Management Theory and Studies for Rural Business and Infrastructure Development, Volume 33

Theoretical assessment systems of influence of economic growth to sustainable development

Remigijus Čiegis, Aidas Dilius

Abstract

Main object of this research is systems of assessment of influence of economic growth to sustainable development. Main goal is theoretically to analyze main systems of assessment of influence of economic growth to sustainable development: the pros and cons. In trying to achieve main goal main task should be resolved – to analyze most important systems of assessment of influence of economic growth to sustainable development by selected criteria. Analyzing economic growth, we must take into account environment (natural resources- natural capital, pollution), labour (people – human capital), man made capital – equipment and technological progress. This variables can depend from consumption and saving. In analysis was used sustainable development model, which coves three closely related sustainable development dimensions: economic, social and environmental. Each of this dimensions has influence to other two dimensions. One of most important factors of economic growth is consumption (including energy consumption), from which depends investments (saving). As consumption is related with level of unemployment and wages, the next part of paper offers an analysis of influence of the growth of production to social and environmental dimensions. Analysis done in the paper quit well show, that systems of assessment of influence of economic growth to sustainable development must take in account three closely related dimensions: economic, social and environmental, and for problems solving can be used fiscal instrument – taxes.

JEL codes: O52, Q01, Q56.

Keyword(s): sustainable development, economic growth, assessment, indicators


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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.