Variable definitions and their measurements
| No. | Abbreviation | Variable | Measurement | Source |
|---|---|---|---|---|
| Dependent variable | ||||
| 1 | GEG | Green economic growth | GEG = GDP + EEXP – MDEP – FDEP – CEMI | WDI |
| Independent variables | ||||
| 2 | IQ | Institutional quality | Institutional quality index | WGI |
| 3 | NIC | National intellectual capital | National intellectual capital index | Vo & Tran (2025) |
| Control variables | ||||
| 4 | FD | Financial development | Broad money supply (per cent of GDP) | WDI |
| 5 | TR | Trade openness | Trade (per cent of GDP) | WDI |
| 6 | GVE | Government expenditure on education | Government expenditure on education (per cent of GDP) | WDI |
| No. | Abbreviation | Variable | Measurement | Source |
|---|---|---|---|---|
| 1 | Green economic growth | |||
| 2 | Institutional quality | Institutional quality index | ||
| 3 | National intellectual capital | National intellectual capital index | ||
| 4 | Financial development | Broad money supply (per cent of | ||
| 5 | Trade openness | Trade (per cent of | ||
| 6 | Government expenditure on education | Government expenditure on education (per cent of | ||
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.