V. О. Trofymchuk
Features of the economic dynamics of environmental expenditure and investment in Europe
(original language – Ukrainian)
This paper deals with the results of statistical analysis of economic dynamics features of leading economic macroregions carried out in connection with the dynamics of nature protection expenditures and investments in the countries of European Union. The increase of such expenditures demonstrates periodicity, related to the medium-term cyclic character of economic development, periods of growth – to the cycle of modernization of economies in 1980th, slump of such expenditures – to the recession in 2008-2009th. A hypothesis is stated about connection of dynamics of such expenditures with the level of aggregate income per capita in form of Environmental Kuznets Curve: in the developed countries – with reaching of the maturity stage of the leading technological structure, in economies with quickly developing markets – with completion of industrialization or modernization period.
Key words: economic dynamics, cycle of modernization, technological structure, environmental Kuznets curve, nature protection expenditures and investments, waste.
Placed in №2, 2012.
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