earticle

영어

The green policies have actively been paid attention to as the green growth is one of global issues from the economic and environmental perspectives. This paper analyzes the green productivity growth index for the OECD countries over the period 1991-2009 in order to explore the trajectory of the green policy, aiming at effective policy implication. We used the macroeconomic and CO2 emissions indicators for the empirical investigation. We also decomposed the green productivity growth index into efficiency change and technical change indexes. The empirical results tell us that i) in a short term Korea needs to focus on catching up with the Northern European countries, and ii) in a long term she needs to spur the green innovation. We believe that this research is helpful for the policy makers to develope policies about the green growth.