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

Author

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  • 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
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    File URL: https://feaa.ucv.ro/finance/fisiere/revista/65095516108_Cercel_Camelia.pdf
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    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.
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    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.

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    More about this item

    Keywords

    economic well-being; sustainable development; sustainable development indicators; econometric evaluation;
    All these keywords.

    JEL classification:

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

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