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The Macroeconomic Framework of Support Analysis for Sustainable Businesses Development

Author

Listed:
  • Constantin Mitrut

    (Bucharest University of Economic Studies)

  • Cristina Balaceanu

    (Dimitrie Cantemir Christian University)

  • Mihaela Gruiescu

    (Romanian-American University)

  • Daniela Serban

    (Bucharest University of Economic Studies)

Abstract

The state of satisfaction of an economy results from the quality of the economic products it produces and consumes, in agreement with assuring environment protection, as a source of producing present and future economic goods, and with intensive utilising of human capital, as a source of innovation growth. Knowledge transfer happens in a sustainable economy, whose principles are rational use of resources, limiting of waste, protection, for enabling future generations to have also access to resources. The present research is based on a multifactorial liniar regression model which outlines the direct correlation between the dependent variable welfare and the independent variable of concentration measured by the Gini coefficient of wealth concentration, on the one hand, and by the GDP level, on the other hand, at the level of year 2012. The aim of this research is to identify the correlation between the indicator of quality of life satisfaction or of the welfare function at the level of EU 2012, and the assurance of a macroeconomic framework for sustainable business development.

Suggested Citation

  • Constantin Mitrut & Cristina Balaceanu & Mihaela Gruiescu & Daniela Serban, 2015. "The Macroeconomic Framework of Support Analysis for Sustainable Businesses Development," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(40), pages 1068-1068, August.
    • Handle: RePEc:aes:amfeco:v:40:y:2015:i:17:p:1068
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    References listed on IDEAS

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    Cited by:

    1. Pelau, Corina & Pop, Nicolae Al., 2018. "Implications for the energy policy derived from the relation between the cultural dimensions of Hofstede's model and the consumption of renewable energies," Energy Policy, Elsevier, vol. 118(C), pages 160-168.

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    More about this item

    Keywords

    qualitative and quantitative growth; weak/ strong sustainability; social objectives; ecological objectives; unity; sustainable businesses.;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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