, Silvia Megyesiova and Matej Hudak
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Beata Gavurova: Center for Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlín, 760 01 Zlín, Czech Republic
Silvia Megyesiova: Faculty of Business Economy, University of Economics in Bratislava, 041 30 Košice, Slovakia
Matej Hudak: Faculty of Business Economy, University of Economics in Bratislava, 041 30 Košice, Slovakia

Energies, 2021, vol. 14, issue 20, 1-20

Abstract: Green growth is about merging environmental and social protection with economic growth. The OECD countries follow the progress toward greening though a set of indicators. The aim of the study is to analyze the condition and development of the OECD countries using a set of green growth indicators. The univariate and multivariate statistical approach was used to identify the main features of green growth development in two time spans. The achieved success of the OECD countries toward the green growth was measured from period 1 (years 2000–2009) to period 2 (years 2010–2019). For stimulant indicators, an increase was achieved, while for the destimulant variables, a decrease was reached between the analyzed periods. CO 2 productivity increased by more than 31%, material productivity by 25%, and the energy productivity by nearly 21%. From the ecological point of view, a positive sign was achieved by an intensive increase of the percentage of municipal waste treatment by recycling or composting. The real GDP increased between periods in each of the OECD countries, except in Greece. The destimulant indicators decreased over time. The mortality declined by about 20% from exposure to ambient PM 2.5 and thus the welfare costs of premature death from exposure to PM 2.5 also declined. The decline of the mean population exposure to PM 2.5 by 12.5% on average for the OECD countries is a positive signal for environmental protection and public health of the OECD population. Some uncertainty exists as the municipal waste generated per capita decreased only slightly by 2%.

Keywords: green growth; OECD; productivity; intensity; exposure to ambient PM 2.5; municipal waste; public health; correlation; principal component analysis; cluster analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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