scholarly journals The impact of logistics sector on sustainable development

2019 ◽  
pp. 75-81
Author(s):  
Deimantė Šulskytė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Sustainable Development ◽  
Global Economy ◽  
Theoretical Concepts ◽  
Global Competitiveness ◽  
European Union Countries ◽  
Comprehensive Development ◽  
Macroeconomic Indicators ◽  
The Impact

In the context of global economy, logistics activities are necessary for ensuring the global competitiveness of other sectors and comprehensive development of the country. In the recent years, the concept of sustainable development is changing the meaning of economic growth. Taking into account the meaning of logistics and principles of sustainable development, the main aim of the article is to assess the impact of the logistics sector on sustainable development. In order to achieve this aim, theoretical concepts of sustainable development, logistics and its relationship are revealed , as well as key macroeconomic indicators and indices are identified and applied when evaluating the impact of logistics sector on sustainable development. The findings indicate that in the context of European Union countries, logistics sectors related with transport and IT factors significantly influence different indices of sustainable development.

scholarly journals The Sharing Economy in the Framework of Sustainable Development Goals: Case of European Union Countries

2021 ◽  
Vol 13 (15) ◽  
pp. 8312
Author(s):  
Vilma Karobliene ◽  
Vaida Pilinkiene
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Economic Assessment ◽  
Sharing Economy ◽  
Economic Dimension ◽  
European Union Countries ◽  
Development Goals ◽  
The Impact

The aim of this research study was to establish a framework for the relationships between the sharing economy and the Sustainable Development Goals (hereinafter, SDGs) set by the United Nations. There are 17 SDGs with 169 targets, which, in the scientific literature, are classified into sustainability dimensions: economic, social, and environmental. Thus, the objective of the current research was to perform an economic assessment of the sharing economy in the context of SDGs by analyzing European Union countries with a particular emphasis on their economic growth. Although the sharing economy has been analyzed from different aspects in recent scientific articles, the impact of this phenomenon on national economies in the framework of SDGs is lacking. Firstly, based on the latest research on the sharing economy from the perspective of sustainable development, a theoretical model of the sharing economy was developed in this study. Secondly, SDG indicators in the economic dimension and other key economic growth variables for European Union countries were collected. Thirdly, a cluster analysis was performed to determine the impact of the sharing economy on European Union countries in terms of SDGs in the economic dimension. The current study contributes to the existing research by analyzing the sharing economy from the perspective of sustainable economic development and highlights that this business model positively impacts countries’ economic sustainability in terms of SDGs.

scholarly journals Are International Indices Good Predictors of Economic Growth? Panel Data and Cluster Analysis for European Union Countries

2021 ◽  
Vol 13 (11) ◽  
pp. 6003
Author(s):  
Manuel Carlos Nogueira ◽  
Mara Madaleno
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Human Development ◽  
Empirical Studies ◽  
The European Union ◽  
Global Competitiveness ◽  
Environmental Performance Index ◽  
European Union Countries ◽  
And Cluster Analysis

Every year, news about the publication of rankings and scores of important international indexes are highlighted, with some of the most prestigious being the Global Competitiveness Index (GCI), the Human Development Index (HDI), the Ease of Doing Business (EDB), the Environmental Performance Index (EPI) and the Global Entrepreneurship (GEI). A country’s progression in these indices is associated with economic growth, especially since several empirical studies have found evidence to reinforce these beliefs, the indices having been built based on the scientific literature on economic growth. Building a database on these indices for European Union countries between 2007 and 2017 and using panel data methodologies and then 2SLS (Two-Stage Least Squares) to solve the problem of endogeneity, we verify empirically through panel data estimates, what is the relationship between the mentioned indices and the European Union countries’ economic growth for the period. However, as the European Union is made up of diverse countries with different economic and social realities, we divided the countries into six clusters and made an individual interpretation for each one. We found that human development and competitiveness play an important role in economic growth, and entrepreneurship also impacts this growth. Regarding income distribution, applying the Gini index, we found that only human development mitigates inequalities.

Competitiveness and Economic Growth in the European Union

2018 ◽  
Vol 8 (8) ◽  
pp. 2408
Author(s):  
Natália ZAGORŠEKOVÁ ◽  
Michaela ČIEFOVÁ ◽  
Andrea ČAMBALÍKOVÁ
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Union Member ◽  
National Level ◽  
The European Union ◽  
Member States ◽  
Global Competitiveness ◽  
Global Competitiveness Index ◽  
The Impact ◽  
European Union Member States

The paper focuses on competitiveness at the national level and on the impact of competitiveness on economic growth. We look at the relationship between competitiveness and economic growth based on the data from the European Union member states. The competitiveness of the economies is measured by the Global Competitiveness Index, which is published by the World Economic Forum. The European Union member states show significant differences in competitiveness. In the sample examined, the positive relationship between the level of competitiveness and economic growth was not confirmed.

scholarly journals Government expenditure and economic growth in the European Union countries: New evidence

2017 ◽  
Vol 36 (36) ◽  
pp. 127-133 ◽  
Author(s):  
Marta Pascual Sáez ◽  
Santiago Álvarez-García ◽  
Daniela Castañeda Rodríguez
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
The Public ◽  
European Union Countries ◽  
The Impact ◽  
New Evidence ◽  
The Relationship

AbstractThis paper provides new evidence of the impact of government spending on economic growth in the European Union countries. Governments can adjust their levels of spending in order to influence their economies, although the relationship between these variables can be positive or negative, depending on the countries included in the sample, the period of estimation and the variables which reflect the size of the public sector. The results obtained based on regression and panel techniques suggest that government expenditure is not clearly related with economic growth in the European Union countries over the period 1994-2012.

scholarly journals MACROECONOMIC INDICATORS OF HAPPINESS: CASE OF THE EUROPEAN UNION COUNTRIES

2021 ◽  
Author(s):  
Nerajda FERUNI ◽  
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Life Satisfaction ◽  
Income Distribution ◽  
Fixed Effects ◽  
Least Square ◽  
The European Union ◽  
European Union Countries ◽  
Macroeconomic Indicators ◽  
Determinants Of Economic Growth

The aim of this paper is to test empirically the relationship between life satisfaction, another term used for happiness, and macroeconomic indicators such as GDP per capita, which is a proxy for economic growth, unemployment, inflation, income distribution and government expenditure in the European Union countries during the period of 2005-2017. The chosen variables are some of the most significant determinants of economic growth as well. Using the Fixed Effects model, which falls under the Panel Generalized Least Square method, the empirical results are in accordance with the literature review and suggest that unemployment and inflation have negative significant impacts on life satisfaction. Additionally, higher government expenditures and a higher level of economic growth lead to a higher level of life satisfaction in the EU countries, while unfair income distribution leads to a lower level of life satisfaction. Keywords: life satisfaction, macroeconomic indicators, economic growth, EU

scholarly journals THE IMPACT OF BIOFUELS UTILISATION IN TRANSPORT ON THE SUSTAINABLE DEVELOPMENT IN THE EUROPEAN UNION

2017 ◽  
Vol 23 (4) ◽  
pp. 667-686 ◽  
Author(s):  
Mihaela SIMIONESCU ◽  
Lucian-Liviu ALBU ◽  
Monica RAILEANU SZELES ◽  
Yuriy BILAN
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Sustainable Development ◽  
Energy Consumption ◽  
Positive Impact ◽  
The European Union ◽  
The Sustainable Development ◽  
Greenhouse Emissions ◽  
Causality Tests ◽  
The Impact

The biofuels sustainability in transport depends on the energetic products demand and the limited resources. According to European legislation, the energy consumption in transport from renewable energy in the European Union should increase by 10% till 2020. Considering the environmental requests related to greenhouse gases reduction and a lower dependency on oil fuels stimulated more the biofuels production, this research empirically assessed the impact of energy consumption in transport based on biodiesel and bioethanol on sustainable development in terms of economic growth and greenhouse emissions. Using dynamic panel and panel vector-auto-regression models for European Union countries during 2010–2015, we proved that only the energy consumption in transport based on biodiesel had a positive impact on economic growth. The greenhouse emissions did not have any impact on economic growth while the energy consumption in transport based on bioethanol negatively affected the economic growth. The Granger causality tests on panel data indicated a bilateral relationship between economic growth and energy consumption in transport based on biodiesel and between economic growth and energy consumption in transport based on bioethanol. Given these empirical results, the energy policies should focus on the higher utilisation of biodiesel in transport in the EU.

scholarly journals Consumption of Renewable Energy and Economic Growth

2017 ◽  
Author(s):  
Agnė Šimelytė ◽  
Gitana Dudzevičiūtė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Renewable Energy ◽  
Production Factors ◽  
The World ◽  
European Union Countries ◽  
Energy Trade ◽  
The Impact ◽  
State Of Art

The significance of renewable energy is highly recognized all over the world. However, the impact of consuming renewable energy on the economy is very often disputable and contravercial. The paper explores links between consumption of renewable energy, economic growth, trade, capital and labour. The study covers 28 European Union countries for the period from 1990 to 2012. Energy has been considered as one of production factors, which has a great impact on output. Thus, the neo-classical Cobb-Douglas function has been employed to reach the aim of the article. Following the relevant state-of-art, economic growth, consumption of renewable energy, trade, capital and labour are considered as separate factors. The analysis indicates that consumption of renewable energy boots economy in 12 countries out of 28. The neutrality hypothesis has been confirmed in 2 countries, while the conservation hypothesis has been proved in 6 cases. The weakest links between the consumption of renewable energy and other factors has been noticed in Luxembourgh’s case.

scholarly journals Analysis of knowledge-based economy impact on economic development in the European Union countries

2011 ◽  
Vol 13 (4) ◽  
pp. 5-25
Author(s):  
Edyta Dworak
Keyword(s):  
European Union ◽  
Economic Development ◽  
Research And Development ◽  
The European Union ◽  
Development Activity ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
European Union Countries ◽  
Macroeconomic Indicators ◽  
The Impact

Directions of changes in the world economy occurring in recent years show the transition from industrial era economy to knowledge-based economy. Increasing investments in fixed assets is no longer a sufficient way of ensuring permanent economic growth. Research-development activity, innovation and human capital become decisive factors of development. As an essential determinant of the innovativeness level of individual economies are considered expenditures on research and development designed to conduct basic, applied research and development activities as well as effects of these research appearing in the form of innovations. The objective of the article is to analyze correlative connections between the two main variables describing knowledge-based economy, that is between the share of R&D expenditures in GDP and R&D expenditures per capita, and the remaining characteristics of knowledge - based economy. Another aim of the article is to assess the impact of these two variables on the basic macroeconomic indicators in the European Union countries, and, connected with them, to analyze the impact of knowledge-based economy on economic development of these countries.

Similar and Different Aspects of Spatial Development Planning in Latvia and England

2018 ◽  
Vol 8 ◽  
pp. 61-67
Author(s):  
Irena Kukule ◽  
Vivita Pukite ◽  
Vita Cintina
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Spatial Development ◽  
Development Planning ◽  
European Countries ◽  
European Union Countries ◽  
Time Periods

Spatial sustainable development planning and providing is a very responsible process. During the process, many spatial development planning documents for specific different time periods on different planning levels are being developed. However, there are only slight differences between the spatial development planning in many European countries where few of them can notice more than the others. Latvia and England, two European Union countries, which had some significant changes in legislation regarding spatial development planning in 2011, were selected for the comparison. The research aims to evaluate similar and different aspects of spatial development planning in Latvia and England. To achieve the aim, the information on spatial development planning tendencies in both countries, legislation, development order of planning documents and other aspects. The result is a comparison of different and similar aspects of spatial development planning in Latvia and England.

scholarly journals The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis

2021 ◽  
Vol 13 (14) ◽  
pp. 7961
Author(s):  
Alexandra Fratila (Adam) ◽  
Ioana Andrada Gavril (Moldovan) ◽  
Sorin Cristian Nita ◽  
Andrei Hrebenciuc
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Maritime Transport ◽  
The European Union ◽  
Panel Data Regression ◽  
Green Investment ◽  
Port Infrastructure ◽  
The Impact

Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns.

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