‘Greening’ the GDP: A New International Database on Green GDP 1970-2019
This paper presents an updated and unique database of Green GDP indicators across countries and time that will allow many stakeholders to address a rich set of questions and relevant issues in green topics and development economics. It should enable governments, economic or environmental analysts and researchers to compare the level of socio-economic development and the structure of the environmental factors within the economic position of a specific country with other countries in the region or countries. Produced on the background of standard methodological algorithm, i.e. statistical approach of calculation, commonly used variables, and unbiased comparability with the GDP measurement, this database provides accurate information complementary to existing globally important databases, as it assures cross-country comparison and broad country coverage. The database also provides an extensive time series on Green GDP dynamics, as this information has not been previously easily available on cross-county scale for such an extended period. The new database currently covers 160 countries (ranging from underdeveloped to developed countries) on a yearly basis, and is presented in nominal value, hence could be easily transformed to its real values. Taken together, the database can thus provide a complete picture of the aggregated state of green economy aspirations. The implementation of this measurement framework is not influenced by the statistical capacity of a country, therefore, could be promoted to a standard statistical position that is a reliable, cost effective and resource efficient way of guiding sustainability issues across a diversity of economic and social policies. In that way, it becomes a consistent and easily accessible database. The originality of this database arises from the fact it bridged the research gap in economics, by developing a secure and dynamic dataset for Green GDP data storage, and by providing a facility for efficient processing of sustainability issues, as the accessibility of ‘green information’ will be no longer a problem.
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