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Sustainable Development as Equilibrium Between Investments and Savings – An Attempt Towards a New Conception (Rozwoj zrownowazony jako rownowaga inwestycji i oszczednosci – proba koncepcji)

Author

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  • Jozefa Famielec

    (Department of Industrial Policy and Ecology, Cracow University of Economics)

Abstract

Sustainable development economics is treated as an autonomous category, which can be ascribed to basically any process or phenomenon. However, in current research there is a lack of studies pertaining to fiscal issues of sustainable development. The main aim of this article is an attempt to determine the financial aspect of sustainable development. The main thesis of the article is an assumption that the balancing of the development is subjected to the income-expenditure identity, in particular the investment-saving identity (IS). Sustainable development has been described by a system of financial flows based on the macroeconomic model of market economy. The article is of theoretical nature and comprises the author’s analysis of financial flows, which is the result of a long-term scientific experience of the author. The issues presented in this paper are original, even controversial for some readers, and have not been discussed in domestic or international literature.

Suggested Citation

  • Jozefa Famielec, 2018. "Sustainable Development as Equilibrium Between Investments and Savings – An Attempt Towards a New Conception (Rozwoj zrownowazony jako rownowaga inwestycji i oszczednosci – proba koncepcji)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 16(75), pages 55-71.
    • Handle: RePEc:sgm:pzwzuw:v:16:i:75:y:2018:p:55-71
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    More about this item

    Keywords

    sustainable development; financial flows; macroeconomic model of market economy;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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