IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v14y2012i32p485-500.html
   My bibliography  Save this article

An Empirical Study on Key Indicators of Environmental Quality: Green Budgeting - a Catalyst for Sustainable Economy and a Factor for Institutional Change

Author

Listed:
  • Violeta – Maria Cimpoeru

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

This paper presents the phenomenon of institutional change through the implementation of sustainable strategies of medium-term budgeting, having as an effect the growth of opportunity to attract proper resources for social and environmental programs. The study analyzes green budget practices and suggests several ways to use them in order to ensure consistency in implementing key elements of sustainable economy. Thus, we conducted an empirical study to explain the decisive factors impact (greenhouse gas emissions and national income) on health expenditure and we obtained statistically significant positive relationship, suggesting that green budgeting is an important factor for sustainable economy. The reasons behind the introduction of a sustainable perspective for budgeting in any country are important since they will dictate, to a large extent, the way the medium term budgeting will be institutionalized.

Suggested Citation

  • Violeta – Maria Cimpoeru, 2012. "An Empirical Study on Key Indicators of Environmental Quality: Green Budgeting - a Catalyst for Sustainable Economy and a Factor for Institutional Change," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 485-500, June.
    • Handle: RePEc:aes:amfeco:v:14:y:2012:i:32:p:485-500
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_1139.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:dau:papers:123456789/7463 is not listed on IDEAS
    2. Thijs Zuidema & Andries Nentjes, 1997. "Health damage of air pollution: An estimate of a dose-response relationship for the Netherlands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(3), pages 291-308, April.
    3. Anett Hansen & Harald Selte, 2000. "Air Pollution and Sick-leaves," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 16(1), pages 31-50, May.
    4. Nelly Petkova, 2009. "Integrating Public Environmental Expenditure within Multi-year Budgetary Frameworks," OECD Environment Working Papers 7, OECD Publishing.
    5. Rodica Milena Zaharia & Alin Stancu & Carmen Stoian & Mihaela Diaconu, 2010. "Commercial Activity’s Contribution to Sustainable Development by Social Responsability Actions: a Vision of SMEs," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 155-167, February.
    6. Florina Bran & Ildiko Ioan & Carmen Valentina Rădulescu, 2010. "Internal Drivers Of Environmental Performance. Case Study: The Trading Activity," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 145-154, February.
    7. Narayan, Paresh Kumar & Narayan, Seema, 2008. "Does environmental quality influence health expenditures? Empirical evidence from a panel of selected OECD countries," Ecological Economics, Elsevier, vol. 65(2), pages 367-374, April.
    8. Vasile Dinu, 2011. "Corporate Social Responsibility – Opportunity for Reconciliation between Economical Interests and Social and Environmental Interests," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(29), pages 6-7, February.
    9. Bebbington, Jan & Brown, Judy & Frame, Bob, 2007. "Accounting technologies and sustainability assessment models," Ecological Economics, Elsevier, vol. 61(2-3), pages 224-236, March.
    10. Ostro, Bart D., 1987. "Air pollution and morbidity revisited: A specification test," Journal of Environmental Economics and Management, Elsevier, vol. 14(1), pages 87-98, March.
    11. Camelia I. Lungu & Chiraţa Caraiani & Cornelia Dascălu, 2011. "Research on Corporate Social Responsibility Reporting," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(29), pages 117-131, February.
    12. Camelia Iuliana Lungu & Chirata Caraiani & Cornelia Dascalu, 2007. "New Perspectives on Corporate Reporting: Social-Economic and Environmental Information," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 11(11(516)), pages 37-42, November.
    13. Mr. Peter S. Heller, 2005. "Understanding Fiscal Space," IMF Policy Discussion Papers 2005/004, International Monetary Fund.
    14. Gheorghe Săvoiu & Vasile Dinu & Laurenţiu Tăchiciu, 2012. "Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(31), pages 173-194, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chen Jhy-hwa & Shieh Jhy-yuan & Chang Juin-jen, 2015. "Environmental policy and economic growth: the macroeconomic implications of the health effect," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(1), pages 223-253, January.
    2. Narayan, Paresh Kumar & Narayan, Seema, 2008. "Does environmental quality influence health expenditures? Empirical evidence from a panel of selected OECD countries," Ecological Economics, Elsevier, vol. 65(2), pages 367-374, April.
    3. Samakovlis, Eva & Huhtala, Anni & Bellander, Tom & Svartengren, Magnus, 2004. "Air Quality and Morbidity: Concentration-response Relationships for Sweden," Working Papers 87, National Institute of Economic Research.
    4. Ivana Blešic & Aleksandra Dragin & Jelica Markovic & Slobodan Cerovic and Lukrecija Deri, 2014. "Relationships among Shopping Quality and Corporate Social Responsibility of Shopping Centers and Consumer Satisfaction: Case from Novi Sad (Serbia)," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(35), pages 415-415, February.
    5. Samakovlis, Eva & Huhtala, Anni & Bellander, Tom & Svartengren, Magnus, 2005. "Valuing health effects of air pollution--Focus on concentration-response functions," Journal of Urban Economics, Elsevier, vol. 58(2), pages 230-249, September.
    6. Anett Hansen & Harald Selte, 2000. "Air Pollution and Sick-leaves," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 16(1), pages 31-50, May.
    7. Luca Metelli & Kevin Pallara, 2020. "Fiscal space and the size of the fiscal multiplier," Temi di discussione (Economic working papers) 1293, Bank of Italy, Economic Research and International Relations Area.
    8. World Bank, 2009. "Liberia - 2008 Public Expenditure Management and Financial Accountability Review," World Bank Publications - Reports 3082, The World Bank Group.
    9. World Bank, 2008. "Haiti : Public Expenditure Management and Financial Accountability Review," World Bank Publications - Books, The World Bank Group, number 6469.
    10. Chris A. Kelsall, 2020. "Ecological Management Accounting—Taking into Account Sustainability, Does Accounting Have Far to Travel?," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    11. Francesca Galli & Fabio Bartolini & Gianluca Brunori, 2016. "Handling Diversity of Visions and Priorities in Food Chain Sustainability Assessment," Sustainability, MDPI, vol. 8(4), pages 1-21, March.
    12. Büyüközkan, Gülçin & Karabulut, Yağmur & Mukul, Esin, 2018. "A novel renewable energy selection model for United Nations' sustainable development goals," Energy, Elsevier, vol. 165(PA), pages 290-302.
    13. Olivier Boiral & Marie‐Christine Brotherton & Léo Rivaud & David Talbot, 2022. "Comparing the uncomparable? An investigation of car manufacturers' climate performance," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2213-2229, July.
    14. International Monetary Fund, 2006. "Mali: Selected Issues," IMF Staff Country Reports 2006/088, International Monetary Fund.
    15. Ureche Alexandru, 2024. "Financing The Social Enterprise: Sustainable Growth Through Sustainable Giving," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 132-137, April.
    16. Gheorghe Savoiu & Emilia Gogu & Alexandru Ionescu, 2016. "Trends In Romania’S External Trade, During The Last Two Decades," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(3), pages 27-42, March.
    17. Reinhard Mechler & Stefan Hochrainer & Asbjørn Aaheim & Håkon Salen & Anita Wreford, 2010. "Modelling economic impacts and adaptation to extreme events: Insights from European case studies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(7), pages 737-762, October.
    18. Paolo Prosperi & Iuri Peri, 2014. "Concepts and methods for sustainability assessment: Insights from food security," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 2014(1), pages 23-34.
    19. Samuel GUERINEAU & Sylviane GUILLAUMONT JEANNENEY, 2007. "Can domestic debt contribute to the financing of the “Millennium Development Goals” ? The case of the West African Economic and Monetary Union (WAEMU)," Working Papers 200720, CERDI.
    20. Alan C. O’Connor & Michael P. Gallaher & Ross J. Loomis & Sara E. Casey, 2013. "Estimating avoided environmental emissions and environmental health benefits," Chapters, in: Albert N. Link & Nicholas S. Vonortas (ed.), Handbook on the Theory and Practice of Program Evaluation, chapter 9, pages 247-290, Edward Elgar Publishing.

    More about this item

    Keywords

    sustainability; institutional change; green budget; the environment; social and environmental impact;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:14:y:2012:i:32:p:485-500. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.