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Reduced Inequalities as Factor of Sustainable Development: The Analysis Under Econometric Models

Author

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  • Romeo Victor Ionescu

    (Department of Administrative Sciences and Regional Studies, Dunarea de Jos University/Faculty of Social, Political and Legal Sciences, 111-th Domneasca Street, Galati, Galati 800201, Romania)

  • Monica Laura Zlati

    (Department of Accounting, Audit and Finance, Stefan cel Mare University, Suceava 720229, Romania)

  • Valentin Marian Antohi

    (Economics, Dunarea de Jos University/Faculty of Economics and Business Administration, Nicolae Balcescu Street, No. 59-61, Galati 800001, Romania)

  • Silvius Stanciu

    (Center for Technology Transfer, “Dunarea de Jos” University of Galați, 47 Domnească Street, Galati 800001, Romania)

Abstract

The paper proposes a different approach for the analysis of the sustainable development in the context of 2030 Agenda. The authors defined and used a cumulative model. For the beginning, the authors compare the dependent variable with the regressors of the four reporting entities: EU28, Romania, Turkey and Switzerland. These entities cover EU, the country of the authors, a candidate country and non-EU country, as well. The analysis is focused on the Goal 10 from the 2030 Agenda Sustainable Development, covers 2000–2017 and is based on the latest official data from Eurostat. The model used by the authors generated high statistical representativeness. The statistical tests demonstrate the model’s homogeneity. A distinct part of the paper is focused on the risk analysis. The authors basically propose a distinct approach which is usefully for the central and regional decision makers. The statistical period took into consideration is good enough to support pertinent conclusions. The analysis leads to the conclusion that Romania can decrease the disparities regarding the sustainable development. On the other hand, the Romania’s progress in achieving sustainable development’s targets is lowest than the EU average. The model proposed in the paper supports the decision makers in achieving a more performant management regarding sustainable development goals. The paper represents a theoretical approach with great applicability to economic development.

Suggested Citation

  • Romeo Victor Ionescu & Monica Laura Zlati & Valentin Marian Antohi & Silvius Stanciu, 2018. "Reduced Inequalities as Factor of Sustainable Development: The Analysis Under Econometric Models," Sustainability, MDPI, vol. 10(10), pages 1-23, September.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3523-:d:173060
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    References listed on IDEAS

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    6. Silvius Stanciu & Monica Laura Zlati & Valentin Marian Antohi & Cezar Ionut Bichescu, 2019. "The Development Analysis of the Romanian Traditional Product Market Based on the Performance Model for Sustainable Economic Development," Sustainability, MDPI, vol. 11(4), pages 1-27, February.
    7. Marian Socoliuc & Veronica Grosu & Elena Hlaciuc & Silvius Stanciu, 2018. "Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union," Sustainability, MDPI, vol. 10(12), pages 1-37, December.
    8. Grzegorz Drozdowski, 2021. "Economic Calculus Qua an Instrument to Support Sustainable Development under Increasing Risk," JRFM, MDPI, vol. 14(1), pages 1-12, January.

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