scholarly journals Eco-innovation and Economic Growth in the European Union

2019 ◽  
Vol 22 (2) ◽  
pp. 43-54
Author(s):  
Ana Andabaka ◽  
Martina Basarac Sertić ◽  
Martina Harc
Keyword(s):  
European Union ◽  
Sustainable Growth ◽  
Recycling Rate ◽  
Gdp Growth ◽  
The European Union ◽  
Green Technologies ◽  
Gdp Growth Rate ◽  
Quality Of Institutions ◽  
To Come

Abstract Eco-innovation, as a new concept, and green technologies are central to the Europe’s future and at the core of the European Union policies to boost competitiveness, create jobs, and generate sustainable growth for years to come. In this context, eco-innovation is a significant tool that combines decreased environmental impact with a positive socioeconomic impact. This paper highlights the prominent role of eco-innovation and investigates still scarcely explored impact assessment of GDP growth, quality of institutions, and recycling rates on the eco-innovation index in the 28 European Union member states. Specifically, the set of regression analyses that use panel estimation models was undertaken and the system GMM estimator with robust standard errors was used. Econometric analysis indicates that GDP growth rate, quality of institutions, and recycling rate of municipal waste had a statistically significant and positive effect on eco-innovation in the period 2010-2016.

scholarly journals Unemployment and growth in advanced economies in the pre-crisis period

2013 ◽  
Vol 61 (2) ◽  
pp. 445-450 ◽  
Author(s):  
Milan Palát
Keyword(s):  
Growth Rate ◽  
European Union ◽  
Quantitative Methods ◽  
Statistical Significance ◽  
The United States ◽  
Gdp Growth ◽  
The European Union ◽  
The Real ◽  
Real Gdp ◽  
Gdp Growth Rate

The paper is aimed at assessing the relationship between the unemployment growth rate and the real GDP growth rate in three biggest advanced economic bodies of the world. In the statistical part of the paper the correlation determination of the real GDP growth rate and unemployment rate has been examined. The results of quantitative methods especially regression and correlation analysis statistically approved the correlation of chosen characteristics including the statistical significance in Japan and the United States. The situation in the European Union differs from the results of two other examined economies and the existence correlation hadn’t been proven statistically. This might be caused by a relatively specific economic development, structural and institutional changes which had occurred in the European Union during the reference period and which has had significant impacts for output and unemployment.

scholarly journals CONSUMPTION EXPENDITURE OF THE ELDERLY IN THE EUROPEAN UNION: CONVERGENCE AND IMPACT ON GDP

2021 ◽  
Vol 30 (30 (1)) ◽  
pp. 268-275
Author(s):  
Sanda Anca
Keyword(s):  
Growth Rate ◽  
European Union ◽  
Gdp Growth ◽  
Ageing Population ◽  
Age Group ◽  
Consumption Expenditure ◽  
The European Union ◽  
Gdp Growth Rate ◽  
Convergence Process ◽  
The Impact

In the context of an ageing population, the aim of this study is to analyze how the consumption expenditure of the age group 50 plus affected the GDP growth rate during the period 2005-2019, at the level of the European Union countries. Using spatial econometrics, we study the convergence process of both the consumption expenditure of the 50 plus age group and the GDP. Furthermore, we analyze the relationship between the two variables and its evolution in time. We conclude that there is a bidirectional relationship between the studied variables: an increase in the growth rate of the 50 plus age consumption significantly and positively impacts the GDP growth rate and vice versa. At the level of Western European states where the share of 50 plus population is the highest, the impact on GDP growth rate is stronger. The results are relevant for further identifying possible economic opportunities created by the ageing population while supporting the European Union cohesion policy through the convergence process aimed at reaching an overall harmonious development within the member states and regions.

scholarly journals Does Monetary Union Membership Affect Convergence in the European Union?

2021 ◽  
Vol 12 (2) ◽  
pp. 135-157
Author(s):  
Dzenita Siljak ◽  
Sándor Gyula Nagy
Keyword(s):  
Growth Rate ◽  
European Union ◽  
Ordinary Least Squares ◽  
Gdp Growth ◽  
The European Union ◽  
Per Capita Gdp ◽  
Crisis Period ◽  
Positive Effects ◽  
Gdp Growth Rate ◽  
Per Capita

Abstract The objective of the article is to investigate the effects of the stage of integration on convergence in the European Union. The relationships between the selected macro-economic variables and per capita GDP growth rate are econometrically tested for the period 2004–2018 and three sub-periods: the pre-crisis period 2004–2008, the crisis period 2009–2013, and the post-crisis period 2014–2018. Convergence is estimated using ordinary least squares (OLS) semi-log regression based on cross-sectional data. The findings show that convergence rates range between 1.9 percent and 4.8 percent. The positive effects of deeper integration are identified, as well as the negative effects of the 2008/2009 crisis. The empirical results suggest that the selected variables have an impact on the per capita GDP growth rate in at least one analyzed period.

scholarly journals QUALITY OF INSTITUTIONS IN CANDIDATE AND POTENTIAL CANDIDATE COUNTRIES COMPARED TO THE NEWEST EUROPEAN MEMBERS

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Jelena Trivić
Keyword(s):  
European Union ◽  
Institutional Environment ◽  
Nobel Laureate ◽  
Potential Candidate ◽  
The European Union ◽  
Governance Indicators ◽  
Two Samples ◽  
Quality Of Institutions ◽  
World Governance Indicators

This paper deals with the quality of institutions in two samples. The first sample consists of candidates and potential candidates for membership in the European Union - Albania, Bosnia and Herzegovina, Serbia and N. Macedonia, while the second sample consists of the youngest member states of the European Union - Croatia, Bulgaria and Romania. In some of the earlier papers, as a co-author or author, I compared the countries of the region with the members of "New Europe", i.e. the countries that became members of the EU in 2004, but a glance look at the data today led me to the conclusion that the quality of the institutional environment in the region is more logical to compare with the newest EU members. Even in comparison with these countries, our region lags significantly behind. As a database for the quality of institutions, I used the World Governance Indicators developed by Kaufman et al. (2010). Institutions are defined as they were defined by Nobel laureate Douglas North and after him, a whole group of economists under the auspices of the New Institutional Economy.

scholarly journals The impact of some variables on the VAT gap in the member states of the European Union company

2016 ◽  
Vol 7 (3) ◽  
pp. 339 ◽  
Author(s):  
Ingrid Majerová
Keyword(s):  
European Union ◽  
Value Added ◽  
Tax Law ◽  
Gdp Growth ◽  
The European Union ◽  
Corruption Perception Index ◽  
Gdp Growth Rate ◽  
Tax Gap ◽  
Corruption Perception ◽  
The Impact

One of the most serious problems of fiscal character is the issue of the tax gap. The tax gap is defined as the amount of tax liability faced by taxpayers that is not paid on time. The tax gap comes from three main areas of non-compliance with the tax law – firstly, from underreporting of income, secondly, from underpayment of taxes, and thirdly, from non-filing of returns. The tax evasions in the area of value added tax create one of the largest groups of tax gaps. This article describes the current situation in the field of tax gap in selected countries of the European Union. The aim of this paper is to determine the dependence of the VAT gap on three variables: the Corruption Perception Index CPI, GDP growth rate and the basic VAT rate. The method of regression analysis was used, which was performed on data in the years 2000–2011. Although it could be assumed that tax burden will affect the VAT gap the most, the highest dependence was shown in the case of Corruption Perception Index.

scholarly journals Why regions fail (or succeed). The Role of Government Institutions in the Long-Run

2019 ◽  
Vol 8 (2) ◽  
pp. 114-144
Author(s):  
Filippo Bonanno
Keyword(s):  
European Union ◽  
Low Income ◽  
The European Union ◽  
Role Of Government ◽  
Income Per Capita ◽  
Government Institutions ◽  
Long Run ◽  
Quality Of Institutions ◽  
Per Capita

This paper represents an attempt to reconcile some general intuitions provided by Daron Acemoglu and James A. Robinson in the book “Why Nations Fail” with the case of the deep regional disparities in the economic performances observed within the “Western” European Union during the period 2001-2015. By adopting an approach to growth analysis based on binary response models, this paper quantifies the extent to which the quality of government institutions has shaped regional economic performances in the European Union throughout the period comprising the Great Recession. Empirical results show that: 1) The higher is the quality of institutions, the higher is the probability that a region with high income per capita will grow above the levels of the European Union as a whole. 2) The higher is the quality of institutions, the lower is the probability that a low-income region will grow below the levels of European Union as a whole. 3) The higher is the quality of institutions, the higher (lower) is the probability that any region, regardless of its income per capita, will outperform (underperform) the European Union as a whole. 4) The higher is the quality of Institutions, the lower is the probability that a region will “fail” to grow.

scholarly journals Changes in taxation and their impact on economic growth in the European Union

2011 ◽  
Vol 59 (2) ◽  
pp. 325-332 ◽  
Author(s):  
Irena Szarowská
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Income Tax ◽  
Corporate Income Tax ◽  
Gdp Growth ◽  
Panel Regression ◽  
The European Union ◽  
Gdp Growth Rate ◽  
Social Contribution ◽  
Negative Effect

The aim of the paper is to analyze changes in taxation and their impact on economic growth in the European Union. The analysis is performed on adjusted annual panel data of 24 European Union countries in a period 1995–2008. Panel regression with fixed effects is used as a basic method of research. The panel regression is based on analysis the effect of total tax quota changes on GDP growth in model 1, of changes in its components (social contribution, direct and indirect tax quotas) in model 2 and of personal and corporate income tax quota changes in model 3. Results of empirical tests verify statistically significant negative effect of tax burden on GDP growth. Total tax quota increased by 1% decreases the GDP growth rate by 0.29% in the same year. Estimations confirm a statistically significant negative effect of direct taxes on GDP growth as well. A cut in the direct tax quota by 1% raises the GDP growth rate by 0.43%. The model also presents a high negative impact of an increase in the corporate income tax quota on GDP growth (a value of the regression coefficient is minus 1.28%). The effect of social contribution quota on GDP growth is not statistically significant in any estimation.

scholarly journals The Role of EU Innovation Policies in the Sustainable Development of the Energy Sector

2017 ◽  
Vol 62 (2) ◽  
pp. 3-19 ◽  
Author(s):  
Olesea Sirbu ◽  
Rodica Crudu ◽  
Augustin Ignatov
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Energy Sector ◽  
Sustainable Growth ◽  
The European Union ◽  
Demographic Pressure ◽  
The Sustainable Development ◽  
Global Power ◽  
Energy Domain ◽  
The Impact

Abstract In the present conditions when the demographic pressure upon the environment is higher than ever, the humanity faces the challenge of sustainability. Namely the sustainability of human activities is important and nothing can assure it better than sustainable energy supplies. The European Union is the leading global power in terms of adjusting its policies to increase innovation to assure a sustainable growth of its energy sector as a key to an advanced economic system. The present research focuses on the impact of European Union policies on the sustainable development of its energy sector by analyzing quantitatively and qualitatively various indicators intended to offer a throughout insight. The results obtained focus on the identification of the main innovation paradigms; the description of the main modern environmental challenges, especially in the energy domain; the determination of the relation between innovation and energy sustainability, and its analysis at the level of European Union.

Sign in / Sign up

Export Citation Format

Share Document