IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2023i25p81-90.html
   My bibliography  Save this article

Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being

Author

Listed:
  • Camelia CERCEL (ZAMFIRACHE)

    (University of Craiova)

Abstract

This paper aims to analyze, through econometric methods, the relationship between economic well-being and the progress indicators of the European Union in the field of environmental protection. The aim is to assess to what extent economic growth can coexist with reducing the negative impact on the environment, thus providing a framework for more effective public policies. In order to demonstrate the existing link between the indicators for measuring the progress of the European Union to protect the environment, we extracted one of each, thus performing a correlation analysis between them and economic well-being. Economic well-being was represented by the GDP/capita indicator. In this analysis, we used both the Pearson correlation index and the Spearman correlation index. The analyzed period is the period of 2012-2021. The analysis carried out has as a reference the level of the EU-27 indicator from each variable selected in the sample.

Suggested Citation

  • Camelia CERCEL (ZAMFIRACHE), 2024. "Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(26), pages 109-118, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2023:i:25:p:81-90
    as

    Download full text from publisher

    File URL: https://feaa.ucv.ro/finance/fisiere/revista/65095516108_Cercel_Camelia.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    2. repec:rnp:ecopol:09111 is not listed on IDEAS
    3. Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," American Economic Review, American Economic Association, vol. 103(3), pages 117-120, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marinela Istrate & Ionel Muntele, 2024. "Sustainability of Local Public Finances from the Perspective of Territorial Disparities in the Rural Areas of Romania," Land, MDPI, vol. 13(11), pages 1-17, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bohl, Martin T. & Michaelis, Philip & Siklos, Pierre L., 2016. "Austerity and recovery: Exchange rate regime choice, economic growth, and financial crises," Economic Modelling, Elsevier, vol. 53(C), pages 195-207.
    2. William R. White, 2013. "Is Monetary Policy a Science? The Interaction of Theory and Practice over the Last 50 Years," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 3, pages 73-116, SUERF - The European Money and Finance Forum.
    3. Coen Teulings, 2014. "Unemployment and house price crises: Lessons for Fiscal Policy from the Dutch Recession," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-19, December.
    4. Frankel, Jeffrey, 2015. "The euro crisis: Where to from here?," Journal of Policy Modeling, Elsevier, vol. 37(3), pages 428-444.
    5. Olivier Coibion & Yuriy Gorodnichenko & Dmitri Koustas, 2013. "Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 44(2 (Fall)), pages 193-260.
    6. Falilou Fall & Debra Bloch & Jean-Marc Fournier & Peter Hoeller, 2015. "Prudent debt targets and fiscal frameworks," OECD Economic Policy Papers 15, OECD Publishing.
    7. Terzi, Alessio, 2020. "Macroeconomic adjustment in the euro area," European Economic Review, Elsevier, vol. 128(C).
    8. Honkapohja, Seppo, 2014. "The Euro Area Crisis: A View from the North," Journal of Macroeconomics, Elsevier, vol. 39(PB), pages 260-271.
    9. Mr. Emanuele Baldacci & Mr. Sanjeev Gupta & Mr. Carlos Mulas-Granados, 2013. "Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies," IMF Working Papers 2013/238, International Monetary Fund.
    10. Penet, Pierre, 2016. "The IMF failure that wasn't: tournaments of conditionality and strategic ignorance during the european debt crisis," Working Papers unige:88327, University of Geneva, Paul Bairoch Institute of Economic History.
    11. Fritz Breuss, 2017. "The United States-Euro Area Growth Gap Puzzle," WIFO Working Papers 541, WIFO.
    12. Döpke Jörg & Fritsche Ulrich & Waldhof Gabi, 2019. "Theories, Techniques and the Formation of German Business Cycle Forecasts : Evidence from a survey of professional forecasters," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(2), pages 203-241, April.
    13. Arturo O’Connell, 2016. "The EuroZone `Debt’ Crisis: Another `Center’ – `Periphery’ Crisis Under Financial Globalization?," Working Papers Series 51, Institute for New Economic Thinking.
    14. Stavros A. Zenios, 2013. "The Cyprus Debt: Perfect Crisis and a Way Forward," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 7(1), pages 3-45, June.
    15. Rafael Doménech & José Manuel González Páramo, 2017. "Budgetary stability and structural reforms in Spain," Working Papers 17/11, BBVA Bank, Economic Research Department.
    16. Machinea, José Luis, 2010. "A crise financeira internacional: sua naturaleza e os desafios da política econômica," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), May.
    17. Ana Esther Castro & José Francisco Teixeira, 2014. "The Formation of New Monetary Policies: Decisions of Central Banks on the Great Recession," Economies, MDPI, vol. 2(2), pages 1-15, May.
    18. Julius Probst, 2019. "Lawrence Summers Deserves a Nobel Prize for Reviving the Theory of Secular Stagnation," Econ Journal Watch, Econ Journal Watch, vol. 16(2), pages 342–373-3, September.
    19. Döpke, Jörg & Fritsche, Ulrich & Waldhof, Gaby, 2017. "Theories, techniques and the formation of German business cycle forecasts. Evidence from a survey among professional forecasters," Working Papers 2, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    20. Maria‐Eleni K. Agoraki & Stella Kardara & Tryphon Kollintzas & Georgios P. Kouretas, 2023. "Debt‐to‐GDP changes and the great recession: European Periphery versus European Core," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 3299-3331, July.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2023:i:25:p:81-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.