TITLE:
Sustainable Development at the Frames of the Strategy “Europe 2020”
AUTHORS:
Athanasios Anastasiou, Pasiopoulou Marietta
KEYWORDS:
Sustainable Development/Growth, Climate Change, Environment, Europe 2020
JOURNAL NAME:
Theoretical Economics Letters,
Vol.10 No.3,
May
21,
2020
ABSTRACT: The environmental protection and the sustainable
development, the growth that takes place in parallel and equal promotion of the
economy, the society and the environment are now identified necessities and
important priorities of the international community. The sustainable development
in accordance to the Strategy of “Europe 2020” provides the ability to use
technological and scientific achievements in such a way as to create
alternative political proposals to ensure increased productivity, efficiency,
social consistency and of course, the prudent management of natural resources.
This research aims to explain the importance of the implementation of the
sustainability/sustainable development/growth and how it is linked to EU’s
development in some areas (economy, environment). It was created a specific
thematic index concerning the sustainable development, to ascertain how various
macroeconomic variables and variables related to the environmental growth
affect it. Based on the index of “Europe
2020”, the way was developed by Pasimeni (2011), in order to quantify and measure
the progress of the EE28 countries. The analysis of the performance of each
country member of the EU, in the frames of this strategy, as
far as concerned their economic and environmental conditions, but also, the
development of a methodological framework for the measurement of their benefits
through the creation of a panel data model regression, are the objects of
interest of this paper. The results showed the deviation of the countries of
their goals set by 2020, concluding that institutional factors influence the
course of an economy more than macroeconomic factors do.