Green Economy in Sustainable Development: An Analysis for OECD Countries

Adem Babacan, Mehmet Ali Polat and Oktay Kizilkaya ()
Additional contact information
Adem Babacan: Assoc. Prof., Sivas Cumhuriyet University, Econometrics, Sivas, Turkiye
Mehmet Ali Polat: Bursa Uludag University, Economics, Bursa, Turkiye
Oktay Kizilkaya: Malatya Turgut Ozal University, International Trade and Finance, Malatya, Turkiye

Istanbul Journal of Economics-Istanbul Iktisat Dergisi, 2023, vol. 73, issue 73-1, 231-260

Abstract: The understanding of the green economy, which is seen as the main strategy of sustainable development, is considered a remedy to eliminate the concerns between environmental concerns and economic goals. Therefore, measuring and considering the performance of countries in the context of the green economy is important in terms of policies to be implemented. The aim of the study is to measure and evaluate the green economy performance of the 20 founding OECD countries. In this context, a green economy index covering the years 2014-2018 was calculated based on the numerical data of 23 variables, which are thought to represent three different dimensions of the green economy. The contributions of these criteria to the green economy were weighted with the SWARA Method, one of the multi-criteria decision techniques. Using the obtained criteria weights, the green economy performance scores of the countries were determined through the TOPSIS Method. According to the scores obtained, it can be stated that the green economy performances of the 20 founding OECD countries increased in the examined period. In this performance increase, positive developments in economic and social indicators have a large share.

Keywords: Sustainable development; Green economy; SWARA; TOPSIS; Green economy index JEL Classification: Q01; Q56; C44 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/71B7E88CC27F462CB88F41E4DFF7BD23 (application/pdf)
https://iupress.istanbul.edu.tr/en/journal/ije/art ... s-for-oecd-countries (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ist:journl:v:73:y:2023:i:1:p:231-260

DOI: 10.26650/ISTJECON2022-1191901

Access Statistics for this article

Istanbul Journal of Economics-Istanbul Iktisat Dergisi is currently edited by Gökhan Karabulut

More articles in Istanbul Journal of Economics-Istanbul Iktisat Dergisi from Istanbul University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Istanbul University Press Operational Team (Ertuğrul YAŞAR) ().