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FINANCING THE SUSTAINABLE DEVELOPMENT – A RELATIONSHIP BETWEEN GDP AND THE ENVIRONMENTAL BUDGETARY COMPONENTS
Abstract
One of the main purposes of today public policy is to find a way of encourage the sustainable development. In our econometric approach we seek to find a possible connection between the environmental components of a nation’s budget and the GDP. The hypothesis is that if the GDP permits the public decision makers could ensure a high level of environmental public utilities. Trying to identify a bound between macroeconomic aggregates and the environment is not something new. The Chinese Green GDP is something similar but starting from other point and seeking to prove something else that a heavily nonrenewable resource consumer economy can be environmental friendly in terms of GDP. We based our case study on Romanian economy accounts.
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References6
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http://www.rff.org/RFF/Documents/RFF-Resources-162 GreenGDP.pdf
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