Abstract: With the transformation of economic growth mode, green growth has become a main pattern of global economic growth in the future. The enterprise is the main carrier of economic growth in the country or region, and the implementation of green growth for the enterprise growth will determine the economic growth trends. Therefore, identifying the dynamic interactive relationship between green growth and enterprise growth can provide theoretical guidance for the enterprise economic growth. This paper selects related indicators of green growth and enterprise growth in the period of 1998-2012, builds up the VAR model of green growth and enterprise growth, analyzes internal relations, interaction mechanisms and development trends of green growth and enterprise growth with co-integration test, impulse response function and variance decomposition method. The result shows that green growth and enterprise growth are both in the fluctuant state in the short term, but there is a long-term equilibrium relationship. In other words, the implementation of green growth would make the enterprise growth slow down in the short term. However, under the role of the green growth, the enterprise growth will reach a higher development stage in the long term. Meanwhile, enterprise growth can also promote the implementation of green growth effectively, and both of them will finally reach a positive interaction of development status.

Key words: green growth, enterprise growth, interaction relationship, dynamic response