In this paper we present a sector-based approach to investigate whether green growth - combining economic growth with environmental sustainability - is feasible. Our approach considers the relation between on the one hand carbon dioxide emissions per dollar of output (what we will call carbon...

Recent statistical advances suggest new ways of looking at growth accounting when global value chains (GVCs) are taken into consideration. The relative contribution of consumption, investment and net exports to economic growth are resized according to their net domestic value-added, discounting...