An environmental enterprise is an environmentally friendly/compatible business. Specifically, an environmental enterprise is a business that produces value in the same manner which an ecosystem does, neither producing waste nor consuming unsustainable resources. In addition, an environmental enterprise rather finds alternative ways to produce one’s products instead of taking advantage of animals for the sake of human profits. To be closer to being an environmentally friendly company, some environmental enterprises invest their money to develop or improve their technologies which are also environmentally friendly. In addition, environmental enterprises usually try to reduce global warming, so some companies use environmentally friendly materials to build their stores. They also set in environmentally friendly place regulations. All these efforts of the environmental enterprises can bring positive effects both for nature and people. The concept is rooted in the well-enumerated theories of natural capital, the eco-economy, and cradle-to-cradle design. Examples of environmental enterprises would be Seventh Generation, Inc., and Whole Foods.
Published in Chapter:
Water Utilization Rate: Impact on Iranian Economic Growth
Copyright: © 2022
|Pages: 21
DOI: 10.4018/978-1-6684-5109-0.ch010
Abstract
In economic growth models, less attention is paid to natural resources and their importance on economic growth. The decline of the world's water resources, especially in countries with inherently limited water resources, such as Iran, has caused a water supply and demand crisis. This chapter deals with the effect of water utilization rate on economic growth. The hypothesis of this research is based on Barrow and Sala's Martin model developed by Barber. According to this model, the effect of the water utilization rate on economic growth can be nonlinear. The tool for measuring the amount of water in this study is the water utilization rate. Other explanatory variables used in the model include the share of water exports, the share of water activities, and the share of gross capital. This chapter uses a self-regression model with distributive interruption with the shore test approach for 1990-2020 for Iran. The estimation results indicate that the relationship between water utilization rate and economic growth for Iran is inversely U-shaped.