“HOW GREEN INVESETMENTS CAN EFFECT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES”

“HOW GREEN INVESETMENTS CAN EFFECT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES”

Authors

  • Farangiz Ma’rufjonovna Pirmatova

DOI:

https://doi.org/10.5281/zenodo.17355473

Keywords:

green investments, sustainable development, economic growth, developing countries, green economy

Abstract

This article examines the impact of green investments on economic growth in developing countries. In the
context of increasing global environmental challenges, green investments—such as renewable energy, energy-efficient
technologies, and sustainable infrastructure—are becoming a key driver of long-term economic development. The
study analyzes the theoretical foundations of the green economy, exploring how environmentally friendly investments
contribute to sustainable production, job creation, and technological innovation. Using comparative data from several
developing countries, the paper highlights the positive correlation between green capital inflows and GDP growth, as well
as the improvement of social welfare indicators. The findings suggest that well-designed green investment policies can
help developing countries achieve a balance between economic expansion and environmental protection. The article
concludes with policy recommendations for enhancing green investment frameworks and encouraging private sector
participation to accelerate sustainable growth

Author Biography

Farangiz Ma’rufjonovna Pirmatova


PhD, Acting Associate Professor,
Department of Economics,
Renaissance Education University.

References

1. Saputra, M., Fattah, M. (2024). Patterns and Trends in Green Economic Development in Developing Countries: A

Systematic Literature Review (2019-2024). Formosa Journal of Applied Sciences.

2. Owusu, R., Asumadu-Sarkodie, S., & Oteng-Abayie, E.F. (2021). Determinants of Green Growth in Developed and

Developing Countries. International Journal of Environmental Research and Public Health, 18(6), 3154. https://doi.

org/10.3390/ijerph18063154

3. OECD (2025). Investing in Climate for Growth and Development: Policy Highlights. OECD Publishing.

4. Sun, L., Ma, M., Li, B., Cao, W. (2023). Green Innovation and Sustainable Economic Growth in Developing Countries.

Sustainable Development Journal.

5. Ferdi (2024). Is Green Growth Relevant for Poor Economies? Analysis of Policy Trade-Offs. Ferdi Working Papers.

6. Chen, S., Jiang, Q., Zhang, L. (2023). Green Economy Transitions and Renewable Energy Investments. Journal of

Cleaner Production.

7. World Bank (2023). Uzbekistan Overview: Development news, research, data. World Bank Group.

8. International Energy Agency (IEA) & UNDP Reports on Renewable Energy and Sustainable Development (2024–

2025).

9. Emerald Publishing (2024). Assessing Growth of Green Finance and Investment in Selected Developing Nations.

10. These references combine empirical research, policy reports, and theoretical studies to provide a comprehensive

foundation for understanding the impact of green investments on economic growth in developing countries, with a

special focus on Uzbekistan.

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Published

2025-10-01

How to Cite

Pirmatova, F. (2025). “HOW GREEN INVESETMENTS CAN EFFECT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES”. GREEN ECONOMY AND DEVELOPMENT, 3(10). https://doi.org/10.5281/zenodo.17355473
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