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The Role of Green Economy in Sustainable Development (Case Study: The EU States)

Author

Listed:
  • Olga Lavrinenko

    (Daugavpils University, Latvia)

  • Svetlana Ignatjeva

    (Daugavpils University, Latvia)

  • Alina Ohotina

    (Daugavpils University, Latvia)

  • Oleg Rybalkin

    (Daugavpils University, Latvia)

  • Dainis Lazdans

    (Daugavpils University, Latvia)

Abstract

The analysis of various "green" concepts has historically been linked to a broader discussion of the relationship between sustainable development and the environment. Some authors believe that the solution to the problem of the impact on the planet’s environment is to reduce the level of economic activity, which would mean severe restrictions in the use of resources. Others think that economic activity can continue to grow, but with less impact on the environment; some experts claim that it is quite possible to achieve a balance between economic growth and care for the planet and people. In this context, it is necessary to use a new paradigm that clearly states that "environment" and" economic growth" cannot be seen as conflicting goals, which is confirmed by the authors of the article who studied the situation in the EU countries in the period 2016-2017.

Suggested Citation

  • Olga Lavrinenko & Svetlana Ignatjeva & Alina Ohotina & Oleg Rybalkin & Dainis Lazdans, 2019. "The Role of Green Economy in Sustainable Development (Case Study: The EU States)," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1113-1126, March.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:3:p:1113-1126
    DOI: 10.9770/jesi.2019.6.3(4)
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    References listed on IDEAS

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    8. Yang, Qin & Du, Qiang & Razzaq, Asif & Shang, Yunfeng, 2022. "How volatility in green financing, clean energy, and green economic practices derive sustainable performance through ESG indicators? A sectoral study of G7 countries," Resources Policy, Elsevier, vol. 75(C).
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    11. Md. Khaled Bin Amir, 2021. "Banker Attitudes and Perception towards Green Banking: An Empirical Study on Conventional Banks in Bangladesh," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(2), pages 47-56, April.
    12. Maria Cristina Arcuri & Raoul Pisani, 2021. "Is Trade Credit a Sustainable Resource for Medium-Sized Italian Green Companies?," Sustainability, MDPI, vol. 13(5), pages 1-19, March.
    13. Zane Zeibote & Tatjana Volkova & Kiril Todorov, 2019. "The impact of globalization on regional development and competitiveness: cases of selected regions," Post-Print hal-02115275, HAL.
    14. Nuryakin Nuryakin & Tri Maryati, 2020. "Green product competitiveness and green product success. Why and how does mediating affect green innovation performance?," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3061-3077, June.
    15. Michalia Sakellariou & Basil E. Psiloglou & Christos Giannakopoulos & Photini V. Mylona, 2021. "Integration of Abandoned Lands in Sustainable Agriculture: The Case of Terraced Landscape Re-Cultivation in Mediterranean Island Conditions," Land, MDPI, vol. 10(5), pages 1-16, April.
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    17. Krystyna Kurowska & Renata Marks-Bielska & Stanisław Bielski & Audrius Aleknavičius & Cezary Kowalczyk, 2020. "Geographic Information Systems and the Sustainable Development of Rural Areas," Land, MDPI, vol. 10(1), pages 1-18, December.
    18. Marcin Rabe & Dalia Streimikiene & Wojciech Drożdż & Yuriy Bilan & Rafal Kasperowicz, 2020. "Sustainable regional energy planning: The case of hydro," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(6), pages 1652-1662, November.
    19. Zane Zeibote & Tatjana Volkova & Kiril Todorov, 2019. "The impact of globalization on regional development and competitiveness: cases of selected regions," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 33-47, March.
    20. I.G. Kuznetsova & O.Yu. Voronkova & M.M. Nimatulaev & I.R. Ruiga & G.N. Zhuruli & V.E. Levichev, 2019. "Ensuring the National Security of Agriculture in the Digital Era through the Formation of Human Capital," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 558-569.
    21. Serhiy Lyeonov & Tetyana Pimonenko & Yuriy Bilan & Dalia Štreimikienė & Grzegorz Mentel, 2019. "Assessment of Green Investments’ Impact on Sustainable Development: Linking Gross Domestic Product Per Capita, Greenhouse Gas Emissions and Renewable Energy," Energies, MDPI, vol. 12(20), pages 1-12, October.
    22. Marcin Rabe & Yuriy Bilan & Katarzyna Widera & László Vasa, 2022. "Application of the Linear Programming Method in the Construction of a Mathematical Model of Optimization Distributed Energy," Energies, MDPI, vol. 15(5), pages 1-15, March.

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    More about this item

    Keywords

    sustainable development; Quintuple Helix model; green economy; the EU;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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