IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v16y2021i1p47-58.html
   My bibliography  Save this article

New Economic Rethinking Related With Sustainability Transformations Nowadays

Author

Listed:
  • Gheorghe-Cosmin Manea

    (Academy of Economic Studies, Bucharest)

Abstract

Nowadays the supposed world transformations also include economical paradigms in our Sustainable Development Agenda. In the context of periods of economic collapse within the society due to various factors, this phenomenon has been exacerbated by problems arising due to climate change, leading to a difficult situation regarding both economic development and the application of good sustainable development practices. An opportunity for economic unlocking and, at the same time, for maintaining the imposed environmental regulations was identified in the development of a paradigm regarding the "creative economy", considering that it can play a key role in decongesting the problems that have appeared in both interdependent areas. During the development of this study, we considered the suggestion of some facilities to encourage the research-development-innovation activity within the Government Institutes, universities and profile big companies, as they also benefit from the advantage of being able to self-finance their activity and, therefore, they need an assurance and an incentive, so that the efforts are justified and the investments made produce income in the future, resulting in valuable concepts that can be applied. As a facilitator of the development of this paradigm that can go from the conceptual to the practical one with measures that can be taken at the level of the governmental policies, by thinking of fiscal facilities for investments in the creative fields, such as: the exemption from the payment of the tax on the profit (re) invested in creative activities for any type of public or private institution; exemption from paying corporate income tax for creative and/or newly established businesses for a certain period of time. Thus, the role of research in the economic field could be reoriented creating a link between the basic principles and rethought in order to get reconciliation between economy and environment. During the study, a report with case studies is presented aiming to find another approach that will support economic progress not in the detriment but in favor of the environment.

Suggested Citation

  • Gheorghe-Cosmin Manea, 2021. "New Economic Rethinking Related With Sustainability Transformations Nowadays," Romanian Economic Business Review, Romanian-American University, vol. 16(1), pages 47-58, March.
    • Handle: RePEc:rau:journl:v:16:y:2021:i:1:p:47-58
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/SP21/REBE-SP21-A4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lomborg,Bjørn, 2001. "The Skeptical Environmentalist," Cambridge Books, Cambridge University Press, number 9780521010689, January.
    2. Jeroen Bergh, 2007. "Evolutionary thinking in environmental economics," Journal of Evolutionary Economics, Springer, vol. 17(5), pages 521-549, October.
    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. Jim Butcher, 2006. "The United Nations International Year of Ecotourism: a critical analysis of development implications," Progress in Development Studies, , vol. 6(2), pages 146-156, April.
    2. Dotti, Nicola Francesco, 2018. "Knowledge that matters for the ‘survival of unfittest’: The case of the new Brussels' rail junction," Transport Policy, Elsevier, vol. 63(C), pages 131-140.
    3. James A. Brander, 2007. "Viewpoint: Sustainability: Malthus revisited?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(1), pages 1-38, February.
    4. Valerie A. Ramey & Neville Francis, 2009. "A Century of Work and Leisure," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(2), pages 189-224, July.
    5. Jennifer Marohasy, 2005. "Australia's Environment Undergoing Renewal, Not Collapse," Energy & Environment, , vol. 16(3-4), pages 457-480, July.
    6. Alessandro Tavoni & Simon Levin, 2014. "Managing the climate commons at the nexus of ecology, behaviour and economics," Nature Climate Change, Nature, vol. 4(12), pages 1057-1063, December.
    7. Olivier Guéant & Roger Guesnerie & Jean‐Michel Lasry, 2012. "Ecological Intuition versus Economic “Reason”," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(2), pages 245-272, March.
    8. D’Orazio, Paola & Valente, Marco, 2019. "The role of finance in environmental innovation diffusion: An evolutionary modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 417-439.
    9. JS Armstrong, 2005. "Incentives for Developing and Communicating Principles: A Reply," General Economics and Teaching 0502049, University Library of Munich, Germany.
    10. Kevin Maréchal & Hélène Aubaret-Joachain & Jean-Paul Ledant, 2008. "The influence of Economics on agricultural systems: an evolutionary and ecological perspective," Working Papers CEB 08-028.RS, ULB -- Universite Libre de Bruxelles.
    11. Michael Peneder & Spyros Arvanitis & Christian Rammer & Tobias Stucki & Martin Wörter, 2022. "Policy instruments and self-reported impacts of the adoption of energy saving technologies in the DACH region," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(2), pages 369-404, May.
    12. Louis Emmerij, 2006. "Turning Points in Development Thinking and Practice," WIDER Working Paper Series RP2006-08, World Institute for Development Economic Research (UNU-WIDER).
    13. Victor Court, 2018. "Energy Capture, Technological Change, and Economic Growth: An Evolutionary Perspective," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-27, September.
    14. Graves Philip E, 2009. "A Note on the Valuation of Collective Goods: Overlooked Input Market Free Riding for Non-Individually Incrementable Goods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-20, February.
    15. Ayres, Robert U., 2008. "Sustainability economics: Where do we stand?," Ecological Economics, Elsevier, vol. 67(2), pages 281-310, September.
    16. Torben Klarl, 2013. "Market dynamics, dynamic resource management and environmental policy in the context of (strong) sustainability," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 861-888, September.
    17. Valeria Costantini & Francesco Crespi, 2013. "Public policies for a sustainable energy sector: regulation, diversity and fostering of innovation," Journal of Evolutionary Economics, Springer, vol. 23(2), pages 401-429, April.
    18. van den Bergh, Jeroen C.J.M., 2008. "Optimal diversity: Increasing returns versus recombinant innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 565-580, December.
    19. Nijkamp Peter, 2012. "Behaviour of Humans and Behaviour of Models in Dynamic Space," Quaestiones Geographicae, Sciendo, vol. 31(2), pages 7-19, June.
    20. Mahenc Philippe, 2009. "Wasteful Labeling," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 7(2), pages 1-20, December.

    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:rau:journl:v:16:y:2021:i:1:p:47-58. 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: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/ferauro.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.