Measuring economic sustainability: the case of Danube region
2019
Durkalić, Danijela (https://orcid.org/0000-0001-8605-8614) | Ćurčić, Mihailo
The goal of economic development is that the economy with its ability to attain the highest level of productivity and meet the unceasing needs of its nation. Thanks to technical and technological achievements, it is evident that economic development continues. However, the whole process of development requires the spending of resources that are limited. The basic assumption of this paper is that the assessment of economic sustainability requires the use of multidimensional factors. The subject of work is measuring the convergence of the Danube region in the context of the economic sustainability dimension. By using the entropy method, a comparative regional analysis of 9 European Union countries (Austria, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Romania, Slovakia and Slovenia) will be carried out, 3 accession countries (Bosnia and Herzegovina, Montenegro and Serbia) and 2 neighbour countries (Moldova and Ukraine). The results of the analysis of 14 countries will point to the persistence of large differences in the economic viability of the measured GDP per capita and lower discrepancies in the HDI index and domestic investments.
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