PUBLIC POLICIES FOR ENVIRONMENTAL PROTECTION AND SUSTAINABLE ECONOMIC DEVELOPMENT IN THE CONTEXT OF THE TRANSITION TO A GREEN ECONOMY

Georgescu Lucian Puiu, Barbuta – Misu Nicoleta, Antohi Valentin-Marian and Fortea Costinela
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Georgescu Lucian Puiu: DEPARTMENT OF CHEMISTRY, PHYSICS AND ENVIRONMENT, DUNAREA DE JOS UNIVERSITY OF GALATI, Romania
Barbuta – Misu Nicoleta: DEPARTMENT OF BUSINESS ADMINISTRATION, DUNAREA DE JOS UNIVERSITY OF GALATI, ROMANIA
Antohi Valentin-Marian: DEPARTMENT OF BUSINESS ADMINISTRATION, DUNAREA DE JOS UNIVERSITY OF GALATI, ROMANIA
Fortea Costinela: DEPARTMENT OF BUSINESS ADMINISTRATION, DUNAREA DE JOS UNIVERSITY OF GALATI, ROMANIA

Annals - Economy Series, 2025, vol. 3, 168-187

Abstract: This study examines the effectiveness of public policies in promoting sustainable economic development within the framework of the green economy transition across the 27 European Union Member States from 2013 to 2023. Using a fixed effects panel data model, it assesses the impact of recycling rates, circular material use, packaging waste generation, energy consumption, GDP per capita, and environmental tax revenues on resource productivity. The findings indicate that recycling and circular material use positively influence resource productivity, while higher energy consumption in households has a negative impact. Real GDP per capita is strongly associated with improved resource productivity, whereas environmental tax revenues show limited effectiveness. The study highlights the need for better-coordinated policies, enhanced recycling infrastructure, improved energy efficiency, and reformed environmental taxes to support the green transition. By providing empirical evidence on these relationships, it offers valuable insights for policymakers aiming to enhance resource efficiency and achieve sustainable development within the European Union.

Keywords: Green economy; public policies; Resource productivity; Sustainable development; European Union (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:3:p:168-187

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