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Relevance of Economic Instruments Used in Sustainable Development Process

Author

Listed:
  • Sorina-Geanina Mărgărit (Stănescu)

    () (“Valahia” University of Târgoviște, Romania)

  • Nicoleta-Cornelia Bran (Stan)

    () (“Valahia” University of Târgoviște, Romania)

Abstract

The interaction between environmental, economic and social factors influences the ecological balance and generates the change of living conditions and those of socio-economic development. One of the essential conditions for building a sustainable economic development is the identification and implementation of active or voluntary instruments to influence economic and social activity towards ensuring their sustainability. In this paper, we intend to introduce the tools used in the process of sustainable development, which have a key role in adopting an environmentally responsible behavior. The results of this study are represented by the drafting of the advantages and disadvantages of using these economic and financial instruments. The purpose of this paper is to present the evolution of costs for environmental protection and the relevance of instruments used at the national level in environmental protection.

Suggested Citation

  • Sorina-Geanina Mărgărit (Stănescu) & Nicoleta-Cornelia Bran (Stan), 2011. "Relevance of Economic Instruments Used in Sustainable Development Process," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(3), pages 155-166.
  • Handle: RePEc:pet:annals:v:11:y:2011:i:3:p:155-166
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    More about this item

    Keywords

    taxes; environmental fund; sustainable development; standards; environment; pollution;

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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