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Public Expenditure And Environmental Policy

Author

Listed:
  • Veniamin Todorov

    (University of Economics – Varna, Bulgaria)

Abstract

The paper analyses the public expenditure on environmental protection which includes waste management, water waste management, pollution abatement, protection of biodiversity and landscape, and R&D related to environmental protection. First, the need for public financing of environmental policy is discussed in view of the concepts of sustainable development, public goods, and externalities. Second, the study focuses empirically on the European Union: a comparative analysis between the EU as a whole, the Euro area, and Bulgaria. The data is for the period 1995-2018. Indicators, characterizing the environmental protection spending of the general government sector, are constructed in relation to three critical aspects: the amount, the volatility, and the growth rate. The analysis builds on them, and deduces the main idiosyncrasies for the period.

Suggested Citation

  • Veniamin Todorov, 2020. "Public Expenditure And Environmental Policy," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 707-715.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:707-715
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T2_2020.pdf
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    More about this item

    Keywords

    Public expenditure; Environmental policy; Environmental protection; General government;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H59 - Public Economics - - National Government Expenditures and Related Policies - - - Other
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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