Developing countries generally see a close relationship between technology and economic development and look for technology transfer by means of networking, foreign direct investment, joint ventures or licensing of technology. Holtz-Eakin, D., Newey, W., & Rosen, H. S. (1988). As developing nations become wealthier, we can expect to see a convergence of environmental performance that approaches the progress of the United States and other western nations. | Green Economy Inventory for South Africa The Green Economy Inventory for South Africa, undertaken by the inter-agency UN initiative, Partnership for Action on Green Economy (PAGE), in collaboration with the South African Government, takes stock of green economy initiatives that are being implemented by a wide range of development partners in both the public and private sector in South Africa. The economic growth concept is included in economic development and it is based, especially, on gross domestic product. Barbier, E. B. ve Amb.San.Tic.Ltd.Şti. The environmental impact of technology is exactly backward from what the Ehrlichs' equation suggests. . WTTC (World Travel & Tourism Council) Benchmark Reports. (1987). The effects of Turkish tourism on macroeconomic indicators. The world fertility rate has fallen by nearly half since 1960, from 5.58 to 2.75, and with it the global rate of population growth, from 2.07 percent in 1967 to 1.33 percent in 1998. Google Scholar. Arellano, M., & Bond, S. (1991). Cite as. The stabilization of world population can be expected as the rest of the world grows more affluent. | Kültür ve Turizm Bakanlığı, Ekspres Ofset Mat. (2007). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. (2009). On the other hand, the sustainable development model is a multidisciplinary concept and it relies on reducing resource consumption, … | Yet Daly and many others take a dimmer view, arguing that the imperative of sustainable development requires "steady state" economics, which would include zero population growth, centralized command of natural resources, and controls on individual incomes and personal wealth. Pressroom This paper presents the sustainable development concept which is described through its three dimensions (social, economic, environmental). However, in present-day society, although we recognize our dependence on the earth's resources its water, oxygen and other natural elements perhaps we do not recognize the connection between the economy and the earth. This study analyzes the relationship between the utilization of natural capital and economic development in the countries along China's “Belt and Road” initiative using a panel regression model. Levin, A., Lin, C. F. J., & Chu, C. S. (2002). Kruja, A. (2017). Google Scholar. Assessing the sustainability of business and CSR (pp. Sustainability remains the vital long-term goal, but the Green Economy is describing a pathway to sustainable development. The relationship between the environment and economic development may be accessed from two different points of view. Sustainable economic development is defined as development which ensures that the utilization of resources and the environment today does not damage prospects for their use by future generations. Publications In. Gümüşhane Üniversitesi Yayınları Yayın No: 28, T.C. Estimating vector autoregressions with panel data. Based on the analyses of the relationship between ecological issues and economic development, some strategies and suggestions to restore the ecosystem and foster economic growth and development in the Xinjiang region were proposed. 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