PUBLIC INVESTMENT AS A MAIN DRIVER FOR GREEN ECONOMIC RECOVERY AFTER COVID-19

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Date

2022

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Publisher

2022 International Young Scholars' Conference

Abstract

Abstract The COVID-19 related green recovery research is characterized by positive and speculative potential scenarios, and this paper adds two additions to the literature. The COVIDcrisis has created a series of potentials ('permissive circumstances') that can be exploited, but the analysis of such possibilities also must take into account the activities and geopolitical events ('constructive circumstances') and those that preceded them ('crucial antecedents') that form the basis for the utilization of these possibilities. Analysis of three major nations' green recovery expenditure plans (China, Japan, and Russia from 2000-2020) using the differencein-difference model focuses on differences in size, industrial allocation, and execution options. Following China is Japan, which spends the most in both absolute and GDP-related terms. Spending in Russia is 43% lower than in China. Only 57% of Japan's financing goes toward new technology, but in Russia and China, the majority of funding goes into current industries (infrastructure, railroads, electric vehicles, hydrogen). Climate mitigation, employment, GDP development, efficiency and exporting, international competitiveness, local assistance, and social justice are only a few of the strategic variables that we use to explain national disparities. Various socioeconomic repercussions of the COVID crisis, pre-existing worries (e.g., severe joblessness, social and regional inequities), the economic significance of certain industries, and pre-existing climate change policy initiatives are all factors that influence these varied motives.

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Keywords

Green recovery, Speculative potential scenarios, socioeconomic repercussions, Covid-19, Difference-in- difference model, 2022 International Young Scholars' Conference, №11

Citation

H.B. Saydaliev , T. Kamzabek , Zh. N. Zhengis / PUBLIC INVESTMENT AS A MAIN DRIVER FOR GREEN ECONOMIC RECOVERY AFTER COVID-19 / 2022 International Young Scholars' Conference