The Impact of Environmental Effects of Sustainable Development on Direct Investments

Mihaela Onofrei, Adelina-Andreea Siriteanu and Erika-Maria Doacă
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Mihaela Onofrei: Faculty of Economics and Business Administration, “Alexandru Ioan Cuza†University of Iasi
Adelina-Andreea Siriteanu: Doctoral School of Economics and Business Administration, Alexandru Ioan Cuza University of IaÅŸi
Erika-Maria Doacă: Doctoral School of Economics and Business Administration, Alexandru Ioan Cuza University of Iaşi

Scientific Annals of Economics and Business (continues Analele Stiintifice), 2023, vol. 70, issue SI, 33 - 42

Abstract: On the background of the exponential decrease of natural resources and the continuous and accentuated degradation of the quality of the environment, ensuring the sustainability of economic and social processes has become a reality of everyday life. However, the primary focus is on the degradation of the quality of the environment, which has the main effect of global warming. The idea of sustainable development is based on 3 fundamental pillars, namely the economic, the social and last but not least the environmental. In contemporary society, direct investment is often seen as a vital source for development and even sustainable development. Thus, the desire for development must go hand in hand with sustainable development, implicitly with the quality of the surrounding environment. At the level of the European Union, it is important that all member countries implement common measures on sustainable development. This is the generous context in which the paper aims to analyse the impact of environmental effects in the volume of direct investments. We will analyse the countries of European country in the period 2004-2020, and we will use the Stata program. Thus, following the running of the multiple regression equation, we found that in attracting direct investments in European country in the period 2004-2020, the environmental effects have a positive influence.

Keywords: environmental effects; sustainable development; direct investments; European countries (search for similar items in EconPapers)
Date: 2023
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