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MEASURING THE INFLUENCE OF ENVIRONMENTAL POLICY ON ECONOMIC DEVELOPMENT OF THE COUNTRIES: EU-28 SCOPE

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Vovk M., Varenyk V., Pestovska Z., Atamas P., Atamas O., Shevchenko V.
Ekonomický časopis (Journal of Economics)
|
2021
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vol. 69
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issue 5
516 – 533
EN
In current paper, we have researched the influence of environmental policy stringency (EPS) on economic development of the EU-28. The problem of identifying the influence of stringency of environmental policy (EP) on economic development of the EU-28 is that currently there is no well-established understanding of what economic results can be achieved depending on the extent of EPS within a separate country. The paper aims at making contribution to theoretical, empirical and political scopes of perception of EP as an independent factor of economic development of the EU-28. The results of research indicate that EPS is the significant factor of economic development of the EU countries.
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