RETRACTED ARTICLE: Low-carbon economy modeling through triple bottom line framework

Weiqing Sun () and Xingkuan Yin ()
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Weiqing Sun: Wuxi Vocational Institute of Commerce
Xingkuan Yin: Wuxi Vocational Institute of Commerce

Economic Change and Restructuring, 2024, vol. 57, issue 3, No 4, 17 pages

Abstract: Abstract This study focuses on establishing a low-carbon economic model across 20 developing Asian economies using the triple bottom line (TBL) framework. Analyzing annual data from 2000 to 2021 reveals key insights. The Consumer Price Index (CPI) significantly impacts the Green Growth Index (GGI), with a 1% CPI increase associated with a 0.48% long-term and 0.36% short-term GGI decrease. Increased foreign direct investment (FDI) acts as a deterrent to GGI motivation, with a 1% rise linked to a 0.32% long-term and 0.25% short-term GGI decrease. Social variables show nuanced impacts, while environmental factors highlight carbon footprint as a barrier and forest land surface as a motivator. Recommendations include adopting a TBL-informed approach, addressing inflation, promoting sustainable FDI, prioritizing social development, and implementing measures to curb carbon emissions, alongside encouraging afforestation and conservation initiatives.

Keywords: Low-carbon economy goal; TBL framework; Green Growth Index; Asian developing economies (search for similar items in EconPapers)
JEL-codes: C23 O44 O53 Q58 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09693-y

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