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Multidimensional Analysis of the Green Growth of the European Union Countries in 2019

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  • Kantor Angelika

    (Department of Consumer Research, University of Economics in Katowice, Katowice, Poland)

Abstract

Green growth is a new approach to the economy that assumes the efficient use of raw materials while minimizing the negative impact on the environment. The aim of the study is to assess green growth in the European Union countries in 2019. For this purpose, secondary data was used and a multidimensional analysis of sustainable development was performed. The non-pattern model together with the Hellwig and Ward methods were implemented. This enabled a comparison between countries, and their classification due to a similar level of development. Based on the analysis, a large discrepancy in terms of green growth was observed in the examined countries. It was noted that the disproportion may turn out to be a problem in the implementation of the sustainable development policy. The results also showed that the position of the country is reflected in its geographic location.

Suggested Citation

  • Kantor Angelika, 2021. "Multidimensional Analysis of the Green Growth of the European Union Countries in 2019," Econometrics. Advances in Applied Data Analysis, Sciendo, vol. 25(2), pages 46-66, June.
    • Handle: RePEc:vrs:eaiada:v:25:y:2021:i:2:p:46-66:n:1
    DOI: 10.15611/eada.2021.2.04
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    References listed on IDEAS

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    More about this item

    Keywords

    green growth; Hellwig method; multivariate analyses; sustainable development taxonomic methods;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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