The Analysis of the Impact of Energy and Environmental Policies of the European Union on the Economic Performance of Companies. Case Study in the Transport Sector
The macroeconomic reason and objectives, in a normative framework, reside to a large extent in the support, catalysis, and efficiency of activities at the microeconomic level, the gear through which they are built. Responsible behaviour at the macro and microeconomic level involves the dynamic re...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Academy of Economic Studies of Bucharest
2023-05-01
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| Series: | Amfiteatru Economic |
| Subjects: | |
| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3202.pdf |
| Summary: | The macroeconomic reason and objectives, in a normative framework, reside to a large extent in
the support, catalysis, and efficiency of activities at the microeconomic level, the gear through
which they are built. Responsible behaviour at the macro and microeconomic level involves the
dynamic revelation of dysfunctions and conflicts, generated within each sphere, in their
relationship, as well as in the involved normative framework, in order to establish effective
mechanisms for balance and development. The purpose of this approach is to analyse the micromacroeconomic convergence from the perspective of the link between economic performance
and energy consumption from the point of view of ensuring the necessary resources and the
efficiency of their use, with impact on the environment. The study covers the transport sector at
the level of the member countries of the European Union in the period 2011-2020, the collected
data being processed with the regression method. The growth in energy efficiency and energy
dependence are, against the background of the increase in the volume of activity, factors that
lead to an increase in the gross operating rate. From the analysis, it emerges that the use of
renewable energy to a greater extent, as a result of sustainable development, does not constitute
a significant factor for improving the economic performance of companies in the transport sector.
The contributions of the two-dimensional approach conducted consist of mediating the conflict
between the objectives of economic profitability and the environmental constraints, targeting
both the microeconomic level, through the analysis of the gross operating rate in correlation with
energy consumption and CO2 emissions, as well as the macroeconomic level, constituting a
benchmark in policies substantiation |
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| ISSN: | 1582-9146 2247-9104 |