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A comparative analysis of green economy development in border regions of the Silk Road economic belt

Subject. The article addresses green economy development in border regions of the Silk Road Economic Belt.
Objectives. The purpose of the study is to design a composite index of environmental management to analyze the green economy development.
Methods. The study employs economic and mathematical approaches and methods of statistical analysis.
Results. We developed groups of indicators that reflect various aspects of environmental management (environmental and resource efficiency, environmental quality of life, natural assets, institutional factors, i.e. activities and policy tools that affect the state of environment). The paper presents a methodology for quantitative assessment of the composite Environmental Management Index, which consists of several steps.
Conclusions. The performed study complements the results obtained by other researchers. The presented methodology rests on the formation of a system of criteria for assessing the green economy development. The use of methodological approach permits the objective evaluation of the level of green economy development in model territories. Testing the developed methods and quantifying the composite Environmental Management Index enable to make a classification of model territories, to identify factors affecting the green economy development.