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2020, vol. 6, iss. 1, pp. 38-48
Determining relationship between economic growth and environmental protection
aUniversity of Business Academy in Novi Sad, Faculty of economics and engineering management
bHigher Business School of Vocational Studies "Čačak", Belgrade
cUniversity of Business Studies, Banja Luka, Republic of Srpska, B&H,,,
Keywords: green growth; green economy; EPI index; environment; green politics
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.
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article language: English
document type: Original Scientific Paper
DOI: 10.5937/Oditor2001036I
published in SCIndeks: 06/04/2020
Creative Commons License 4.0

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