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Economic Growth and Sustainable Development: Evidence from Central and Eastern Europe

Author

Listed:
  • Attila Jambor

    (Department of Agricultural Economics and Rural Development, Corvinus University of Budapest, Budapest, Hungary)

  • Nuno Carlos Leitao

    (Polytechnic Institute of Santar m, ESGTS, Santar m, Portugal and CEFAGE-UE, vora University, vora, Portugal.)

Abstract

There has been a large amount of literature dedicated to the determinants of economic growth recently. However, the majority of the literature so far has been concentrating on single factors and countries as examples. This research considers the effects of carbon dioxide emissions, tourism arrivals, foreign direct investments (FDIs), trade and domestic support on economic growth in Central and Eastern Europe. The paper uses panel data econometrics between 1995 and 2014 to perform its calculations. Results suggest a positive relationship between tourism arrivals, FDI, trade, domestic support and economic growth, while CO2 emissions were found to be negatively related to economic growth in the region. Policy and decision makers in the region might find our results useful when thinking about drivers of economic growth.

Suggested Citation

  • Attila Jambor & Nuno Carlos Leitao, 2017. "Economic Growth and Sustainable Development: Evidence from Central and Eastern Europe," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 171-177.
    • Handle: RePEc:eco:journ2:2017-05-19
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    References listed on IDEAS

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    Cited by:

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    2. Duyen Dang Thi Thuy & Huyen Giang Thi Thu, 2023. "Tourism with Energy Production and Consumption in the Red River Delta, Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 501-509, January.
    3. Theodoros Christoforidis & Constantinos Katrakilidis, 2022. "Does Foreign Direct Investment Matter for Environmental Degradation? Empirical Evidence from Central–Eastern European Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2665-2694, December.
    4. Nuno Carlos Leitão & Daniel Balsalobre Lorente, 2020. "The Linkage between Economic Growth, Renewable Energy, Tourism, CO 2 Emissions, and International Trade: The Evidence for the European Union," Energies, MDPI, vol. 13(18), pages 1-16, September.
    5. Alfonsus Budi Susanto, 2019. "The Effect Of Government Policy And Environmental Sustainability On The Performance Of Tourism Business Competitiveness: Empirical Assessment On The Reports Of International Tourism Agencies," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 439-446.

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    More about this item

    Keywords

    Tourism demand; foreign direct investment; carbon dioxide emissions; economic growth; panel data.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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