scholarly journals Finance, Sustainability and Negative Externalities. An Overview of the European Context

2019 ◽  
Vol 11 (15) ◽  
pp. 4249 ◽  
Author(s):  
Magdalena Ziolo ◽  
Beata Zofia Filipiak ◽  
Iwona Bąk ◽  
Katarzyna Cheba ◽  
Diana Mihaela Tîrca ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Western Europe ◽  
Negative Impact ◽  
Developed Countries ◽  
Special Focus ◽  
The European Union ◽  
Negative Externalities ◽  
Eu Countries ◽  
Sustainable Finance ◽  
The Impact

The goal of the paper is to examine the relation between finance and sustainability, with a special emphasis on the impact of negative externalities. Sustainable development as a concept aims to mitigate negative externalities. Conventional finance offers no room for the environment and society. Therefore, three-dimensional sustainable finance has appeared. This paper is the first original attempt to examine the relationship between: financial, economic, environmental and social development indicators from the sustainability perspective, with a special focus on externalities. To study the disparities between the European Union (EU) countries belonging to the OECD in the field of sustainable development and sustainable finance, the multi-criteria taxonomy was used. The basis of the analyses was the indicators transformed according to the relative taxonomy method. The database, based on Eurostat, contains indicators describing pillars of sustainable development such as: economic (12 indicators), social (28), environmental (7) and sustainable finance (16). The study analyses the sample of 23 countries in 2007, 2013 and 2016. The results confirm a positive relationship among the analysed indicators. On the basis of 62 statistical features selected according to the statistical methods, 7 groups of countries were obtained in 2007 and 2013 and 8 groups in 2016. In the case of Scandinavian countries, one can observe a permanent separation of economic growth from its negative impact on the natural environment. Such dependencies are no longer so obvious in the case of other EU countries belonging to the Organization for Economic Cooperation and Development (OECD). Therefore, attention should be paid to the most economically developed countries in Western Europe, i.e., Belgium, Germany, Luxembourg, the Netherlands and the United Kingdom, whose high rankings in the case of economic, social and very often also financial results correspond to much worse results in the case of environmental development.

scholarly journals Comparison of Ukraine and the EU on Key Indicators of a Healthy Economy

2020 ◽  
pp. 134-141
Author(s):  
L.Yu. Saher ◽  
N.Ye. Letunovska ◽  
A.P. Nazarenko
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Socioeconomic Development ◽  
Negative Impact ◽  
Developed Countries ◽  
The European Union ◽  
Economic Management ◽  
Social Risks ◽  
Target Values ◽  
Key Indicators

Modern approaches to economic management are based on sustainable development principles, which ensure the balance between economic, environmental, and social targets of public policy, balancing society's current and future interests. The mechanism for achieving the target values of sustainable development indicators is the formation of a healthy economy. A healthy economy provides opportunities for stable growth and minimizes social risks caused by economic problems. The importance of forming a healthy economy is confirmed by a significant amount of research on this topic in developed countries, particularly the European Union. The Ukrainian scientific community ignores this issue. That indicates different economic management approaches, identifying priorities for its development, coordinating economic and social, strategic, and tactical goals. The paper presents a comparative analysis of key indicators that determine a healthy economy. Such indicators include GDP, employment, and inflation. According to numerous studies, these indicators are the most indicative in assessing the economic system to determine whether it can be considered healthy. As a result of the study, significant differences in Ukraine and the European Union's studied indicators were revealed. Based on statistical information, a steady upward trend in key indicators of socioeconomic development in the European Union has been established. Instead, similar indicators in Ukraine indicate economic instability, which has a significant negative impact on the country's further development and the prospects for a healthy economy. Thus, the analysis allows us to conclude that the European Union's economy generally meets the definition of a healthy economy and creates the conditions for sustainable development of the European Union. Instead, Ukraine's economy is focused on solving tactical problems and cannot solve socio-economic development's strategic tasks.

scholarly journals Public Opinion on Immigration

2019 ◽  
Author(s):  
Kristina Victor
Keyword(s):  
Public Opinion ◽  
News Media ◽  
Western Europe ◽  
Negative Impact ◽  
Attitudes And Beliefs ◽  
The European Union ◽  
National Economic ◽  
Negative Impacts ◽  
Immigration Issue ◽  
The Impact

The movement of people within states and across state borders has occurred for hundreds of years. Research examining how, when, and why domestic populations perceive of positive or negative impacts from the rise or fall of immigration is examined in the following sections. Within the literature on public opinion and immigration, various themes, immigrant groups, and domestic populations are examined; public opinion in receiving countries tends to be limited to North America, western Europe, and Australia. The first theme examines the impact of immigrant types—certain immigrants are viewed more favorably than others. The frames used by elites and the news media help to develop the notion of deservedness or usefulness of immigrant types. How often the immigration issue is in the news or in the political sphere, along with the tone of the coverage, heightens the salience and can influence public opinion on immigration. The second theme examines the role of economics at the personal, regional, or national levels. This research examines more than just personal or national economic context; it also examines additional underlying attitudes and beliefs about racial and ethnic groups, such as group threat and proximity to immigrant groups, that may be active or latent and influence public opinion on immigration. The third theme examines when and how public opinion on immigration influences other policy areas, such as individual preferences for further integration in the European Union (EU), or support for welfare and other redistributive programs sponsored by the state. The fourth theme is how and when public opinion on immigration changes—what explains periods of slow and steady support or opposition, versus periods of rapid or volatile changes to public opinion on immigration. There are a few recurring points of interest across the several broad themes outlined above: (1) perceptions of positive or negative impact of immigrants in the receiving country, (2) perceptions of the number of immigrants compared to domestic populations in receiving country, and (3) the current salience and context of the immigration issue in the receiving country.

scholarly journals Modeling the interaction between environment and the economy considering the impact on ecosystem

2020 ◽  
Vol 166 ◽  
pp. 13002 ◽  
Author(s):  
Viktor Koval ◽  
Inesa Mikhno ◽  
Olena Trokhymets ◽  
Liliya Kustrich ◽  
Nataliia Vdovenko
Keyword(s):  
Negative Impact ◽  
Target Function ◽  
Developed Countries ◽  
Waste Minimization ◽  
Financial Resources ◽  
Negative Externalities ◽  
Environmentally Conscious ◽  
The Impact ◽  
Profitability Ratios ◽  
Protection Activity

The problem of anthropogenic impact is becoming more acute every year. The basis of entrepreneurship is to maximize profits and increase profitability ratios. However, when calculating economic indicators, changes in the natural potential and the impact of any activity on the environment are not analyzed. In developed countries, more and more emphasis is focused on socially and environmentally conscious entrepreneurship, however, business is still predominant in the world, where the result of activity is an increase in financial resources due to environmental degradation. At the same time, there is an improvement in the situation with financing environmental protection activity. An increase of the population’s consciousness is of a point-like nature, while the ecosystem continues to degrade. It is proved that the negative externalities that were described in the model by Pigou, Leontyev-Ford and others must be taken into account. The necessity of taking waste minimization and negative impact on the environment as a target function is justified. It is proposed to solve this problem systematically and to take into account the effect of the accumulation of negative implications of the impact on the ecosystem.

What Determines Fiscal Deficits in Europe? The Impact and Interaction of EMU Membership, Fiscal Rules, Fiscal Councils and Creative Accounting

2020 ◽  
Vol 71 (1) ◽  
pp. 15-41
Author(s):  
Dominik Maltritz ◽  
Sebastian Wüste
Keyword(s):  
Fiscal Rules ◽  
Special Focus ◽  
Annual Data ◽  
Budget Balance ◽  
Fiscal Deficits ◽  
Eu Countries ◽  
Creative Accounting ◽  
Stock Flow ◽  
The Impact

AbstractWe search for drivers of fiscal deficits in Europe using a data panel containing annual data of 27 EU countries in the years 1991–2012. Our special focus is on the influence of fiscal rules as well as on fiscal councils, i. e. institutions that may help to reduce deficits and enforce fiscal rules by advising governments. We distinguish between internal fiscal rules and external rules that result from EMU membership. In addition, we consider the impact of “creative accounting”, i. e. measures that help to circumvent fiscal rules, which we approximate by so called stock-flow-adjustments. We especially analyze the interactive influence of the mentioned variables on the budget balance.

scholarly journals New Plant Breeding Technologies: An Assessment of the Political Economy of the Regulatory Environment and Implications for Sustainability

2021 ◽  
Vol 13 (7) ◽  
pp. 3687
Author(s):  
Vincent Smith ◽  
Justus H. H. Wesseler ◽  
David Zilberman
Keyword(s):  
Political Economy ◽  
Sustainable Development ◽  
Development Policy ◽  
Regulatory Environment ◽  
The European Union ◽  
Policy Makers ◽  
International Policies ◽  
Modern Biotechnology ◽  
The Impact ◽  
The Eu

This perspective discusses the impact of political economy on the regulation of modern biotechnology. Modern biotechnology has contributed to sustainable development, but its potential has been underexplored and underutilized. We highlight the importance of the impacts of regulations for investments in modern biotechnology and argue that improvements are possible via international harmonization of approval processes. This development is urgently needed for improving sustainable development. Policy makers in the European Union (EU) in particular are challenged to rethink their approach to regulating modern biotechnology as their decisions have far ranging consequences beyond the boundaries of the EU and they have the power to influence international policies.

scholarly journals The Impact of Sustainability Awareness and Moral Values on Environmental Laws

2021 ◽  
Vol 13 (11) ◽  
pp. 5882
Author(s):  
Rita Yi Man Li ◽  
Yi Lut Li ◽  
M. James C. Crabbe ◽  
Otilia Manta ◽  
Muhammad Shoaib
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Environmental Law ◽  
Developed Countries ◽  
Moral Values ◽  
Web Pages ◽  
Environmental Legislation ◽  
Environmental Laws ◽  
Academic Publications ◽  
The Impact

We argue that environmental legislation and regulation of more developed countries reflects significantly their moral values, but in less developed countries it differs significantly from their moral values. We examined this topic by using the keywords “sustainability” and “sustainable development”, studying web pages and articles published between 1974 to 2018 in Web of Science, Scopus and Google. Australia, Zimbabwe, and Uganda were ranked as the top three countries in the number of Google searches for sustainability. The top five cities that appeared in sustainability searches through Google are all from Africa. In terms of academic publications, China, India, and Brazil record among the largest numbers of sustainability and sustainable development articles in Scopus. Six out of the ten top productive institutions publishing sustainable development articles indexed in Scopus were located in developing countries, indicating that developing countries are well aware of the issues surrounding sustainable development. Our results show that when environmental law reflects moral values for betterment, legal adoption is more likely to be successful, which usually happens in well-developed regions. In less-developed states, environmental law differs significantly from moral values, such that changes in moral values are necessary for successful legal implementation. Our study has important implications for the development of policies and cultures, together with the enforcement of environmental laws and regulations in all countries.

scholarly journals Human Rights in the Least Developed Countries of Asia: An Index for Quantifying Sustainable Development Goal 3 (Good Health and Wellbeing)

2021 ◽  
Vol 18 (9) ◽  
pp. 4747
Author(s):  
Karen G. Añaños Bedriñana ◽  
José Antonio Rodríguez Martín ◽  
Fanny T. Añaños
Keyword(s):  
Sustainable Development ◽  
Maternal Education ◽  
Good Health ◽  
Developed Countries ◽  
Least Developed Countries ◽  
Sustainable Development Goal ◽  
Distance Method ◽  
Development Goal ◽  
Health And Wellbeing ◽  
The Impact

This paper aims to measure disparities among the variables associated with Sustainable Development Goal (SDG) 3 defined by the United Nations (UN) in the least developed countries (LDCs) of Asia. In the terms of the UN Conference on Trade and Development, LDCs are countries with profound economic and social inequalities. The indicator was constructed using a set of variables associated with SDG3: Good Health and Wellbeing. Applying Pena’s DP2 distance method to the most recent data available (2018) enables regional ordering of Asia’s LDCs based on the values of these variables. The index integrates socioeconomic variables that permit examination of the impact of each individual indicator to determine territorial disparities in terms of the partial indicators of SDG3. “Maternal education,” “Proportion of women who make their own informed decisions regarding sexual relations, contraceptive use, and reproductive health care,” and “Gender parity index in primary education” are the most important variables in explaining spatial disparities in good health and wellbeing in the LDCs of Asia.

scholarly journals Impact of Land Use Change on Water Conservation: A Case Study of Zhangjiakou in Yongding River

2020 ◽  
Vol 13 (1) ◽  
pp. 22
Author(s):  
Tianshi Pan ◽  
Lijun Zuo ◽  
Zengxiang Zhang ◽  
Xiaoli Zhao ◽  
Feifei Sun ◽  
...  
Keyword(s):  
Land Use ◽  
Sustainable Development ◽  
Water Conservation ◽  
Land Use Changes ◽  
Water Yield ◽  
Special Focus ◽  
Hydrological Process ◽  
Significant Difference ◽  
The Impact ◽  
Yongding River

The implementation of ecological projects can largely change regional land use patterns, in turn altering the local hydrological process. Articulating these changes and their effects on ecosystem services, such as water conservation, is critical to understanding the impacts of land use activities and in directing future land planning toward regional sustainable development. Taking Zhangjiakou City of the Yongding River as the study area—a region with implementation of various ecological projects—the impact of land use changes on various hydrological components and water conservation capacity from 2000 to 2015 was simulated based on a soil and water assessment tool model (SWAT). An empirical regression model based on partial least squares was established to explore the contribution of different land use changes on water conservation. With special focus on the forest having the most complex effects on the hydrological process, the impacts of forest type and age on the water conservation capacity are discussed on different scales. Results show that between 2000 and 2015, the area of forest, grassland and cultivated land decreased by 0.05%, 0.98% and 1.64%, respectively, which reduces the regional evapotranspiration (0.48%) and soil water content (0.72%). The increase in settlement area (42.23%) is the main reason for the increase in water yield (14.52%). Most land use covered by vegetation has strong water conservation capacity, and the water conservation capacity of the forest is particularly outstanding. Farmland and settlements tend to have a negative effect on water conservation. The water conservation capacity of forest at all scales decreased significantly with the growth of forest (p < 0.05), while the water conservation capacity of different tree species had no significant difference. For the study area, increasing the forest area will be an effective way to improve the water conservation function, planting evergreen conifers can rapidly improve the regional water conservation capacity, while planting deciduous conifers is of great benefit to long-term sustainable development.

scholarly journals The Impact of the Implementation of Cohesion Policy on the Sustainable Development of EU Countries

2019 ◽  
Vol 11 (15) ◽  
pp. 4173 ◽  
Author(s):  
Ramona Pîrvu ◽  
Cristian Drăgan ◽  
Gheorghe Axinte ◽  
Sorin Dinulescu ◽  
Mihaela Lupăncescu ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Cohesion Policy ◽  
Member States ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Eu Countries ◽  
Starting Point ◽  
The Impact ◽  
Official Data ◽  
The Eu

The impact of implementation of cohesion policy on the sustainable development of EU countries is of great interest and presents a number of actual challenges. This research aims to evaluate the impact and the effects of the cohesion policy among the Member States using hierarchical clustering analysis in order to identify how the selected variables affect the sustainable development adopted models. The variables used in the analysis were selected on the basis of official data provided by the European Commission, SDG Index and Dashboards Reports and the EU Cohesion Monitor. The results of the research have led to the grouping of the 28 Member States in a number of six clusters, identifying performers but also those countries that have a high potential for sustainable development or which require increased attention to be sustained in recovering existing gaps. The results of the study can be a starting point for policy makers and other stakeholders involved in their efforts to support sustainable development through effective and effective policies.

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.

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