Interconnections between Social and Economic Indicators in the Context of EU Resilience
Keywords:
resilience; social and economic dimension; econometric model; interrelationsAbstract
The COVID 19 pandemic has once again exposed a number of important risks and problems for the world's economies. Although the present analyzes in the literature are more and more often aggregated between fields, emphasizing the capacity of digitalization and international relations to improve the transition to the circular economy, resilience speaks not only of positive aspects but also of vulnerabilities. Thus, the article deals with the link between vulnerabilities and capacities of the socio-economic domain at EU27 level. The study uses Eurostat data for the period 2011-2020, systematized in the panel form. The results once again demonstrate the need to strengthen public support for health and education, for research and development, in order to reduce socio-economic vulnerabilities at EU27 level, demonstrating the need to correlate policy efforts with results.
References
Ayres, R. U. (1978). Resources, Environment, and Economics: Applications of the Materials/ Energy Balance Principle. New York, New York: John Wiley and Sons.
European Commission (2021). Resilience Dashboards for the Social and Economic, Green, Digital, and Geopolitical Dimensions.
Goldthorpe JH. (2007). On sociology. 2. Illustration and retrospect. Standford: Stanford University Press.
Hanley, N. (2000). Macroeconomic measures of sustainability. Journal of Economic Surveys 14 (1): 1– 30.
Hsing, Yu. (2005). Economic growth and income inequality: the case of the U.S. International Journal of Social Economics 32(7): 639-47.
Hill, K., Hoffman, D., and Rex. T. R. (2005). The Value of Higher Education: Individual and Societal Benefits. Tempe, Arizona: Arizona State University, W.P. Carey School of Business.
Krueger, A.B., Kahneman, D., Schkade, D., Schwarz, N. and Stone A. (2008). “National Time Accounting: The Currency of Life”, NBER, forthcoming in A. B. Kruger (ed.), Measuring the Subjective Well-being of Nations: National Accounts of Time Use and Well-Being, University of Chicago Press, Chicago.
Manca A. R., P. Benczur, and E. Giovannini, (2017). Building a Scientific Narrative Towards a More Resilient EU Society, JRC Science for Policy Report, JRC28548.
Max-Neef, M. (1995). Economic growth and quality of life: a threshold hypothesis. Ecological Economics 15: 115– 118.
Pezzey, J.C.V. (1992). Sustainability: an interdisciplinary guide. Environmental Values 1: 321-362.
Pearce, D., Markandya, A. and Barbier, E. (1990). Sustainable Development: Policy and Analysis in the Th ird World. Cheltenham: Edward Elgar Publishing.
Rose D, Harrison E. (2010). Social class in Europe: An introduction to the European socio-economic classification. NewYork: Routledge.
Rutter, M. (2012). “Resilience as a Dynamic Concept.” Development and Psychopathology 24 (02): 335–344.
Stiglitz, Sen, Fitoussi (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress.
Talberth, J. Cobb, C. and Slattery, N. (2006). The Genuine Progress Indicator 2006: a tool for sustainable development, Redefining Progress, Oakland CA. https://www.researchgate.net/publication/252265237_The_Genuine_Progress_Indicator_2006/link/56fe2d0b08ae650a64f66260/download.
Walker, B., Holling, C. S., Carpenter, S. R. and Kinzig, A. (2004). “Resilience, Adaptability and Transformability in Social–ecological Systems.” Ecology and Society 9 (2): 5.
***COM.(2020). 493 final https://ec.europa.eu/info/sites/info/files/strategic_foresight_report_2020_1.pdf.
***https://ec.europa.eu/jrc/sites/default/files/jrc-science-for-policy-brief_resilient-country1.pdf.
Downloads
Published
How to Cite
Issue
Section
License
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
