Policy Implications From Selected Countries for a Sustainable Future of the Society Through Green Entrepreneurship and Economic Development

Abstract

Green entrepreneurship (GE) seems optimistic to increase sustainable future of the society. Though, it is difficult to measure GE due to its multiple interaction with green activities and practices in the production sectors. This chapter, therefore, creates a green entrepreneurship index (GEI) as an integration of 43 variables which help to increase GE. Composite Z-score method is applied to develop GEI for selected 34 countries during 2000 - 2019. Accordingly, it describes the relative progress of these countries in GE in different time periods. It also observes a causal relationship between GE and ED using a Cobb-Douglas production approach. This chapter provides several policy proposals to increase ED, GE, green growth, and green GDP. It also claimed that GE will be favorable to increase green development and sustainable future of society in global countries.