Search

The paper is devoted to a comprehensive study of the impact of rent received from energy resources on the economies of individual countries as a factor for the development of a balanced energy dialogue with the countries of the European Union. The research methodology consists of a three-stage sequential algorithm. The first stage is to calculate the absolute and relative profitability of extraction of energy resources. The second stage of the algorithm consists in clustering countries in terms of the level of dependence of the economy on rent from energy resources. The third stage of the algorithm is to determine the relationship between the degree of risk and the profitability of energy resources. The analysis made it possible to identify the inverse relationship between the level of extraction of energy resources and the level of economic development. As a rule, in countries with a low diversified economy, a larger amount of rent from energy resources is generated. It is established that a higher level of energy resources in the country does not affect the formation of a higher amount of rent. It has been proven that the greatest revenue per ton of production is observed in countries that are not among leaders in technological development of the economy and extraction. Thus, the level of reserves is not a key factor in the formation of rent. Moreover the global trend of the dependence of the economy on rent from energy resources has the cyclical nature and in recent years this dependence has been steadily decreasing. [ABSTRACT FROM AUTHOR]

The sustainable development is a concept of great importance today, defined by several dimensions, such as referring to the fulfillment of human interests, the environment created aimed at matching the natural man, but by the social. The definition and its practical implementation must take into account more factors and the specific principles. From the economic perspective, economic policy must integrate the ecological principles that ensure its successful development to be sustainable in the long term. This paper presents the case of economic and ecological approach in territorial that is about developing the South-Muntenia Region of Romania. With a total surface of 34,453 km² (14.54% of the total area of Romania), the South-Muntenia Region [3] consists of seven counties (Argeş, Călăraşi, Dâmboviţa, Giurgiu, Ialomiţa, Prahova and Teleorman). The relief of the Region 3 South-Muntenia is characterized by variety, the difference in level is over 2400m allocated in proportion, stepped down from north to south of the Făgăraş and Bucegi mountains and ridges to the Danube Valley, which leads to the types of mountain, hill and plain climate. Like all developing regions of our country, in the South-Muntenia Region also are made efforts to attain the sustainable development objectives. The situation of the region is studied through analysis of the economic indicators and environmental development. [ABSTRACT FROM AUTHOR]