A Novel Approach to Evaluating Sustainable Development (Nowe podejście do waloryzacji rozwoju zrównoważonego)

Problemy Ekorozwoju – Problems of Sustainable Development, Vol. 7, No 1, pp. 81-85, 2012

6 Pages Posted: 13 Jan 2012

See all articles by Zoran Radojicic

Zoran Radojicic

University of Belgrade - Faculty of Organizational Sciences

Sonja Isljamovic

affiliation not provided to SSRN

Natasa Petrovic

Independent

Viljko Jeremic

affiliation not provided to SSRN

Date Written: January 12, 2012

Abstract

Sustainable development is a difficult issue to measure and there is no one method agreed upon. In this article a statistical method, which synthesizes many indicators into one quantitative indicator is proposed. 27 member states of the European Union has been analyzed. The results have demonstrated that Sweden and Denmark are the two top EU countries concerning sustainable development. On the other hand, the newest EU members, such as Latvia, Hungary, Estonia, Lithuania and Slovakia, remain at the bottom of the ranking. It is a challenge for the EU, since it has the ambition to take a lead on sustainable development on the global level. It should be emphasized, that the proposed statistical method can be applied to all other regions of the world and can provide useful information as to whether the world is actually moving towards the goals of sustainable development.

Keywords: sustainable development, I-distance method, ranking of countries

JEL Classification: O13, Q20, Q32, Q41, R11, M14

Suggested Citation

Radojicic, Zoran and Isljamovic, Sonja and Petrovic, Natasa and Jeremic, Viljko, A Novel Approach to Evaluating Sustainable Development (Nowe podejście do waloryzacji rozwoju zrównoważonego) (January 12, 2012). Problemy Ekorozwoju – Problems of Sustainable Development, Vol. 7, No 1, pp. 81-85, 2012 , Available at SSRN: https://ssrn.com/abstract=1984527

Zoran Radojicic (Contact Author)

University of Belgrade - Faculty of Organizational Sciences ( email )

Jove Ilica 154
11000 Belgrade, 11000
Republic of Serbia

Sonja Isljamovic

affiliation not provided to SSRN

Natasa Petrovic

Independent

United States

Viljko Jeremic

affiliation not provided to SSRN

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