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Green Way-Out from Depression: Insights from the E.U

Author

Listed:
  • Evangelia Sdrolia

    (Aristotle University of Greece, Department of Economics)

  • Grigoris Zarotiadis

    (Aristotle University of Greece, Department of Economics)

Abstract

Global economic crisis, along with domestic structural inefficiencies, weakens growth perspectives for the less developed and/or the financially weaker economies of Europe. On the other hand, the relevant literature claims that technological innovations, especially with respect to the ecological aspects of products and processes, could be an effective way-out. The present paper contributes to this discussion in two ways: first, we discuss relevant case studies of certain multinationals. Second, we proceed with a panel data anlysis of recent intra-EU data, estimating the effect of environmental expenditures and investments on exporting activity, considering also "gravity"-explanatory variables. We conclude that "green"-investments seem to have a positive effect, both, in the micro - as well as macro-dimension, while expenditures could affect extroversion and copetitiveness adversely.

Suggested Citation

  • Evangelia Sdrolia & Grigoris Zarotiadis, 2012. "Green Way-Out from Depression: Insights from the E.U," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 10(2), pages 99-111.
    • Handle: RePEc:seb:journl:v:10:y:2012:i:2:p:99-111
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    More about this item

    Keywords

    green economy; southern Europe; competitivenes;
    All these keywords.

    JEL classification:

    • 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
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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