THE PAKISTAN DEVELOPMENT REVIEW
Green Growth: An Environmental Technology Approach.
This research is focused on achieving green growth through an environmental technology approach. Developing environmental technology we examined four elements considering the enforcement of intellectual property rights (IPRs), research and development (R&D) expenditures, the size of the market capture by GDP and most importantly the environmental taxations. This study includes the 11 developed countries which are Austria, Australia, Canada, France, Japan, Finland, Germany, Sweden, U.K and U.S. Technology change can be better handled by panel data than by pure cross-section or pure time series. It can minimise the bias if we used the aggregate individuals or firms. Estimation techniques depend on short panel or long panel. This study used the Pooled Least Square estimation techniques like Fixed Effect Model (FEM) and random effect model (REM) for both balance period of 2000-2005 and unbalanced period from 1995-2005. The study concluded the policy formulation in making developed‘s climate resilient economies.