Abstract :In order to achieve sustainable growth in the economic-environmental ecosystem, 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 to economic problems of the world, hence a mechanism of macro-constancy at equilibrium state is proposed. An integrated conceptual framework based on innovative econometric modelling, and structural reforms for sustainable economic growth, are highlighted in the paper. The theoretical framework is a combination of the classical, neo-classical and Keynesian economic thought to view 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 to formulate a new realistic indicator for economic growth, and formulation of an econometric model based on these parameters. Holistic concepts of common ownership of 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 economic-environmental equilibrium point.

Keywords : Economic-Environmental Equilibrium (EEE), Gross Natural Resource Product (GNRP), Universal Gross Domestic Product (UGDP), Universal Gross Natural Resource Product (UGNRP)