From Catch-Up to Transcend: The Development of Emerging Countries’ Green Economy

Table 1

Indicators’ definitions and resources.

Variable	Definition	References
Inputs
Capital	Gross capital formation in a country	[22, 31]
Labor	Employment in a country	[22, 31, 32]
Electricity	Annual electricity consumption	[31–34]
Crude oil	Annual crude oil consumption	[33, 35]
Water	Annual water consumption	[34, 36]
Desirable outputs
GDP	Annual market value of all the final goods and services	[25, 35]
Undesirable outputs
Solid wastes	Solid wastes generated annually	[36, 37]
Carbon dioxide	Carbon dioxide generated annually	[32, 37]