ESG factors and regional economic growth: why green development policies are a key driver of long-run resilience, theory, evidence, and methodological frontiers
ESG要因と地域経済成長：なぜグリーン開発政策が長期的なレジリエンスの鍵となるのか―理論、エビデンス、方法論の最前線 (AI 翻訳)
Riku Kobayashi, Mio Tanaka
🤖 gxceed AI 要約
日本語
本レビューは、ESG要因とグリーン開発政策が長期的な経済レジリエンスを促進するメカニズムを理論・実証両面から統合。生産性向上、イノベーション、リスク低減、投資安定化を通じた効果を強調し、グリーンファイナンスや環境政策厳格化の実証研究を整理。因果推論の課題と方法論的進展も議論。
English
This review synthesizes international evidence on how ESG factors and green development policies drive long-run economic resilience through productivity, innovation, risk reduction, and investment stabilization. It consolidates theoretical frameworks (Porter hypothesis, directed technical change) and empirical advances on green finance and environmental policy stringency, highlighting methodological challenges and promising causal identification strategies.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではGXリーグやグリーンボンド市場の拡大など、グリーン開発政策が推進されている。本論文は、そうした政策が長期的な経済レジリエンスに寄与する理論的・実証的根拠を提供し、SSBJに基づく開示や企業のGX投資の重要性を裏付ける。
In the global GX context
This paper strengthens the global case for green development policies as structural drivers of economic resilience, relevant for ISSB, CSRD, and transition finance frameworks. It provides theoretical grounding for linking ESG performance to macroeconomic outcomes, supporting policymakers and investors advocating for green investment as a long-term growth strategy.
👥 読者別の含意
🔬研究者:Consolidates theoretical frameworks and empirical methods for studying ESG–growth links, highlighting causal identification challenges and methodological frontiers.
🏢実務担当者:Provides evidence that green investments and governance improvements can enhance long-term resilience, supporting business case for corporate sustainability strategies.
🏛政策担当者:Offers a synthesis of evidence justifying green development policies as structural drivers of resilient economic growth.
📄 Abstract（原文）
This review synthesizes international evidence on the relationship between environmental, social, and governance (ESG) factors and regional economic growth, with a specific focus on why green development policies, including ecological governance and green finance, can operate as structural drivers of long-run economic resilience. The literature has moved beyond a simple “ESG–performance” correlation toward a multi-channel view in which ESG improvements shape growth paths through productivity dynamics, innovation incentives, capital allocation, risk premia, and adaptive capacity to climate and transition shocks. At the macro and regional scales, recent work finds that ESG performance is more strongly associated with long-run income levels and medium-horizon economic activity than with short-run growth rates, consistent with the time-to-build nature of institutional upgrading and the diffusion of green technologies. At the same time, causal identification remains challenging due to ESG measurement divergence, endogenous policy adoption, and spatial spillovers, motivating a methodological shift toward cointegration, dynamic panels, spatial econometrics, and quasi-experimental designs using policy discontinuities, regulatory shocks, and instrumental variables. This review consolidates key theoretical frameworks (Porter hypothesis, directed technical change, sustainable finance equilibrium, regional resilience) and evaluates empirical advances on green finance instruments (green bonds, green credit) and environmental policy stringency. The synthesis supports a central conclusion: green development policies can enhance long-run resilience by jointly improving the efficiency frontier (innovation offsets), reducing exposure to climate and transition risks, and stabilizing investment expectations, thereby shaping the feasible set of regional development trajectories.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.70731/9y8jw357first seen 2026-05-14 21:34:16
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。