The path to green growth in OECD economies: The role of energy transition and education

Cheng Liu, Hemachandra Padhan, Vijaya Rekha and Giray Gözgör

Energy Economics, 2025, vol. 145, issue C

Abstract: This study employs various estimation methods to examine the determinants of green gross domestic product (GDP) across 36 Organisation for Economic Co-operation and Development (OECD) countries from 1990 to 2019. The findings indicate that energy transition significantly promotes green GDP. The gross fixed capital formation also substantially enhances green GDP. School enrolment (secondary and tertiary) positively influences green GDP in the OECD economies. These results suggest the need for tailored policy interventions considering energy transition, education, and physical capital investment to foster a greener economy. The study underscores the importance of customised strategies to achieve sustainable development goals across the varied economic contexts of the OECD countries.

Keywords: Green GDP; Energy transition; Gross fixed capital formation; School enrolment; Sustainable development goals; OECD countries (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:145:y:2025:i:c:s0140988325002439

DOI: 10.1016/j.eneco.2025.108419

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