International Journal of Green Economics (7 papers in press)

Regular Issues

• Promoting an Environmental Awareness Center to enhance educational activities in Linaria port, Skyros  
  by Georgios Antonopoulos, Konstantina Skanavis 
  Abstract: With a view towards sustainable development via innovative communication strategies, this article examines the potential of establishing an Environmental Awareness Center (EAC) for sustainability on Skyros Island, Greece. The goal of the proposed EAC is to promote responsible environmental behavior and activate citizens in environmental decision-making. The focus of this work is an extensive literature review, attempting to collect all relevant information and research on education for sustainable development, stakeholder involvement on environmental decisions, and their commitment to environmentally responsible behavior, namely: exhibiting the sustainability principles of eco-villages and their role in environmental education processes and assessing the characteristics of existing EACs as innovative grounds for sustainability processes of effective environmental dissemination. An effort to estimate the value of eco-villages on further support of EACs ultimate goals is also discussed, incorporating elements of innovative design and construction, environmentally friendly technologies and communication calibration in an attempt to operate as a means of sustainable development in a specific geographic area.
  Keywords: environmental education; sustainability; communication; environmental awareness center; visitore education center; sustainable development;.
  
  
• SUGGESTED ADMINISTRATIVE MANAGEMENT ON GREEN PURCHASING BEHAVIOR IN VIETNAM  
  by Giao Ha 
  Abstract: This research aims at examining factors affecting green purchasing behavior in Vietnam, by interviewing 297 consumers who are over 18 at the beginning of 2018. Cronbachs Alpha, exploratory factor analyzing and linear multiple regressioning were used. The results show that there are three main factors affecting green purchasing behavior in Vietnam, arranged by reducing the importance: (1) green promotion activities, (2) information sources, and (3) price of green products. This is one of the first researches in Vietnam about this topic, and the research reveals some suggestions for businesses and governmental administrations to enhance green purchasing behavior.
  Keywords: green promotion activities; green purchasing behavior; information sources; price of green products; HoChiMinh City.
  
  
• The Growing Global Plastic Waste Problem Lessons for Environmental Economics Policy Design and Choice  
  by KWAMI ADANU 
  Abstract: Common environmental economics instruments often used in addressing waste problems have suffered paralysis when it comes to resolving the global plastic waste problem. This study illustrates the use of an Environmental Solutions Decision-making Tree (ESD-Tree), and a plastic waste market in reversing the problem. Several interesting results emerge. These include, banning non-recyclable plastic bags for which the unit cost per use of a close substitute, is less or equal to the unit cost per use of the plastic, provided production of the substitute generates at least as many jobs as the plastic bag. Next, the results revealed that producer-ran and public-ran centers introduced in the proposed plastic waste market work together to eliminate incentives for market participants to deviate from equilibrium market prices. The study derived an implementable second-best tax which internalizes plastic waste externalities, and provides an imperfect restoration of the social optimum in the plastic waste market.
  Keywords: Plastic Waste; ESD-tree; Second-Best; Tax; Market; Incineration.
  
  
• Testing the pollution haven hypothesis for CO2 emissions: A Common Correlated Effects (CCE) approach  
  by Joel Alejandro Rosado Anastacio 
  Abstract: The aim of this research is to investigate the pollution haven hypothesis (PHH) from fifteen countries, spanning the period 19702014, utilizing CO2 emissions as an indicator of air pollution. Moreover, we utilized gross domestic product (GDP), GDP square, energy consumption, fossil fuel energy consumption, foreign direct investment and trade openness as its main determinants. The evidence from panel cointegration methodologies indicates the existence of long run relationship between the variables. Moreover, GDP square, energy consumption and fossil fuel energy consumption have positive impact on CO2 emissions, while GDP, foreign direct investment and trade openness decrease emissions in the selected countries. This indicates that PHH holds in 3 out of the 15 countries. A number of policy recommendations were provided according to the results obtained.
  Keywords: CO2 emissions;Pollution haven hypothesis; CCE; FMOLS; DOLS.
  
  
• Market Expansion for Organic Food in India: Assessing the Costumers  
  by MOHD FARHAN 
  Abstract: Now a days customers are more inclined towards a healthy lifestyle and consumption of organic food. The purpose of this paper is to comprehend the buyer intension to pay a higher price. This study focused on purchasing habit of customers towards organic food. Primary data of 500 respondents were collected from different areas of Punjab state of India in 2018. To calculate the results, descriptive statistics, multiple regression and factor analysis were used. Results of the research show that health and food safety are the two most important motives behind the intention to pay a higher price.
  Keywords: health; environment; organic food; lifestyle; awareness; India.
  
  
• Environmental regulation and green investments: the role of green finance  
  by Pasquale Marcello Falcone 
  Abstract: A vibrant debate on the ways and timing characterizing the need to scale down the dependence of the current economic system on fossil fuels is attracting the attention of governments worldwide. A sustainable transition from a long-established regime, based on rooted production and consumption models, involves undertaking a wide array of challenges. Indeed, the transition towards sustainability is still recognized as having a high degree of complexity and uncertainty with respect the founding of required investment projects. In this regard, green finance can play a pivotal role in accelerating this transition so as to create the conditions to guarantee a level playing field between the traditional and green economy.
  Keywords: green investments; green finance; environmental innovation; regulation.
  
  
• A Circular Economy Approach for Sustainable Economic Development  
  by Soumyananda Dinda 
  Abstract: This paper focuses on the circular economy approach which is based on the principle of recycle of resources. It is an alternative to the existing linear economy that is based on the principle of take-make-dispose, which is unsustainable for economic growth due to limitation of resources in the world. This study especially set up a circular economy model for sustainable development in the frame work of endogenous economic growth incorporating waste as valuable stock for further production. The paper highlights (a) stock of waste accumulation, (b) dynamics of waste in closed-loop system, and (c) economic growth path. Recycling economic activities contributes in the economic development with reuse of resources without degrading environment. This paper tangentially provides empirical support to our model for sustainable development.
  Keywords: Circular Economy; Consumption; Economic Growth; Environmental Externality; Production; Sustainable Development; Recycle of Waste; Natural Resource.