SUSTAINABLE JOURNEY: THE IMPACT OF GREEN ECONOMIC GROWTH THROUGH THE MONTE CARLO ALGORITHM IN BAYESIAN INFERENCE

Authors

DOI:

https://doi.org/10.18623/rvd.v22.n6.3968

Keywords:

Green Economic Growth, Financial Development, Sustainable Development, Bayesian Regression

Abstract

The transition of the economy from “brown” to “green” places green economic growth as an indispensable instrument in this process. However, research examining the impact of green economic growth on sustainable development remains limited. This study seeks to address this gap by investigating the influence of green economic growth on sustainable development in 50 countries during the period from 2004 to 2021. Using the Bayesian regression approach, the results show that green economic growth has a positive effect on sustainable development (0.148), reflecting the importance of green economic growth in enhancing sustainable development across countries. These findings emphasize the need to further promote green economic growth as a key strategic direction, and to strengthen and improve policies that support the long term development of a green economy toward the goal of sustainable development.

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Published

2025-12-15

How to Cite

Hai, N. V. (2025). SUSTAINABLE JOURNEY: THE IMPACT OF GREEN ECONOMIC GROWTH THROUGH THE MONTE CARLO ALGORITHM IN BAYESIAN INFERENCE. Veredas Do Direito, 22, e223968. https://doi.org/10.18623/rvd.v22.n6.3968

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Vol. 22 (2025): Veredas do Direito, v. 22, 2025

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