New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context
In the context of European integration, sustainable economic development in the European Union is a strategic priority. In recent years, the European Union has made progress towards sustainable development objectives, reflecting a commitment to economic growth that respects the principles of environ...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Institutul de Studii Financiare
2024-11-01
|
| Series: | Revista de Studii Financiare |
| Subjects: | |
| Online Access: | https://revista.isfin.ro/wp-content/uploads/2024/11/5.-Fortea-c.-et..pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849702679720230912 |
|---|---|
| author | Costinela Fortea Valentin Marian Antohi Monica Laura Zlati Sajjad Nawaz Khan |
| author_facet | Costinela Fortea Valentin Marian Antohi Monica Laura Zlati Sajjad Nawaz Khan |
| author_sort | Costinela Fortea |
| collection | DOAJ |
| description | In the context of European integration, sustainable economic development in the European Union is a strategic priority. In recent years, the European Union has made progress towards sustainable development objectives, reflecting a commitment to economic growth that respects the principles of environmental protection, social equity and economic efficiency. The European Union plays an important role in shaping sustainable development policies and initiatives through legislation, directives and financial funds aimed at both protecting the environment and stimulating innovation and competitiveness. We aim to analyse the level of innovative sustainability of the European economy in relation to the European dimension of innovative sustainability using an econometric model. The methods used consist of a literature survey, database consolidation and econometric modelling. The econometric model shows that environmental taxes and raw material consumption have a negative impact on GDP per capita in the short run, while technological innovation, measured by the number of patents and R&D personnel, contributes significantly to economic growth and sustainable development, underlining the need for long-term investment in human capital and green technologies to support the competitiveness and sustainability of European economies. The results of the study will lead to the formulation of European public policies on sustainable economic development regarding the implementation of Sustainable Development Goal 9. |
| format | Article |
| id | doaj-art-e53d8411d58c4ec1b586959622ea5b1d |
| institution | DOAJ |
| issn | 2537-3714 2559-1347 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Institutul de Studii Financiare |
| record_format | Article |
| series | Revista de Studii Financiare |
| spelling | doaj-art-e53d8411d58c4ec1b586959622ea5b1d2025-08-20T03:17:32ZengInstitutul de Studii FinanciareRevista de Studii Financiare2537-37142559-13472024-11-01917719010.55654/JFS.2024.9.17.05New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European ContextCostinela Fortea0Valentin Marian Antohi1Monica Laura Zlati2Sajjad Nawaz Khan3Dunarea de Jos University, Galati, RomaniaDunarea de Jos University, Galati, RomaniaDunarea de Jos University, Galati, RomaniaEmerson University Multan, PakistanIn the context of European integration, sustainable economic development in the European Union is a strategic priority. In recent years, the European Union has made progress towards sustainable development objectives, reflecting a commitment to economic growth that respects the principles of environmental protection, social equity and economic efficiency. The European Union plays an important role in shaping sustainable development policies and initiatives through legislation, directives and financial funds aimed at both protecting the environment and stimulating innovation and competitiveness. We aim to analyse the level of innovative sustainability of the European economy in relation to the European dimension of innovative sustainability using an econometric model. The methods used consist of a literature survey, database consolidation and econometric modelling. The econometric model shows that environmental taxes and raw material consumption have a negative impact on GDP per capita in the short run, while technological innovation, measured by the number of patents and R&D personnel, contributes significantly to economic growth and sustainable development, underlining the need for long-term investment in human capital and green technologies to support the competitiveness and sustainability of European economies. The results of the study will lead to the formulation of European public policies on sustainable economic development regarding the implementation of Sustainable Development Goal 9.https://revista.isfin.ro/wp-content/uploads/2024/11/5.-Fortea-c.-et..pdfsustainable developmenteconometric modelpublic policiessustainable development goals |
| spellingShingle | Costinela Fortea Valentin Marian Antohi Monica Laura Zlati Sajjad Nawaz Khan New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context Revista de Studii Financiare sustainable development econometric model public policies sustainable development goals |
| title | New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context |
| title_full | New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context |
| title_fullStr | New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context |
| title_full_unstemmed | New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context |
| title_short | New Econometric Model of Sustainable Economic Development Quantifying the Impact of The Implementation of SDG9 in the European Context |
| title_sort | new econometric model of sustainable economic development quantifying the impact of the implementation of sdg9 in the european context |
| topic | sustainable development econometric model public policies sustainable development goals |
| url | https://revista.isfin.ro/wp-content/uploads/2024/11/5.-Fortea-c.-et..pdf |
| work_keys_str_mv | AT costinelafortea neweconometricmodelofsustainableeconomicdevelopmentquantifyingtheimpactoftheimplementationofsdg9intheeuropeancontext AT valentinmarianantohi neweconometricmodelofsustainableeconomicdevelopmentquantifyingtheimpactoftheimplementationofsdg9intheeuropeancontext AT monicalaurazlati neweconometricmodelofsustainableeconomicdevelopmentquantifyingtheimpactoftheimplementationofsdg9intheeuropeancontext AT sajjadnawazkhan neweconometricmodelofsustainableeconomicdevelopmentquantifyingtheimpactoftheimplementationofsdg9intheeuropeancontext |