EVALUATION INDEX SYSTEM OF GREEN INDUSTRY BASED ON MAXIMUM INFORMATION CONTENT

Bin Meng () and Guotai Chi
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Bin Meng: Faculty of Management and Economics, Dalian University of Technology, Dalian 116024, P. R. China
Guotai Chi: Faculty of Management and Economics, Dalian University of Technology, Dalian 116024, P. R. China

The Singapore Economic Review (SER), 2018, vol. 63, issue 02, 229-248

Abstract: Green industry evaluation is a necessary part in the development of low-carbon economy and achieve sustainable development in the economic, social and ecological environment. Establishing a system of reasonable indicators is the key to green industry evaluation. From the connotation of green industry, this paper chooses green industry evaluation indicators with the extensive inclusion of green production, green consumption and green environment. Based on the principle of the maximum information content and the principle of eliminating redundant information, it establishes the evaluation indicators system of green industry. The proposed index system exhibits universal features of selection methods. Furthermore, the indexes of green industry formulated by authorities, such as EMCA, and designed for cities, such as Beijing and Shanghai in China, are described in terms of mass-elected indexes; these indexes can also provide important reference for green industry development in other similar cities, particularly coastal cities.

Keywords: Green industry evaluation; index screening; maximum information content; index system (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S0217590817400094

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