Rule of law, corruption and transparency impacts on green growth of East Asian economies

Bibliographic Data

ID22236237
AuthorsWeiyu Gu (0009-0001-7338-8363, Central University of Finance and Economics), Weifeng Yan (Central University of Finance and Economics), Shenghua Yu (0000-0003-4859-3231, Central University of Finance and Economics, corresponding author), Shiqin Yu (0000-0003-3267-2760)
Year2024
Volume11
Issue1
Publication date2024-09-09
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueHumanities and Social Sciences Communications (JOURNAL)
Journal identifiersISSN: 2662-9992 • E-ISSN: 2662-9992
PublisherSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1057/s41599-024-03659-1
OpenAlexW4402346574
LanguageEN
Citations received4
References cited41

This paper highlights the necessity for nations to adopt green growth strategies to achieve economic prosperity, social equity, and environmental sustainability. By examining governance indicators in six East Asian economies from 1995 to 2021, it finds that a 1% increase in the rule of law boosts green energy deployment by 0.33%, while a 1% rise in corruption reduces it by 0.25%. Similarly, a 1% increase in transparency leads to a 0.45% rise in green energy. Higher income levels encourage green energy adoption, with a 1% increase in income resulting in a 0.19% boost, whereas a 1% rise in income inequality decreases deployment by 0.32%. The paper suggests policies to enhance the rule of law, promote transparent governance, reduce income inequality, and encourage inclusive growth to support green growth objectives

China · Development economics · East Asia · Economics · Economy · Language change · Political science · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Law · Philosophy

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