Forecasting Sustainable Development Indicators in Romania: A Study in the European Context

Alexandra-Nicoleta Ciucu (Durnoi), Corina Ioanăș, Marioara Iordan and Camelia Delcea ()
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Alexandra-Nicoleta Ciucu (Durnoi): Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 010552 Bucharest, Romania
Corina Ioanăș: Department of Accounting and Audit, Bucharest University of Economic Studies, 010552 Bucharest, Romania
Marioara Iordan: Institute for Economic Forecasting—NIER, Romanian Academy, 010071 Bucharest, Romania
Camelia Delcea: Department of Economic Informatics and Cybernetics, Bucharest University of Economic Studies, 010552 Bucharest, Romania

Sustainability, 2024, vol. 16, issue 11, 1-21

Abstract: Sustainable development is a very important and highly debated concept worldwide, with almost all states around the globe recognizing the importance of supporting a balancing of economic, social and ecological plans to create a more prosperous and equitable world. The purpose of the current study is to identify the current context of the progress achieved by the EU member states regarding the 17 sustainable development objectives. Following the implemented research, it was found that Romania is one of the countries with the lowest performance, so an attempt was made to make a short-term forecast in the case of this country in order to determine its future course. In this sense, the Holt–Winters trend methods were used, which are based on historical data to predict future values. According to the analysis carried out, the predicted values are mainly encouraging, but it is necessary for the competent authorities to become more involved because, in many aspects, Romania is at the bottom of the European Union (EU) ranking regarding the analyzed indicators.

Keywords: sustainability; quality of life; equality; Agenda 2030; Holt–Winters trend methods (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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