Published: Jun 25, 2021

  Veronika Chala

  Yuliia Orlovska


The subject of this study is the principles, factors and features of the green economy as a complex multicomponent system. It was important to clarify the ontology of the term “development” and to propose a methodology for filling the meaning of this term with a specific scientific approach, which consisted in identifying factors that shape directed, natural (regular) and inevitable changes as mandatory elements of development in the philosophical sense of the latter. The article analyzes different approaches to the definition of green economy, which gave the authors a reason to propose their own perception of the green economy as a socio-eco-economic system, which should be simultaneous under directed, natural (regular) and inevitable changes to ensure its development. The authors dwelled on the characteristics of each of the three mandatory changes. Directed changes in the green economy as a system were considered through the prism of seventeen goals of sustainable development (defining those for which the green economy “works” directly), which form new requirements for key components of the economic system: production, exchange, distribution and consumption. Regular changes are characterized as those that correspond or do not contradict the basic economic laws of the post-industrial era and form the ecological basis for the competitiveness of the economy. Irreversibility of change is defined as justified regulatory measures of strict environmental and economic policy, based on the methodological, proven by scientists, the principle of regulation in a mixed economic system and the abandonment of free market mechanisms (which “does not work” to achieve sustainable development). The authors have proposed a system-hierarchical approach to ensuring intermediate principles of green economy development as a system (direction, regularity and irreversibility of changes) and their integral effect on the quality of sustainable development of the social system as a whole. Further directions of research of system principles of development of green economy have been defined as well.

How to Cite

Chala, V., & Orlovska, Y. (2021). GREEN ECONOMY DEVELOPMENT: METHODOLOGICAL APPROACH. Baltic Journal of Economic Studies, 7(3), 203-208.
Article views: 673 | PDF Downloads: 462



green economy, sustainability, development, socio-eco-economic system


Allen, C. (2012). A guidebook to the Green Economy. Issue 1: Green Economy, Green Growth and Low-Carbon Development – history, definitions and a guide to recent publications Division for Sustainable Development / Cameron Allen, Stuart Clouth. New York : UNDESA, Division for Sustainable Development.

Anikina, I., Anikin, A., & Nozhkina, N. (2017). Green economy as a condition of sustainable development of regions: Assessment of the effect of decoupling on the example of the Volgograd region in the collection: Alternatives to regional development. Conf. Proc. 1, Р. 107–114.

Atkisson, А. (2012). OECD Global Forum on Measuring Well-Being for Development and Policy Making / Alan Atkisson. – New Delhi, India – 20 October 2012.25. Towards a Green Economy: Pathways to Sustainable Development and Poverty Eradication. – New York : United Nations Environment Programme. 52 р.

Balkyt, A., & Tvaronavičien, M. The inclusion of sustainainable development dimension into the competitiveness theory. Available at:

Berezhna, Yu. (2012). Kontseptsiia “zelenoi ekonomiky”: mizhnarodnyi aspekt [The concept of “green economy”: the international aspect]. Scientific notes of the Tauride National University named after V. Vernadsky. Series “Legal Sciences”, 25 (64) 1, 210–215.

Brunel, C., & Levinson, A. (2013). “Measuring Environmental Regulatory Stringency”, OECD Trade and Environment Working Papers, 2013/05, OECD Publishing. Available at:

Burkart, K. (2009). How do You Define the “Green” Economy. MNN - Mother Nature Network. Available at:

Clift, R., & Wright, L. (2000). Relationships between Environmental Impacts and Added Value along the Supply Chain. Technological Forecasting and Social Change, 65, 281–295.

Chmyr, O., & Zakharkevich, N. (2013) “Zelena ekonomika”: sutnist, tsili ta bazovi pryntsypy [Green economy: essence, goals, and basic principles]. Economichnyi visnik Donbasu, 3 (33), 54–62.

Darnall, N., & Pavlichev, A. Environmental policy tools and firm-level management practices in the United States. Available at:

David Pearce, Anil Markandya, & Edward Barbier (1989). Blueprint for a green economy. London : Earthscan Publications ltd. 193 p.

DORE. Danish Organisation for Renewable Energy. Available at:

Orlovskaya, Yu., & Vovk, M. (2014). Ekoloho-ekonomichna polityka zmitsnennia mizhnarodnoi konkurentospromozhnosti krain YeS [Ecological and economic policy of strengthening the international competitiveness of EU countries]. Dnipropetrovsk.

Galushkina, T., & Kostetska, K. (2012). “Zelena” ekonomika v sektoralnii modeli rozvytku v Ukraini [“Green economy” in the sectoral model of development in Ukraine]. Economic innovations, 48, 68–77.

Garlytska, D. (2017). Pobudova zelenoi ekonomiky – osnovna skladova yevropeiskoi intehratsii Ukrainy [Building a green economy is a key component of Ukraine’s European integration]. Economic analysis: a collection of scientific works of TNEU, 27(2), 15–19.

Levinson, A. Pollution haven hypothesis. Available at: pollutionhavens.pdf

Marchenko, O., & Mamaliga, V. (2019). “Zelena” ekonomika: teoretychni aspekty [“Green” economy: theoretical aspects]. Eastern Europe: Economy, Business and Management, 6 (23), 535–541. Available at:

Melnik, L. (2018). Comparative characteristics of the features of traditional and “green” economies. “Green” economy (EU experience and practice of Ukraine in the light of III and IV industrial revolutions). Sumy.

Pearce, D. (1990). Blueprint 2: Greening the world economy. London: Earthscan Publications ltd. 232 p.

Pearce, D. (1994). Blueprint 3: Measuring Sustainable Development. London: Taylor & Francis Inc. 224 p.

Philosophical Encyclopedic Dictionary (1983) Ch. editor: Ilyichev L., Fedoseev P., Kovalev S., Panov V. Moscow, Sov. Encyclopedia, 840 p.

Porter, M., & Van der Linde (1995). Toward a new conception of the environment-competitiveness relationship. Journal of economic perspective, 9(4), 97–118.

Potapenko, V. (2014). Transformatsiia systemy pryrodokorystuvannia Ukrainy na zasadakh “zelenoi” ekonomiky: teoriia, metodolohiia, praktyka [Transformation of the Ukrainian nature management system on the basis of "green" economy: theory, methodology, practice]. Dissertation. Kiev.

South Africa’s Green Economy Strategy. Available at:

Seventeen goals of sustainable development – the countdown is over (2016). Green Wave. Available at:

Vukovic, N., Pobedinsky, V., Mityagin, S., Drozhzhin, A., & Mingaleva, Zh. (2019). A Study on Green Economy Indicators and Modeling: Russian Context. Sustainability, 11, 13.

WEForum. Available at: