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Impact of Green Technologies Adoption on Economic Growth in European Countries

Student: Petrovicheva Anastasia

Supervisor: Igor A. Makarov

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Master)

Year of Graduation: 2018

This work is devoted to the analysis of the impact that "green" technologies have on economic growth in European countries. The problem is considered within the framework of the concept of decoupling. Its relevance arises from the uncertainty regarding the justification of the introduction of "clean" technologies, not only for the sake of reducing environmental problems, but also for stimulating the economy. Within the framework of the research, such concepts as "sustainable development", "green economy" and "green growth" were considered. Moreover, the main motives of the government and companies for the introduction of "green" technologies are explained. Regression analysis was conducted in order to evaluate te relation between economic growth and “green” technology implementation. In order to receive more specific results, sector of renewable energy was also considered.

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