Green Sector Space: The Evolution and Capabilities Spillover of Economic Green Sectors in the United States

Abstract

Countries’ productive capabilities play a crucial role in effectively transitioning their economies towards becoming green. Current research does not address the productive capabilities in the green sectors. In particular, (a) the effect of green production capabilities on a country’s green basket development and (b) whether the productive capabilities in its green sectors spillover to affect each other and its overall green growth. In this research, we use nonparametric statistics with network science techniques to analyze green sectors’ evolution in the United States. The results of this research provide recommendations that could benefit the United States’ green economic growth. In addition, it provides a methodology that can be used by countries’ policymakers in building effective strategies that can accelerate their country’s green economic growth.