Green Economy in Sustainable Development: An Analysis for OECD Countries

The understanding of the green economy, which is seen as the main strategy of sustainable development, is considered a remedy to eliminate the concerns between environmental concerns and economic goals. Therefore, measuring and considering the performance of countries in the context of the green eco...

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Main Authors: Adem Babacan, Mehmet Ali Polat, Oktay Kızılkaya
Format: Article
Language:English
Published: Istanbul University Press 2023-06-01
Series:İstanbul İktisat Dergisi
Subjects:
Online Access:https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/1F595995BB834352B5CD9D358E79F768
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author Adem Babacan
Mehmet Ali Polat
Oktay Kızılkaya
author_facet Adem Babacan
Mehmet Ali Polat
Oktay Kızılkaya
author_sort Adem Babacan
collection DOAJ
description The understanding of the green economy, which is seen as the main strategy of sustainable development, is considered a remedy to eliminate the concerns between environmental concerns and economic goals. Therefore, measuring and considering the performance of countries in the context of the green economy is important in terms of policies to be implemented. The aim of the study is to measure and evaluate the green economy performance of the 20 founding OECD countries. In this context, a green economy index covering the years 2014-2018 was calculated based on the numerical data of 23 variables, which are thought to represent three different dimensions of the green economy. The contributions of these criteria to the green economy were weighted with the SWARA Method, one of the multi-criteria decision techniques. Using the obtained criteria weights, the green economy performance scores of the countries were determined through the TOPSIS Method. According to the scores obtained, it can be stated that the green economy performances of the 20 founding OECD countries increased in the examined period. In this performance increase, positive developments in economic and social indicators have a large share.
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spelling doaj-art-5be3e0f7b79b4148a1963e29282d80102025-08-20T02:28:28ZengIstanbul University Pressİstanbul İktisat Dergisi2602-39542023-06-0173123126010.26650/ISTJECON2022-1191901123456Green Economy in Sustainable Development: An Analysis for OECD CountriesAdem Babacan0https://orcid.org/0000-0002-7349-7033Mehmet Ali Polat1https://orcid.org/0000-0001-9239-8228Oktay Kızılkaya2https://orcid.org/0000-0002-3412-5616Sivas Cumhuriyet Üniversitesi, Sivas, TurkiyeBursa Uludağ Üniversitesi, Bursa, TürkiyeMalatya Turgut Özal Üniversitesi, Malatya, TurkiyeThe understanding of the green economy, which is seen as the main strategy of sustainable development, is considered a remedy to eliminate the concerns between environmental concerns and economic goals. Therefore, measuring and considering the performance of countries in the context of the green economy is important in terms of policies to be implemented. The aim of the study is to measure and evaluate the green economy performance of the 20 founding OECD countries. In this context, a green economy index covering the years 2014-2018 was calculated based on the numerical data of 23 variables, which are thought to represent three different dimensions of the green economy. The contributions of these criteria to the green economy were weighted with the SWARA Method, one of the multi-criteria decision techniques. Using the obtained criteria weights, the green economy performance scores of the countries were determined through the TOPSIS Method. According to the scores obtained, it can be stated that the green economy performances of the 20 founding OECD countries increased in the examined period. In this performance increase, positive developments in economic and social indicators have a large share.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/1F595995BB834352B5CD9D358E79F768sustainable developmentgreen economyswaratopsisgreen economy index
spellingShingle Adem Babacan
Mehmet Ali Polat
Oktay Kızılkaya
Green Economy in Sustainable Development: An Analysis for OECD Countries
İstanbul İktisat Dergisi
sustainable development
green economy
swara
topsis
green economy index
title Green Economy in Sustainable Development: An Analysis for OECD Countries
title_full Green Economy in Sustainable Development: An Analysis for OECD Countries
title_fullStr Green Economy in Sustainable Development: An Analysis for OECD Countries
title_full_unstemmed Green Economy in Sustainable Development: An Analysis for OECD Countries
title_short Green Economy in Sustainable Development: An Analysis for OECD Countries
title_sort green economy in sustainable development an analysis for oecd countries
topic sustainable development
green economy
swara
topsis
green economy index
url https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/1F595995BB834352B5CD9D358E79F768
work_keys_str_mv AT adembabacan greeneconomyinsustainabledevelopmentananalysisforoecdcountries
AT mehmetalipolat greeneconomyinsustainabledevelopmentananalysisforoecdcountries
AT oktaykızılkaya greeneconomyinsustainabledevelopmentananalysisforoecdcountries