The Relationship between Economic Activity and Green Production and Consumption at EU Level. An Analysis Based on Econometric and Information Models Article Swipe
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· 2021
· Open Access
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· DOI: https://doi.org/10.24818/18423264/55.2.21.20
· OA: W3170418788
In today economic environment, green consumption and production became two vectors of performance on long run.To have green consumers must be also existing green producers and also green supply chains because the war for profitability and satisfying consumers is between supply chains.Green environment is obtained through green attitudes, green thinking, green behavior of consumers and producers, of organizations, and governments.Consuming resources is affecting environment and the limited resources, and for this reason our article presents the importance of sustainable consumption and production at EU level.This article is based on using an econometric modelregression function and information model in order to observe that there is a relationship between the sustainable production and consumption variables presented in EU statistics and its economic factors of influence, variables which are affecting the future life, future generations, and future activities.This mathematical function showed a direct, positive and strong relationship (0.938, being very close to 1), which must be analyzed in order to observe future influences, risks and measures to diminish its impact on organizations performance and also on global environment.
