World Economics - Insight , Analysis and Data

World Economics - Measuring the World Economy
Green Stimulus, Green Recovery and Global Imbalances
Edward B. Barbier, World Economics, June 2010
This paper assesses the extent to which G20 green stimulus initiatives enacted during the 2008–9 recession have instigated a global ‘green recovery’, and how further green recovery policy initiatives by the G20 relate to concerns about chronic fiscal deficits and global imbalances. Implementing further green measures will require G20 economies to commit to increased public investments, new pricing policies, improving regulations, more aid disbursements and other policy changes. Although there may be concern that these additional initiatives could worsen the chronic fiscal deficits and structural imbalances, if properly enacted, such a green economic recovery strategy should help alleviate, rather than worsen, unstably large fiscal deficits, long-term real interest rate rises and inflation, and global imbalances.

Related thinking:
    Are There Limits to Green Growth?
Edward B. Barbier, World Economics, September 2015
    Measuring Natural Capital
Dariana Tani, World Economics, December 2014
    How to Reduce Carbon Emissions Equitably
Masud Ally and Wilfred Beckerman, World Economics, March 2014


Download paper


© Copyright World Economics Ltd. 2017