Abstract
Green growth is considered as healthy sign for any country in the world. With growing
pollution and other health issues now it is considered as burning issue, either to save our
natural resources or the cost should be paid in case of over or unrealistic consumption of
resources. This study has been carried with real intension to investigate the role of fdi, R
&D and trade openness on green economic growth of OECD countries. Developed
economies are open for foreign direct investment, more liberal trade policies and ready to
adopt technological innovations, all that causes to bring rapid environmental changes in
these nations and continuously increasing level of heat in the atmosphere of these
economies. No doubt these countries are attaining high speed of growth at high level of
CO2 in the atmosphere. Therefore, this study is conducted to identify the factors that can
affect green economic growth. Data is extracted from world development indicator from
1991-2018 where results depict that FDI (Foreign Direct Investment) and trade openness
has significant and positive relationship with the emission of CO2 in air and has certain
association with green economic growth in short run as well as in the long run. Whereas
research and development cost has significant but negative relation with green growth of the
OECD countries. Policy makers should work on research and development if they are more
focused on green growth of the countries.
Mahwish Zafar , Shazia Kousar, Saeed Ahmad Sabir. (2019) Impact of Globalization on Green Growth: A Case of OECD Countries, Journal of Indian Studies, Volume 5, Issue 2.
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