scholarly journals MATHEMATICAL ASSESSMENT ON DYNAMICS OF GOVERNMENT EXPENDITURES AND GROSS DOMESTIC PRODUCT PER CAPITA, IN ROMANIA AND EUROPEAN UNION

2021 ◽  
Vol 21 (1) ◽  
pp. 199-220
Author(s):  
MARILENA CARMEN UZLAU ◽  
NICOLAE MIHAILESCU ◽  
CORINA MARIA ENE ◽  
CONSTANTIN AURELIAN IONESCU ◽  
LILIANA PASCHIA ◽  
...  
Keyword(s):  
European Union ◽  
Government Spending ◽  
Sustainable Growth ◽  
Gdp Per Capita ◽  
Public Order ◽  
Regression Equations ◽  
The European Union ◽  
Endogenous Variables ◽  
Per Capita ◽  
Definition Of

The research purpose represents the identification and mathematical definition of some models expressed by regression equations describing the GE per inhabitant according to the GDP per inhabitant. The study is customized at EU level and in seven states located in the Eastern-EU (RO, PL, GR, BG, SI, SK and HU) for the period 2009-2018. The research methodology is based on econometric modelling and testing of their viability. Relevant conclusions are also made regarding RO's position in the European Union in terms of government spending. The research provides useful information to substantiate micro and macroeconomic decisions designed to ensure a dynamic of GE’s sustainable growth on education, health, general public services, defense, public order and safety. Based on the developed econometric models, values of endogenous variables (GE per capita) can be estimated depending on the variants of predictable scenarios for the size of the GDP per capita.

scholarly journals THE CONTRIBUTION OF MIGRATION TO ECONOMIC GROWTH: THE EXAMPLE OF THE CITY OF ZAGREB

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Vinko Miličević ◽  
Danijel Knežević ◽  
Zoran Bubaš
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Activity ◽  
Economic Benefits ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
The Republic ◽  
The Impact ◽  
The City

The problems in this paper belong to the field of migration and economy. The connection between migration and the economy has been proven on a global level, and as far as the Republic of Croatia is concerned, it is especially important to observe it through the City of Zagreb, which is the most important migration and economic center in the Republic of Croatia. Also, the accession of the Republic of Croatia to the European Union emphasized the observation and research of this connection because it created the preconditions for freer movement and employment of the population of the Republic of Croatia and the City of Zagreb within the European Union. The aim of this paper is to determine the contribution of migration to the economic growth of the City of Zagreb. The hypothesis presented in the paper is that there is a significant contribution of migration to the economic growth of the City of Zagreb. The disposition of the paper consists of six parts. The introduction explains the relevance of the topic, states the aim of the paper and hypotheses, explains the empirical part, the contribution of the paper and the disposition. The second part of the paper refers to the theoretical framework of the impact of migration on economic growth. The third part of the paper presents the migration processes of the City of Zagreb in the period from 2011 to 2018. The fourth part deals with economic activity in the City of Zagreb in the period from 2011 to 2017. The observed indicators of economic activity in the City of Zagreb are GDP and GDP per capita, and the graph in this part of the paper shows that GDP and GDP per capita in the observed period are higher at the end of the period than at the beginning. The fifth part of the paper refers to the empirical research of the contribution of migration to the economic growth of the City of Zagreb. The empirical part of the paper is based on correlations and regression analyses. This paper proves the hypothesis because the results indicate a significant impact of the variables of total and external migration on the GDP of the City of Zagreb and GDP per capita of the City of Zagreb. Decision-makers in the City of Zagreb can use the results of the research as a basis for maximizing the economic benefits they can get from migration. The conclusion provides an overview of the aim of the work, the results of the research, the limitations, the implications and the recommendations for future research.

The effects of the economic crisis on income convergence in the European Union

2012 ◽  
Vol 62 (2) ◽  
pp. 161-182 ◽  
Author(s):  
Nenad Stanišić
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Purchasing Power Parity ◽  
Gdp Per Capita ◽  
The European Union ◽  
Income Convergence ◽  
Power Parity ◽  
Trade Theory ◽  
Per Capita

This paper evaluates income convergence in the European Union, between “old” (EU15) and “new” member states from Central and East Europe (CEE10), and among the countries within these two groups. The GDP per capita convergence should be expected according to the exogenous economic growth model and neoclassical trade theory. The presence of σ-convergence and both absolute and conditional β-convergence is tested for on a sample of 25 European Union countries (EU25). Results confirm the existence of β-convergence of GDP per capita at purchasing power parity among EU25, but not among EU15 and CEE10 countries. σ-convergence has been confirmed among EU25 and CEE10 countries, while GDP per capita has been diverging in the EU15 group of countries. Moreover, the results reveal that recent economic crisis has reversed long-term tendencies and led to income convergence within EU15 and divergence within CEE10. During the crisis, the income differences among the EU25 countries have increased, but the scope and duration of this effect has been limited and has not affected the long term convergence path. However, the obtained long term speed of convergence is significantly lower compared with the previous researches.

scholarly journals COMMENCEMENT OF NEGOTIATIONS AND A SIGNIFICANTLY INCREASED PRESENCE OF THE EU AS THE BASIS OF STABLE GROWTH AND DEVELOPMENT OF BOSNIA AND HERZEGOVINA

2018 ◽  
pp. 147-166
Keyword(s):  
European Union ◽  
Bosnia And Herzegovina ◽  
Socioeconomic Development ◽  
Eu Enlargement ◽  
Negotiation Process ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
Slow Tempo ◽  
The Eu

It is important for Bosnia and Herzegovina, but also for the European Union, that the negotiation process begins as soon as possible. Real changes in the legal, administrative and political sense commence only with fulfilment of benchmarks for opening and closing of chapters. The negotiation process is also important for learning and progressing in the understanding of European policies which help to strengthen state institutions, democracy and openness to grow and result with stronger economic growth due to an increased level of trust and safety. It is important for the European Union that the country at the very heart of Europe, which belongs to Europe not only geographically, but also historicallyand in terms of tradition and culture becomes a part of it as soon as possible and also in terms of the standards it applies. In this paper we give an overview of recommendations that the European Commission has provided to Bosnia and Herzegovina since 2002, and it is precisely from the recommendations which are being repeated each year that the most important challenges which Bosnia and Herzegovina needs to solve are still visible. Rule of law, respecting human rights and rights of minorities, as well as the constitutionality of the three nations, in addition to a fast and efficient judicial system and the public sector as a whole are the key elements for fulfilling political, legal and administrative criteria. In terms of GDP per capita in PPS, B&H has been converging during the last ten years, however with a very slow tempo. Thereby in 2005 GDP per capita in PPS amounted to 24 % in relation to EU28, whereas during the last four years it amounted to 29%. At the moment B&H is significantly lagging behind even the least developed Member States and convergence towards the EU average is necessary because on the current level B&H could not equally participate in the EU Single Market, and accession would create more obstacles than advantages. The EU is expected to take a more active approach in solving the challenges of economic convergence of B&H, therefore in this paper is provided and overview of the priorities of the new EU Enlargement Strategy in which support to socioeconomic development is pointed out as one of the initiatives.

scholarly journals Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

Energies ◽  
2019 ◽  
Vol 12 (13) ◽  
pp. 2520 ◽  
Author(s):  
Mihaela Simionescu ◽  
Yuriy Bilan ◽  
Emília Krajňáková ◽  
Dalia Streimikiene ◽  
Stanisław Gędek
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
European Union Member State ◽  
Electricity Sector ◽  
Gdp Per Capita ◽  
Future Research ◽  
The European Union ◽  
Real Gdp Per Capita ◽  
Per Capita

Considering that the European Directive has imposed that at least 20% of the total energy should come from renewable energy sources (RES) by 2020 already and the specific targets for each European Union Member State, this paper attempts to assess the importance of GDP per capita in realizing these targets and also the effects of the RES share in electricity. Contrary to previous research, this paper does not consider the connection between economic growth and RES, but rather the potential connection between the share of RES in electricity and the real GDP per capita. The panel data models indicated to a positive, but very low impact of GDP per capita on the share of RES in electricity in the period of 2007–2017 in the case of the EU countries, except Luxembourg that has outlier values of GDP per capita. However, causality between the two variables was not identified. Some groups of countries were described according to these variables using cluster analysis. Future research should focus on the extension of this model by including other important variables such as RES potential available in the countries with specific geographical conditions.

scholarly journals Asymmetry of the economic development of cross-border areas in the European Union: assessment and typology

Europa XXI ◽  
2020 ◽  
Vol 39 ◽  
pp. 45-62
Author(s):  
Andrzej Jakubowski
Keyword(s):  
European Union ◽  
Economic Development ◽  
Gdp Per Capita ◽  
The European Union ◽  
Cross Border ◽  
Economic Sphere ◽  
Per Capita ◽  
Border Areas ◽  
The Eu ◽  
Spatially Differentiated

The article aims to characterise the phenomenon, determine the degree, and analyse the dynamics and directions of change in the level of asymmetry of economic development of cross-border areas in the European Union (EU) based on GDP per capita (PPP). It also aims to propose a typology of cross-border areas in the EU considering the above criteria. The obtained results show that despite a relatively evident reduction of the level of asymmetry of economic development in many cases in the period 1990-2015, and particularly after 2004, many cross-border areas show significant disparities in the economic sphere. Moreover, the dynamics of the observed transformations remain spatially differentiated.

scholarly journals Estimating the Growth Effects of 2004 Eastern Enlargement of the European Union

2021 ◽  
Vol 14 (3) ◽  
pp. 128
Author(s):  
Andrzej Cieślik ◽  
Mehmet Burak Turgut
Keyword(s):  
European Union ◽  
Control Method ◽  
Positive Impact ◽  
Eu Enlargement ◽  
Gdp Per Capita ◽  
The European Union ◽  
Eastern Enlargement ◽  
Growth Effects ◽  
Per Capita ◽  
The Eu

In this paper, we study the growth effects of the 2004 Eastern enlargement of the European Union (EU) using the synthetic control method. We estimate that this EU enlargement had an immediate but modest positive impact on the economic growth of the EU-8 countries in the first few years following their EU accession. The positive impact of the EU enlargement became more apparent from 2007 when the new EU member states were admitted into the Schengen zone. As a result, the gross domestic product (GDP) per capita difference between the actual and synthetic EU-8 continued to grow towards the end of the sample period. We found that over the entire 2004–2012 period, GDP per capita of the EU-8 was increased by about 2313 USD per year on average relative to the synthetic EU-8. The growth rate of the GDP per capita in the actual EU-8 for the same period was 2.7% larger than the synthetic EU-8.

scholarly journals A STUDY OF THE ENVIRONMENTAL KUZNETS CURVE FOR TRANSPORT GREENHOUSE GAS EMISSIONS IN THE EUROPEAN UNION

2020 ◽  
Vol 18 (3) ◽  
pp. 513
Author(s):  
Nikola Petrović ◽  
Nebojša Bojović ◽  
Marijana Petrović ◽  
Vesna Jovanović
Keyword(s):  
European Union ◽  
Ghg Emissions ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Kuznets Curve ◽  
The European Union ◽  
Per Capita ◽  
The Developed Countries ◽  
The Relationship ◽  
The Eu

In view of the European Union as one of the main polluters in the word and the fact that GDP per capita in the European Union is equivalent to the 282 percent of the world`s average, it is interesting to study the relationship between transport GHG emissions and the economic activity within the European Union. In the paper, the authors check the environment Kuznets curve hypothesis for members of the EU over the period 2000-2014. The analysis results show that an inverse-U relationship exists between transport GHG emissions and GDP per capita. At the same time, the results indicate that the change of economic structure has influenced the transport GHG emissions in the developed countries, that is, in the countries that record a higher level of GDP per capita.

scholarly journals Influence of the level of development of the digital environment on the trend of gross domestic product in the countries of the European Union

2020 ◽  
Vol 211 ◽  
pp. 04006
Author(s):  
Zaytsev Andrey ◽  
Konikov Evgeniy ◽  
Busheneva Yulia ◽  
Doleva Zarema
Keyword(s):  
European Union ◽  
Information And Communications Technology ◽  
Gdp Per Capita ◽  
High Tech ◽  
Communications Technology ◽  
The European Union ◽  
Digital Products ◽  
Digital Development ◽  
Per Capita ◽  
The Impact

The paper characterizes the specifics of the impact of digitalization processes on such an indicator as GDP per capita: case study of the European Union countries. The literature dedicated to the matters of the relationship between digitalization and economic growth is reviewed. Based on the statistical data, a regression model is built to determine the dependencies between the GDP of European Union member countries and the economic digitalization indicators. An equation formed in the research can be used to demonstrate the dependence between GDP per capita and the accessibility of information and communications technology and its usage by organizations, households, and private persons in the territory of the European Union. According to the result obtained, the following possible options were formulated for the development of the European Union economies concerning digitalization: stimulating the introduction of information and communications technology in enterprises (including tax incentives for the firms involved in entrepreneurial digital development, as well as growing investments in the existing assets), households (increasing trust of the population in digital products; increasing human capital, which is highly demanded by the digital economy; prospects of the electronic postal trade system); focus on the export of high-tech products.

scholarly journals Economic Growth and Environmental Quality in the European Union Countries – Is there Evidence for the Environmental Kuznets Curve?

2015 ◽  
Vol 45 (1) ◽  
pp. 108-126 ◽  
Author(s):  
Anna Mazur ◽  
Zaur Phutkaradze ◽  
Jaba Phutkaradze
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Co2 Emissions ◽  
Environmental Kuznets Curve ◽  
Carbon Dioxide Emission ◽  
Gdp Per Capita ◽  
Kuznets Curve ◽  
The European Union ◽  
European Union Countries ◽  
Per Capita

Abstract This research empirically explores the relation between carbon dioxide emission and economic growth during the period 1992-2010, using panel data on the European Union countries. Both fixed and random effect models are employed to test the Environmental Kuznets Curve (EKC) relationship between CO2 emissions and GDP per capita. While no U-shaped EKC was confirmed empirically for all 28 current EU member states, the graphical analysis demonstrates a justified turning point for CO2 emissions as GDP per capita reaches the level of 23,000 USD. Furthermore, there is a firm empirical ground for the EKC hypothesis based on data from 16 older, relatively high-income EU states. Thus, though not empirically confirmed, there is ample data verifying the existence of the EKC in EU economies.

scholarly journals Economic Growth and Investment Activity as Basic Elements and Indicators of Economic Security and Their Relationship with National and International Security

2018 ◽  
Vol 24 (2) ◽  
pp. 76-81
Author(s):  
Elitsa Petrova
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Economic Security ◽  
Gdp Per Capita ◽  
The European Union ◽  
Investment Activity ◽  
Per Capita ◽  
The Republic

Abstract The economic potential of a country is directly related to a policy of creating new jobs, increasing labour productivity, balancing energy and materials consumption, technological innovation, refurbishing the production base, and taking action to create an environment for attracting investment and stimulating domestic consumption, as well as increasing exports of goods and services. A key feature of the economic system, that determines its ability to maintain normal living and working conditions for the population, is to guarantee and protect the sustainable development of the economy and the realisation of national economic interests. This article is addressed to two main economic security indicators - economic growth and investment activity of the state. It presents a specific comparison of real GDP per capita and growth rate in the European Union, the Eurozone and the Republic of Bulgaria and GDP per capita in purchasing power standards in the European Union, the Eurozone and the Republic of Bulgaria. The flow of foreign direct investment by economic sectors in the Republic of Bulgaria is been considered, including annual data, foreign direct investment flows by countries and the international position of the Republic of Bulgaria in this process

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