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India | Environmental Management | Volume 14 Issue 10, October 2025 | Pages: 842 - 850
Pioneering the Quest for Economic-Environmental-Equilibrium Point for Sustainable Growth
Abstract: In order to achieve sustainable growth in the economic-environmental ecosystem, the rational utilization of natural resources of the world is necessary. The article/research paper presents an evolutionary dimension to equilibrium-based economics. Dynamic flux and stationary state in contemporary macro dynamics and macro static economics provide inadequate explanations for economic problems of the world; hence, a mechanism of macro-constancy at the equilibrium state is proposed. An integrated conceptual framework based on innovative econometric modelling and structural reforms for sustainable economic growth is highlighted in the paper. The theoretical framework is a combination of the classical, neo-classical and Keynesian economic thought to view the world economy with the vision of attaining perfect equilibrium between economic growth and environmental disruption in order to create a sustainable ecosystem. The statistical framework is based on global economic data from various sources covering key econometric parameters, with the aim of formulating a new realistic indicator for economic growth and formulating of an econometric model based on these parameters. Holistic concepts of common ownership of the world?s natural resources and of the global wealth pool created out of their prudent utilization are molded into an innovative wealth distribution model for equitable growth and social justice. The research seeks to guide global institutions in their mission of achieving sustainable development. It proposes mandatory participation and collaboration of global nations. The mission is to achieve Sustainable Growth through optimal utilization of Natural Resources at the economic-environmental equilibrium point.
Keywords: EEE, Economic-Environmental Equilibrium, GNRP, Gross Natural Resource Product, UGDP, Universal Gross Domestic Product, UGNRP, Universal Gross Natural Resource Product
How to Cite?: Dr. Ravikumar Gajbiye, "Pioneering the Quest for Economic-Environmental-Equilibrium Point for Sustainable Growth", Volume 14 Issue 10, October 2025, International Journal of Science and Research (IJSR), Pages: 842-850, https://www.ijsr.net/getabstract.php?paperid=SR251015105252, DOI: https://dx.doi.org/10.21275/SR251015105252