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Unlocking Green Potential: How the EGSS Sector Can Reduce NEET Rates in the EU

Author

Listed:
  • Lyudmil Spasov

    (Plovdiv University “Paisiy Hilendarski†, Bulgaria)

  • Stefan Raychev

    (Plovdiv University “Paisiy Hilendarski†, Bulgaria)

Abstract

This article establishes the significant relationship between the growth of the Environmental Goods and Services Sector (EGSS) and the reduction of NEET (Not in Education, Employment, or Training) rates across 33 European countries from 2013 to 2022. Through robust data analysis, the findings reveal an inverse correlation between EGSS expansion and NEET rates, underscoring the sector’s potential to drive youth engagement in the green economy. The results suggest that targeted educational and training programs aligned with green sector demands could play a critical role in fostering socio-economic stability and reducing youth disengagement.

Suggested Citation

  • Lyudmil Spasov & Stefan Raychev, 2025. "Unlocking Green Potential: How the EGSS Sector Can Reduce NEET Rates in the EU," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 11-24, July.
    • Handle: RePEc:nwe:natrud:y:2025:2:1:p:11-24
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    File URL: https://unwe-research-papers.org/bg/journalissues/article/11698
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    Keywords

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    JEL classification:

    • 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
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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