Using Laplace series and partial integration in valuing environmental assets and estimating Green GDP

Authors

  • Abdulgaffar Muhammad Department of Business Administration, Ahmadu Bello University, Nigeria https://orcid.org/0000-0003-3701-1160
  • Mohammed Bello Idris Department of Business Administration, Kaduna State University, Nigeria
  • Aisha Ahmad Ishaq Department of Business Administration, Kano State Polytechnic, Nigeria
  • Uwaisu Abubakar Umar Department of Computer Science, Modibbo Adamawa University, Nigeria

DOI:

https://doi.org/10.56556/jescae.v2i1.477

Keywords:

Environmental valuation, Green GDP, Laplace series, Partial integration, Natural resources, Ecosystem services

Abstract

This study proposes a novel method for valuing environmental assets and estimating Green GDP using Laplace series and partial integration. The method is based on the concept of environmental valuation and aims to provide a more accurate and comprehensive measure of economic growth that takes into account the value of natural resources and ecosystem services. The study begins by providing an overview of the key concepts and methods related to Laplace series and partial integration. It then explains the steps involved in applying the method to estimate Green GDP and presents the results obtained through the application of the proposed method. A comparison with existing methods is also provided, followed by a summary of the key findings and their implications for policy-making and investment decisions. The study concludes with suggestions for future research to further explore the potential of the proposed method and its impact on sustainable development. Overall, the study contributes to the existing literature on environmental valuation and provides a valuable tool for policymakers and investors to make more informed decisions that promote sustainable and equitable development.

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Published

2023-03-31
CITATION
DOI: 10.56556/jescae.v2i1.477

How to Cite

Muhammad, A., Idris, M. B., Ishaq, A. A., & Umar, U. A. (2023). Using Laplace series and partial integration in valuing environmental assets and estimating Green GDP. Journal of Environmental Science and Economics, 2(1), 55–60. https://doi.org/10.56556/jescae.v2i1.477

Issue

Section

Research Article