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Measuring the Impact of Social, Economic and Environmental Challenges on Sustainable Development

Author

Listed:
  • Gabriel Croitoru

    (Valahia University of Târgoviște, Târgoviște, Romania; Aurel Vlaicu University of Arad, Arad, Romania)

  • Nicoleta Valentina Florea

    (Valahia University of Târgoviște, Târgoviște, Romania)

  • Daria Florea

    (Valahia University of Târgoviște, Târgoviște, Romania)

  • Mihai Bogdan Croitoru

    (Valahia University of Târgoviște, Târgoviște, Romania)

  • Brândușa Adriana Dragomir

    (Aurel Vlaicu University of Arad, Arad, Romania)

Abstract

In the context of today’s global challenges, sustainable development is becoming a primary objective for governments around the world. This article analyses the synergies and divergences between social, economic and environmental policies and their impact on sustainable development. The study was conducted on a sample of 220 respondents, selected through stratified sampling methods to ensure representativeness and a comprehensive picture of the perceptions and experiences of different population segments. The research method used was the modelling of partial structural equations (PLS-SEM), implemented with the help of the SmartPLS 4.06 software, which allowed the examination of the direct and indirect relationships between the studied variables: social policies (SP), economic policies (EP), environmental policies (PM), quality of life (CV), social equity (ES) and sustainable development (DD). This study contributes to the understanding of synergies and divergences in the management of social, economic and environmental challenges, highlighting the importance of an integrated approach in public policy formulation to promote sustainable development. The limitations of the study include the subjectivity of the data collected and the specific geographic context, suggesting the need for further research to explore intermediate variables and expand the study context.

Suggested Citation

  • Gabriel Croitoru & Nicoleta Valentina Florea & Daria Florea & Mihai Bogdan Croitoru & Brândușa Adriana Dragomir, 2025. "Measuring the Impact of Social, Economic and Environmental Challenges on Sustainable Development," Journal of Financial Studies, Institute of Financial Studies, vol. 10(18), pages 102-133, May.
    • Handle: RePEc:fst:rfsisf:v:10:y:2025:i:18:p:102-133
    DOI: 10.55654/JFS.2025.10.18.06
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    Keywords

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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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