• 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


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.


Download data is not yet available.


1. Bojović, V. (2011). Sustainable Development – Multiple meanings yet unambiguous necessity. Economic Themes, 2, 175-192.
2. Charities Aid Foundation. (2016). CAF - World Giving Index 2016. CAF.
3. Daedlow, K., Podhora, A., Winkelmann, M., Kopfmüller, J., Walz, R., & Helming, K. (2016). Socially responsible research processes for sustainability transformation:an integrated assessment framework. Current Opinion in Environmental Sustainability, 23, 1-11.
4. Danphy D., B. J. (2000). Sustainability: The Corporate Challenge of the 21st Century. Allen & Unwin.
5. Đukić, P. (2014). Discussion of economic-fnancial absurdities: In the mirror of theory and reality. Finansije (1-6), 152-169. [in Sebian: Đukić, P. (2014). Rasprava o ekonomsko-fnansijskim apsurdima: U ogledalu teorije i stvarnosti. Finansije (1-6), 152-169.]
6. Eurostat - European Statistics. (n.d.). European Statistics - Your key to European statistics. Retrieved 2018, from
7. Frantzeskaki, N., Jhagroe, S., & Howlett, M. (2016). Greening the state? The framing of sustainability in Dutch infrastructure governance. Environmental Science & Policy, 58, 123-130.
8. Global Footprint Network. (n.d.). Global Footprint Network Advancing the Science of Sustainability. Retrieved 2018, from
9. Holden, E., Linnerud, K., & Banister, D. (2014). Sustainable development: Our Common Future revisited. Global Environmental Change, 26, 130-139.
10. Hopwood, B., Mellor, M., & O’Brien, G. (2005). Sustainable Development: Mapping Different Approaches. Sustainable Development, 13 (1), 38-52.
11. Institute for Economics and Peace. (n.d.). Global Peace Index A Vision of Humanity. Retrieved from
12. Islam, N. (2014, September). Towards a sustainable social model: Implications for the post-2015 agenda. DESA Working Paper No. 136 . ST/ESA/2014/DWP/136.
13. Jackson, T. (2010). Prosperity without Growth: Economics for a Finite Planet. Earthscan from Routledge.
14. Kula, E. (2001). History of Environmental Economic Thought. Routlege.
15. Lafferty, W. M. (2004). Governance for Sustainable Development. The Challenge of Adapting Form to Function. Cheltenham: E.E. Elgar.
16. Loorbach, D., Frantzeskaki, N., & Thissen, W. (2011). A Transition Research Perspective on Governance for Sustainability. In C. C. Jaeger, D. Tàbara, & J. Jaeger, European Research on Sustainable Development (pp. 73-89). Berlin Heidelberg: Springer .
17. Meadows DH, M. D. (1972). Limits to Growth: A Report for the Club of Rome’s Project on the Predicament of Mankind. New York : Universe Books.
18. Odigie, M. E., Badar, A., Sinn, J., Moayed, F., & Shahhosseini, M. (2017). An optimal integrated QSMS model from cluster analysis. The TQM Journal, 29 (3), 438-466.
19. Polanyi, K. (2001). The Great Transformation: The Political and Economic Origins of Our Time. Boston: Beacon Press Boston.
20. Social Progress Iperative. (n.d.). Social Progress Indicator. Retrieved from
21. Sustainable Society Foundation. (n.d.). Sustainable Society Index – your compass to sustainability. Retrieved 2018, from
22. The World Justice Project. (n.d.). World Justice Project. Retrieved 2018, from
23. Transparency International. (n.d.). Transparency International. Retrieved 2018, from
24. United Nations Development Programme. (n.d.). Environmental Index. Retrieved 2018, from
25. United Nations Environmental Programme. (n.d.). Environmental Vulnerability Index. Retrieved 2017, from
26. UNU - IHDP and UNEP. (2014). Inclusive Wealth Report 2014. Measuring progress toward sustainability. Cambridge : Cambridge University Press.
27. WB - The World Bank. (n.d.). World Bank, Development Research Group. . Retrieved 2018, from :
28. World Commission on Environment and Development. (1987). Our Common Future. United Nations.
29. Yale University. Environmental Performance Index. .
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: <>. Date accessed: 22 sep. 2020. doi:
Original scientific papers