Academic journal article E+M Ekonomie a Management

Green Growth and Use of EU Structural Funds in Baltic States, Czech Republic and Slovakia

Academic journal article E+M Ekonomie a Management

Green Growth and Use of EU Structural Funds in Baltic States, Czech Republic and Slovakia

Article excerpt

Introduction

Green growth is resource-efficient, cleaner economic growth and more resilient without slowing it. Green growth policies pursue a variety of goals, they are best served by a combination of instruments. There are many questionable assumptions in the discussion of economic growth. One of them is the idea that governments are able to achieve sustained high growth. Another one is the believe that the solution to pressing financial and social problems centers on higher growth. The solving of such problems is about radical growth in environmental and resource-saving technologies. It is also about radical "de-growth" in products and processes that undermine long-term living and production conditions (Janicle, 2012). Green growth not only affects the quality of growth, but overall production. In this case, growth results from the investment in the upgrading of the entire production system to environmental and resource-saving processes and products. A prototype of this phenomenon is the climate-friendly "low-carbon economy." In this broader sense, there is also discussion of sustainable "green economy," referring to a comprehensive business innovation process. Green growth is EU policy priority. Green growth of EU member states can provide for cohesion and harmonious development of EU member states.

More than one third of the EU's total budget is spent on so-called Cohesion Policy via the structural funds. Its main purpose is to promote the overall harmonious development of the EU, to reduce disparities between the levels of development, and to strengthen its economic and social cohesion. However the results of studies completed for assessment of use of EU structural Funds to ensure cohesion are contradictory (Mohl & Hagen, 2009). Generally, the literature review does not lead to clear-cut results. Some authors do empirical evidence for a positive impact of European structural funds. The conclusions are based on different sample sizes and different EU member states. Bussoletti and Esposti (2004) use an EU-15 sample, whereas smaller samples are used by Cappelen, Castellacci, Fagerberg and Verspagen (2003) (EU-9) or Bouvet (2005) (EU-8). Some studies even concentrate on single country studies such as Eggert, von Ehrlich, Fenge and Konig (2007) (Germany) or Antunes and Soukiazis (2005) (Portugal). Furthermore, some authors do not And any statistically significant impact of structural funds on the regional growth rates (Garcia-Mila, & McGuire, 2001; Dall'erba, & Le Gallo, 2008). Moreover, in some cases the findings are conditioned on certain aspects. Rodriguez-Pose and Fratesi (2004) conclude that only structural fund expenditures for education and investment have a positive impact in the medium run, whereas expenditures for agriculture do not. Ederveen, Gorter, de Mooij and Nahuis (2002) condition the key results on the assumptions of the convergence model. Assuming that all regions Anally catch up to the same level, they find positive evidence. By contrast, assuming that the convergence process is limited to convergence within countries, they do not find a positive impact. Finally, Puigcerver-Penalver (2004) finds that e structural funds to have a positive impact on economic growth.

The aim of this paper is to review and compare achievements of Baltic States, Czech Republic and Slovakia in green growth and use of EU Structural Funds for green growth.

Seeking to achieve this aim the main tasks are:

* to review literature and policy documents on green growth and it's benefits;

* to analyse and compare green growth achievements of Baltic States and Czech Republic and Slovakia in green growth;

* to analyse and compare use of EU structural Funds for green growth priorities in Baltic States and Czech Republic and Slovakia;

* to develop policy recommendations based on the main findings of analysis conducted.

The methods applied: comparative analysis, graphical analysis, systematization and generalization. …

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