Nothing Special   »   [go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Green Economy as a Labor Productivity Factor in the Manufacturing Industry of European Union Countries

Vladislav Rutskiy and Maria V. Osipenko ()
Additional contact information
Maria V. Osipenko: Siberian Federal University, Krasnoyarsk 660041, Russian Federation

Finansovyj žhurnal — Financial Journal, 2020, issue 4, 69-84

Abstract: These days many countries declare saving natural resources and reducing anthropogenic pressure on the environment as being among their national priorities. They place importance on sustainable development and the transition to a green economy model. However, the problem of assessing the effectiveness of the green economy and the competitiveness of related technologies is still open to debate. The paper examines approaches to measuring the green economy and presents an empirical analysis of the relationship between labor productivity in the manufacturing industry and green economy factors for a number of European Union countries, characterized by high performance in the global rankings of the green economy. Studying approaches to the identification and measurement of the green economy, the authors identify trends in the realization of a new environmentally sustainable development model in the countries of the European Union and the dynamics of key indicators of the green economy. The paper develops an empirical correlation and regression model that defines, along with other factors, the influence of green economy factors on labor productivity in manufacturing. An assessment of the model specification based on panel data from the manufacturing industries of seven European countries shows a significant positive effect of investment in equipment and plant for pollution control on labor productivity in the industry. The results indicate the relevance of further studies, in particular, the possible attractiveness of private investment in the formation of a green economy in various sectors of the economy in both developed and developing countries.

Keywords: green economy; labor productivity; sustainable development; government support; investments in green technology; empirical model; industrial data (search for similar items in EconPapers)
JEL-codes: C33 O44 Q56 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.finjournal-nifi.ru/images/FILES/Journa ... ii/05_4_2020_v12.pdf (application/pdf)

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:fru:finjrn:200405:p:69-84

DOI: 10.31107/2075-1990-2020-4-69-84

Access Statistics for this article

Finansovyj žhurnal — Financial Journal is currently edited by Vladimir S. Nazarov

More articles in Finansovyj žhurnal — Financial Journal from Financial Research Institute, Moscow 125375, Russia Contact information at EDIRC.
Bibliographic data for series maintained by Gennady Ageev ().

 
Page updated 2024-12-28
Handle: RePEc:fru:finjrn:200405:p:69-84