An Analysis of the Influencing Factors of the Romanian Agricultural Output within the Context of Green Economy

Bădîrcea

2022

IJERPH

The aim of this research is to point out the impact that the application of the agri-environmental policy has on the economic growth and on the quality of the environment, these being the main aspects targeted by the practice of a sustainable agriculture. The research is conducted based on the agri-environment indicators for Romania for the period of time between 1997 and 2019. In order to answer the objectives of this whole research, we performed stationarity tests, a cointegration test and used the Fully Modified Least Squares (FMOLS) method to estimate the relationships between the variables included in the three proposed models. The obtained results highlighted the positive influence exerted by the area that was arranged for irrigation and the agricultural area that was arranged with drainage works on the GDP, but also the negative influence of the amount of natural fertilizers used in agriculture. The use of chemical fertilizers and pesticides generates an increase in environmental degradation, meaning CO2 emissions, while an increase in the agricultural area arranged with erosion control and land improvement works, leads to reducing environmental degradations. The limitations of this research lie in the fact that the agri-environmental indicators are specific to each country in the European Union and, therefore, it is difficult to make comparisons with other member states or to apply the measures recommended for Romania to other states with similar agricultural and economic systems.

Section: Resultssupporting

confidence: 92%

“…In a study that analyzes the factors that influence agricultural production in Romania [ 37 ], it was observed that one of the influencing factors was the level of irrigation norms (i.e., irrigation norm-translated) whose growth in Romania requires institutional, political and investment involvement.…”

Section: Literature Reviewmentioning

confidence: 99%

Financing the Agri-Environmental Policy: Consequences on the Economic Growth and Environmental Quality in Romania

Bădîrcea

2022

IJERPH

Pak. J. Humanit. Soc. Sci

“…So that everyone who can contribute to promoting the progress of GE is not discouraged but rather inspired to accept the new challenges and discover solutions to overcome the problems, the economic and social expenses of this transition must be spread. Governments alone may play this role by advocating for the necessary policies (S. Ali et al, 2020;Florea et al, 2021;Hafiza et al, 2022;Li et al, 2022;C. Shahid et al, 2023;Zhu, Fang, Rahman, & Khan, 2023;Zulfiqar et al, 2022).…”

Section: Long Run Panel Ardl Estimationmentioning

confidence: 99%

Comparing Effects of Green Innovation and Renewable Energy on Green Economy: The Metrics of Green Economy as Nucleus of SDGs

Younas,

Shoukat,

Awan

et al. 2023

Green Economy (GE) is a practicable strategy for the implementation of a sustainable development paradigm that confirms a dynamic growth, which is both humanly and naturally sustainable. The objective of this research article is to analyze the effect of environment friendly variables like green innovations (GI) and Renewable Energy (GN) specifically along with some variables on GE in South Asia (SA). This research article discusses a relationship of renewable energy (GN), green jobs (GJ), natural resource scarcity (RS), green innovations and green technology (GT) on GE. To evaluate the status of the connection between the variables, a panel autoregressive distributed lagged (ARDL) bounds analysis methodology was used on 50 years (1972 – 2021) data of South Asian region. This is a panel data analysis as countries of South Asia were discussed. Findings of this study showed no influence of GI on GE as well as on sustainable development. Furthermore, linked variable Renewable Energy indicated positive effect on GE along with economic development. On the contrary, the results of green jobs, GT and resource scarcity are not in the favor of GE because of lack of knowledge, cost of production, less awareness etc. On account of these empirical findings attained, policy strategies are recommended to introduce new skylines for economically underdeveloped nations in agrarian and industrialization. Government can take steps to create opportunities through trainings for a layperson to participate in economic activities and live with a respectable employment. Awareness campaigns, degrees, diplomas, certified training programs and workshops should be organized to implement this initiative by its spirit.

Economic and Regional Studies / Studia Ekonomiczne I Regionalne

“…Cost-benefit analysis (CBA) is a decisionsupport tool to assess the welfare effects of a project or an investment (Hansjürgens, 2004). Green economy initiatives require investments and reduction of environmental costs (Florea et al, 2021;Watson, 2006). Market instruments, government regulations, levies, charges, taxes can scale up green economy investments, as well as internalise the environmental costs and social externalities (Pizzol et al, 2014).…”

Section: Zielone Finansowanie I Zielone Inwestycjementioning

confidence: 99%

Green Economic Development as the Framework for Green Finance and Green Investment

Vargas-Hernández¹,

Rakowska

Vargas-González

2022

Subject and purpose of work: This study aims to analyse the main elements of the green economic development as a framework for green finance and green investment. The analysis spurs from the underlying notion that green economics is inherently a normative framework and a school of thought development of the neo-classical economic thinking with conceptual assumptions, deficiencies, and contradictions, beginning to set out the roots, aims and philosophical principles. Materials and methods: The methods used are the analytical and descriptive ones based on the critical literature review and an experiential reflective attitude on the key issues concerning the variables of green economic development, green finance, and green investment. Conclusions: It is concluded that the implementation of green economy activities have many obstacles to face. The inadequate funding and the institutional support in collaborations and coordination practices are the most crucial.