INDICATORS OF GREEN GROWTH AS SUPPORTERS FOR ECONOMIC GROWTH - AN EMPIRICAL ANALYSIS AT THE EU27 LEVEL

Alina Ailincă ()

Annals - Economy Series, 2023, vol. 3, 62-68

Abstract: Green growth is sometimes seen ambivalently, either as requiring economic degrowth, a stingy administration of resources and consumption, or as supporting a robust economic growth but with a dramatic paradigm shift (sustainability, circularity, regenerability etc). The war in Ukraine presents humanity, and especially Europe, with a choice - a world in continuous moral degradation, wildly fighting for resources, or a world in search of viable longterm solutions, in which respect for nature and people it goes without saying. In this context, the article discusses econometrically, using panel data, what could be the contribution of some indicators of the green economy on economic growth at the level of the European Union (EU27) for the period 2011-2021. The results, although not spectacular, still show us which are the areas of vulnerability, but also the areas that deserve to be boosted, both through private and public investments, so that the green economy to mean more and more, in the close future, in relation to the classic GDP.

Keywords: economic growth; green economy; econometric model; European Union; climate change (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2023:v:3:p:62-68

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