Why do growth rates differ? This paper surveys the recent empirical literature on economic growth, starting with a discussion of stylized facts, data problems, and statistical methods. Six research questions are emphasized, drawing on growth and convergence research. In answering these questions, the paper argues that efficiency has grown at different rates across countries, casting doubt on neoclassical models in which technology is a public good. The latter half of the paper rounds up a variety of findings before providing answers to all six questions, including a short summary of how differences in growth rates arise.

The New Growth Evidence

Prioritizing and overcoming biomass energy barriers: Application of AHP and G-TOPSIS approaches

Environmental impact of information and communication technology: Unveiling the role of education in developing countries

As the digital economy develops rapidly and the network information technology advances, new development models represented by the network economy have emerged, which have a crucial impact on green economic growth. However, the relevant previous studies lacked the role of analyzing the direct and indirect effects of internet development on green economic growth at the prefecture-level city level. For this purpose, this paper aims to examine the intrinsic mechanism of the impact of internet development on green economic growth and provide empirical support for cities and regions in China to increase internet construction. Furthermore, the mixed model (EBM), which includes both radial and non-radial distance functions, is applied to calculate the green economic growth index. Fixed effect model and mediation effect model are also employed to test influence mechanisms of the internet development on green economic growth using panel data of 269 prefecture-level cities in China from 2004 to 2019. The statistical results reveal that internet development has contributed significantly to green economic growth. When the internet development level increases by 1 unit, the green economic growth level increases by an average of 5.0372 units. However, regional heterogeneity is evident between internet development and green economic growth, that is, the promoting effect of internet development on green economic growth is gradually enhanced from the eastern region to the western region. We also find that internet development guides industrial structure upgrading improves environmental quality and accelerates enterprise innovation, which indirectly contributes to green economic growth. And internet development mainly achieves green economic growth through enterprise innovation. Based on the above findings, we concluded that policymakers should not only strengthen the guiding role of social actors to promote the stable development of the internet industry, but also foster the construction of the three models of “internet+industry integration,” “internet+environmental governance,” and “internet+enterprise innovation” to promote green economic growth.

Analysis of the mechanism of the impact of internet development on green economic growth: evidence from 269 prefecture cities in China

New Answers to an Old Question

The debate on the role of information and communication technology (ICT) in environmental sustainability remains a puzzle in empirical research. It is unclear whether ICT can help mitigate the afte...

Has information and communication technology improved environmental quality in the OECD? —a dynamic panel analysis

This study explored whether financial development and energy consumption affect environmental sustainability in Organization for Economic Cooperation and Development (OECD) countries. The empirical...

https://www.tandfonline.com/doi/pdf/10.1080/13504509.2021.1934179

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

A reevaluation of human capital accumulation and economic growth in OECD

The lack of agreement on climate policies among stock-market investors has raised significant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG emissions in Organization for Economic Co-operation and Development (OECD) countries. The study employs the panel-standard fixed effects and the Arellano-Bover and Blundell–Bond dynamic methods and shows that stock-investor confidence is critical for emissions reduction in OECD countries. Additionally, the results highlight the potential mechanism through which the stock market can influence emissions in the OECD countries. We recommend that investors re-evaluate the emissions criteria before selecting long stock portfolios. Additionally, there is a need for policymakers to promote the preservation of environmental quality by carefully redesigning policies for stock-market investments.

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Lawrence Ogbeifun

Papers

Has information and communication technology improved environmental quality in the OECD? —a dynamic panel analysis

The criticality of financial development and energy consumption for environmental sustainability in OECD countries: Evidence from dynamic panel analysis

A reevaluation of human capital accumulation and economic growth in OECD

Sustainable Blueprint: Do Stock Investors Increase Emissions?

Re-evaluating the impacts of green innovations and renewable energy on carbon neutrality: Does social inclusiveness really matters?