Vol.8, No 3, 2011 pp. 301 - 312
UDC 502.131.1(4-11+4-191.2)
EUROPEAN FUNDS AS FACT OF SUSTAINABLE DEVELOPMENT IN CENTRAL EASTERN EUROPEAN COUNTRIES
Mirjana Kranjac1, Christopher Henny2, Uroš Sikimić3
1Faculty of International Engineering Management, European University, Belgrade, Serbia
2United Business Institutes, Brussels, Belgium
3Politecnico di Milano, Milan, Italy
In this paper Pearson correlation coefficient method was performed to test the hypothesis whether the use of European funds as a form of foreign aid supports the development of countries, based on sustainability as a tool which meets human needs while the environment is preserved. The results obtained show that the application of European funds as participation in a country’s economy does not support its sustainable development as expected. Some of the possible reasons for these findings are discussed in the paper. This paper brings its contributions to the literature by presenting the first empirical indications of the negative relationship between the actual level of EU funds exploitation and the Happy Planet Index (HPI). HPI is considered as an appropriate index that measures the success of the use of funding, observed from the aspect of sustainable development for the future.
Key Words: foreign aid, European funds, policy making, sustainable development
FONDOVI EVROPSKE UNIJE KAO FAKTOR ODRŽIVOG RAZVOJA U ZEMLJAMA CENTRALNE I ISTOČNE EVROPE
Korišćenjem Pearsonovog metoda korelacije kao ekonometrijskog alata u radu je izvršeno testiranje hipoteze da korišćenje fondova Evropske unije doprinosi razvoju baziranom na održivosti kao sredstvu da se zadovolje ljudske potrebe. a da se pri tome očuva životna sredina. Dobijeni rezultati pokazuju da korišćenje fondova Evropske unije i njihovo učešće u ekonomiji jedne zemlje ne doprinose njenom održivom razvoju u meri koliko se očekuje. Ovaj rad je doprinos literaturi zato što predstavlja prvi empirijski dokaz negativne zavisnosti između sadašnjeg nivoa korišćenja fondova EU i Happy Planet Indeksa (HPI). HPI predstavlja koristan indeks za merenje speha u korišćenju fondova iz aspekta održivog razvoja u budućnosti.
Ključne reči: spoljna pomoć, fondovi Evropske unije, formiranje politike, održivi razvoj