Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)

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GGDP Calculation and Application based on Shadow Prices

Authors
Bin Zou1, YiLiang Song1, *, HongJun An2, YouLin Li3
1School of International Business, Chengdu Institute Sichuan International Studies University, Chengdu, China
2School of Information Technology, Dalian Maritime University, Dalian, China
3School of Information Engineering, North China University of Water Resources and Electric Power, Zhengzhou, China
*Corresponding author. Email: song.yiliang@outlook.com
Corresponding Author
YiLiang Song
Available Online 29 October 2023.
DOI
10.2991/978-94-6463-270-5_37How to use a DOI?
Keywords
GDP; GGDP; climate environmental costs; shadow prices; climate mitigation
Abstract

As global climate and environmental issues continue to increase, Green Gross Domestic Product (GGDP) has become a more suitable indicator of economic health and development than Gross Domestic Product (GDP). This paper proposes a new climate-environment cost-based GGDP model in macro form, using shadow price that is more economically sound than existing GGDP models. We also introduce a new method called relation chain analysis to export the GGDP model to micro form. Our mathematical analysis predicts a positive impact of using our model on the global economy and climate.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
Series
Atlantis Highlights in Economics, Business and Management
Publication Date
29 October 2023
ISBN
978-94-6463-270-5
ISSN
2667-1271
DOI
10.2991/978-94-6463-270-5_37How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Bin Zou
AU  - YiLiang Song
AU  - HongJun An
AU  - YouLin Li
PY  - 2023
DA  - 2023/10/29
TI  - GGDP Calculation and Application based on Shadow Prices
BT  - Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
PB  - Atlantis Press
SP  - 335
EP  - 346
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-270-5_37
DO  - 10.2991/978-94-6463-270-5_37
ID  - Zou2023
ER  -