Oditor, Vol. VI, No. 01/2020
DETERMINING RELATIONSHIP BETWEEN ECONOMIC GROWTH AND ENVIRONMENTAL PROTECTION
Svetlna Ignjatijević, Anđelka Aničić, Jelena Vapa Tankosić, Jelena Belokapić Čavkunović
Date recieved: 22.12.2019.
Date accepted: 19.03.2020.
Original scientific paper
JEL: O44, Q50
The subject of this paper is the analysis of the relationship between economic growth and the environment performance. The authors have investigated the EPI index while our research covered the period 2010-2018. The findings reveal that environmental policy directly and positively influences economic performance through the improvement of environmental conditions. However, many analysts fear that the demands of the green economy already create high costs, and that its benefits will be materialized in the long term. Finally, sustainable business operations – the green economy requires timely harmonization, in order to fulfill the goals of environmental protection.
Keywords: green growth, green economy, EPI index, environment, green politics.