Green GDP Accounting Model Prioritizing Sustainable Development

Abstract

In today's highly developed economic and social context, humanity is increasingly realizing the importance of sustainable development alongside the full utilization of resources. Consequently, some scholars advocate for the adoption of Green Gross Domestic Product (GGDP) as a more reflective measure of economic health, replacing GDP, while also assessing the sustainability of economic and social development. This paper, taking into account the direction of human society towards sustainable development, refines previous research efforts. Using forestry as an example, it establishes a GGDP accounting model based on the principle of maximum sustainable development and demonstrates its validity.