ASSESSING SUSTAINABILITY OF THE SOUTHEAST EUROPEAN ECONOMIES

  • Viktorija Petrov, PhD University of Novi Sad, Faculty of Economics, Subotica
  • Nada Trivić, PhD University of Novi Sad, Faculty of Economics, Subotica
  • Đorđe Ćelić, PhD University of Novi Sad, Faculty of Technical Science, Novi Sad

Abstract

Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs. Sustainability indicators are based on the attempt to measure or determine the path of development of the economy in two directions: sustaining human wellbeing, or preserving the capacity to provide wellbeing. The research has been conducted to assess sustainability in the Southeast Europe, represented with a group of 10 countries with the 15 multi-metric indicators. A cluster analysis was performed on the set of indices to check the formation of distinctive clusters. Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia constitute frst cluster, proving small differences among data. Second cluster consists of Bulgaria, Croatia and Romania, while last cluster consists of only Greece and Slovenia.

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Published
2018-06-27
How to Cite
PETROV, Viktorija; TRIVIĆ, Nada; ĆELIĆ, Đorđe. ASSESSING SUSTAINABILITY OF THE SOUTHEAST EUROPEAN ECONOMIES. Economics of Agriculture, [S.l.], v. 65, n. 2, p. 519-529, june 2018. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/476>. Date accessed: 25 sep. 2018. doi: https://doi.org/10.5937/ekoPolj1802519P.
Section
Original scientific papers