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

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 e...

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Main Author: Camelia CERCEL ZAMFIRACHE
Format: Article
Language:English
Published: Universitaria Publishing House 2024-11-01
Series:Finanţe: Provocările viitorului
Subjects:
Online Access:https://feaa.ucv.ro/finance/fisiere/revista/65095516108_Cercel_Camelia.pdf
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author Camelia CERCEL ZAMFIRACHE
author_facet Camelia CERCEL ZAMFIRACHE
author_sort Camelia CERCEL ZAMFIRACHE
collection DOAJ
description 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.
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issn 1583-3712
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spelling doaj-art-ce2536b96edb4d4f97e46f8013ae1e982025-08-20T02:52:55ZengUniversitaria Publishing HouseFinanţe: Provocările viitorului1583-37122024-11-01126109118Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-BeingCamelia CERCEL ZAMFIRACHE0University of CraiovaThis 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.https://feaa.ucv.ro/finance/fisiere/revista/65095516108_Cercel_Camelia.pdfeconomic well-beingsustainable developmentsustainable development indicatorseconometric evaluation
spellingShingle Camelia CERCEL ZAMFIRACHE
Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
Finanţe: Provocările viitorului
economic well-being
sustainable development
sustainable development indicators
econometric evaluation
title Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
title_full Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
title_fullStr Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
title_full_unstemmed Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
title_short Econometric Evaluation of the European Union's Progress in Environmental Protection Through the Lens of Economic Well-Being
title_sort econometric evaluation of the european union s progress in environmental protection through the lens of economic well being
topic economic well-being
sustainable development
sustainable development indicators
econometric evaluation
url https://feaa.ucv.ro/finance/fisiere/revista/65095516108_Cercel_Camelia.pdf
work_keys_str_mv AT cameliacercelzamfirache econometricevaluationoftheeuropeanunionsprogressinenvironmentalprotectionthroughthelensofeconomicwellbeing