On Measurements of Green Economy: Sustainable Economic Growth, Steady State and Social Discount Rate
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This article analyzes green economics as an alternative doctrine to the concept of economic growth in the theory of traditional economics. The article will bring basic existing theoretical views on both directions and consider how consistent or divergent they are. As a measure of population well-being and economic growth, it is indicated that the results differ depending on what exactly units are selected. The social discount method was used as the main methodology. To measure the green economy quantitatively and qualitatively, a conclusion is made according to the results that are characteristic through the analysis of statistical indicators, which are directly and indirectly related.
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Green growth, social welfare, eco-investing, eco-friendly goods, steady state, social discount rate, opportunity cost, antigrowth, human capital.
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