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Economic Efficiency, Energy Consumption and Sustainable Development/Ekonominis Efektyvumas, Energijos Vartojimas Ir Subalansuota Pletra (Report)

eBook details

Title: Economic Efficiency, Energy Consumption and Sustainable Development/Ekonominis Efektyvumas, Energijos Vartojimas Ir Subalansuota Pletra (Report)
Author : Journal of Business Economics and Management
Release Date : January 01, 2011
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 361 KB

Description

1. Introduction The issue of sustainable development and sustainability has been analyzed in theory and application from different perspectives (Pearce, Warford 1993; Dasgupta 2007; Tvaronavicius, Tvaronaviciene 2008; Sobotka, Rolak 2009). Zavadska and Antucheviciene (2006) defined a set of indicators in the multicriteria analysis for a rational redevelopment of derelict immovable property from the perspective of sustainable development that includes environmental, social and economic aspects of sustainability. Wegscheider and Sabolovic (2006) underlined the importance of a bio-based economy with nonfood bio-based products. Kryk (2009) evaluated the implementation of the sustainable development concept and effectiveness of environmental protection policy during the economic transformation, European Union (EU) membership and globalization process of the Polish economy. Ighodaro (2010) found the existence of a long-run relationship between energy consumption and economic growth using the Johansen co-integration technique, but the causality depends on the variables used. Electricity consumption and gas utilization are found to determine economic growth, while economic growth determines domestic crude oil production. Chen (2009) investigated causalities between price competition, investment in clean production technologies in the presence of environmental concerns, and consumers' willingness to pay an extra premium for green eco-labelling products and systems in the market to reduce environmental impacts of consumption due to the environmental attributes of green products.