GGDP VS GDP, Who Win?

Abstract

GGDP is the core indicator in the integrated environmental-economic accounting system, which incorporates resource and environmental factors based on the current GDP... Specifically, GGDP deducts from GDP the cost of economic losses due to environmental pollution, natural resource degradation, low education, uncontrolled population size, and mismanagement. This indicator essentially represents the net positive effect of national economic growth. To promote the spread of GGDP and convince countries around the world to change the way they evaluate and compare their economies and promote policies and programs that are more beneficial to the health of the planet's environment, we need to clarify the pros and cons of GGDP and explain the beneficial effects and potential risks to economic life through mathematical models.