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FINANCING THE SUSTAINABLE DEVELOPMENT – A RELATIONSHIP BETWEEN GDP AND THE ENVIRONMENTAL BUDGETARY COMPONENTS

AUTHOR/S: D. ARITON, A. C. NUTA, C. G. SIRBU, F. M. NUTA
Sunday 1 August 2010 by Libadmin2009

9th International Multidisciplinary Scientific GeoConference - SGEM2009, www.sgem.org, SGEM2009 Conference Proceedings/ ISBN 10: 954-91818-1-2, June 14-19, 2009, Vol. 2, 745-750 pp

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.

Keywords: environment, correlation, variable, GDP