Economic Development of the European Union in the Relation of Sustainable Development—Taxonomic Analysis

The purpose of this paper is a multidimensional assessment of the diversification of economic development in EU countries in the context of the progress in the implementation of the concept of sustainable development in 2014 and 2019. The issues discussed in this article are topical and important, g...

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Bibliographic Details
Published in:Energies (Basel) 2021-11, Vol.14 (22), p.7488
Main Authors: Jędrzejczak-Gas, Janina, Barska, Anetta, Wyrwa, Joanna
Format: Article
Language:English
Subjects:
Alternative energy
Annual reports
Clustering
Comparative analysis
Economic development
Economic growth
Economics
energy
Energy consumption
Energy efficiency
Energy policy
Energy resources
EU countries
multidimensional comparative analysis
Multidimensional methods
Natural resources
Quality of life
Research methodology
Sustainability
Sustainable development
Taxonomy
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Summary:The purpose of this paper is a multidimensional assessment of the diversification of economic development in EU countries in the context of the progress in the implementation of the concept of sustainable development in 2014 and 2019. The issues discussed in this article are topical and important, given that the spatial disparity of economic development in the EU has never been so pronounced as it is today. While there is a wealth of studies on economic development in the literature, research on the comprehensive approach to this problem in the relation of sustainable development appears to be rather scarce. The article emphasizes the role of energy in economic growth. Authors used taxonomic measures. They were constructed on the basis of selected methods of multidimensional comparative analysis. By using the Hellwig method and the TOPSIS method, taxonomic measures were constructed, and linear ordering of the EU countries was carried out. In addition, using the so-called threshold method, the clustering of EU countries was carried out. The analysis involved 27 EU countries. The conducted research revealed significant disproportions between the respective EU countries in terms of the level of economic development in the relation of implementing the concept of sustainable development. It seems justified to take action aimed at eliminating the differences between the countries in the analyzed aspect. It is necessary both to intensify efforts at the level of individual Member States and the EU, oriented towards pro-development activities.
ISSN:1996-1073
1996-1073
DOI:10.3390/en14227488