In most European countries, taxes and levies, the state-induced components of electricity prices, constitute the major share of electricity prices for consumers and are charged at a fixed rate. This study analyzes whether switching stateinduced price components to time varying rates can support the integration of variable renewables (VRE) and, thus, help to efficiently achieve the overarching goal of decarbonizing the energy system. Based on game theory and linear programming, we introduce a novel simulation model of the power market. For a quantitative case study, the model is parametrized to represent a German energy system that meets the political objective to increase the share of renewables (RE) in power generation to 80% in 2050. We find that dynamization supports the integration of VRE into the energy system. Whether dynamization is an efficient instrument to promote decarbonization as well is highly dependent on the policy framework in place.
{"title":"High Taxes on Cloudy Days: Dynamic State-Induced Price Components in Power Markets","authors":"L. Göke, R. Madlener","doi":"10.2139/ssrn.3147793","DOIUrl":"https://doi.org/10.2139/ssrn.3147793","url":null,"abstract":"In most European countries, taxes and levies, the state-induced components of electricity prices, constitute the major share of electricity prices for consumers and are charged at a fixed rate. This study analyzes whether switching stateinduced price components to time varying rates can support the integration of variable renewables (VRE) and, thus, help to efficiently achieve the overarching goal of decarbonizing the energy system. Based on game theory and linear programming, we introduce a novel simulation model of the power market. For a quantitative case study, the model is parametrized to represent a German energy system that meets the political objective to increase the share of renewables (RE) in power generation to 80% in 2050. We find that dynamization supports the integration of VRE into the energy system. Whether dynamization is an efficient instrument to promote decarbonization as well is highly dependent on the policy framework in place.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"4 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123698029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Whether an accounting entity is the individual, the household, the corporation or the nation, the construction and analysis of financial statements pertinent to that entity allow stakeholders to assess its financial position and performance. We describe a simple method for constructing a balance sheet, income statement and funds-flow statement for nations, which facilitates an analysis of this nature. We illustrate the method, using 35 years of data to undertake a rate of return analysis of the United Arab Emirates. The paper discusses the implications of this assessment in the context of the sustainable use of non-renewable natural resources.
{"title":"Constructing Simple Country Financial Statements to Assess the Sustainable Wealth of Nations","authors":"N. Baydoun, W. Maguire, R. Willett","doi":"10.2139/ssrn.3078369","DOIUrl":"https://doi.org/10.2139/ssrn.3078369","url":null,"abstract":"Whether an accounting entity is the individual, the household, the corporation or the nation, the construction and analysis of financial statements pertinent to that entity allow stakeholders to assess its financial position and performance. We describe a simple method for constructing a balance sheet, income statement and funds-flow statement for nations, which facilitates an analysis of this nature. We illustrate the method, using 35 years of data to undertake a rate of return analysis of the United Arab Emirates. The paper discusses the implications of this assessment in the context of the sustainable use of non-renewable natural resources.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"38 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120912971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
One of the central claims of the new generation of neoliberal economists that emerged in the 1960s, especially in the USA, was that market-driven private sector financial institutions were by far the most effective at intermediating capital into the most productive uses (Friedman, 1962; McKinnon, 1973: Shaw, 1973). Thanks to newly elected neoliberal-oriented governments in the USA and UK in the early 1980s, this academic viewpoint was soon embedded in global financial policy. The result was that a new form of ‘financialized’ capitalism came into existence (Epstein, 2005). However, ‘financialization’ turned out to be one of the major disasters of neoliberalism because very many financial institutions changed to become very destructive indeed: they no longer operated to help generate new wealth for all through rising productivity, but increasingly operated simply to redistribute existing wealth into the hands of a narrow investment and financial elite. A hugely risky, economically destructive and inequality-driving dynamic was catalyzed into existence (Harvey, 2004; Galbraith, 2014; Piketty, 2014). This paper extends the analysis of the impact of ‘financialization’ to focus on the local financial system that emerged in the neoliberal era, with the geographical focus on the global south. The paper goes on to identify the core requirements of a post-neoliberal ‘best/better practice’ model of ‘developmental’ local finance for local enterprise development. It centrally argues that there is an urgent need (once more) to ensure that scarce financial resources are locally intermediated into the ‘right’ enterprises that have defined productivity-enhancing and development-driving characteristics related to scale, technology, innovation, high skills, vertical and horizontal connections, employee participation, and the ability to develop new organizational routines and recombine assets in order to locate more productive and cooperative ways of working (Reinert, 2007; see also Bateman, 2013b).Using the many examples of successful local financial systems that have emerged since 1945, especially the case of China, the paper concludes that only by urgently reinventing and restructuring local finance as a ‘developmental’ project will it be possible to begin to address the significant damage created by forty years of local neoliberalism.
{"title":"Local Finance for Sustainable Local Enterprise Development: The Role of International Development Assistance in Identifying and Promoting Best Practice in a Post-Neoliberal World","authors":"M. Bateman","doi":"10.2139/ssrn.3075417","DOIUrl":"https://doi.org/10.2139/ssrn.3075417","url":null,"abstract":"One of the central claims of the new generation of neoliberal economists that emerged in the 1960s, especially in the USA, was that market-driven private sector financial institutions were by far the most effective at intermediating capital into the most productive uses (Friedman, 1962; McKinnon, 1973: Shaw, 1973). Thanks to newly elected neoliberal-oriented governments in the USA and UK in the early 1980s, this academic viewpoint was soon embedded in global financial policy. The result was that a new form of ‘financialized’ capitalism came into existence (Epstein, 2005). However, ‘financialization’ turned out to be one of the major disasters of neoliberalism because very many financial institutions changed to become very destructive indeed: they no longer operated to help generate new wealth for all through rising productivity, but increasingly operated simply to redistribute existing wealth into the hands of a narrow investment and financial elite. A hugely risky, economically destructive and inequality-driving dynamic was catalyzed into existence (Harvey, 2004; Galbraith, 2014; Piketty, 2014). This paper extends the analysis of the impact of ‘financialization’ to focus on the local financial system that emerged in the neoliberal era, with the geographical focus on the global south. The paper goes on to identify the core requirements of a post-neoliberal ‘best/better practice’ model of ‘developmental’ local finance for local enterprise development. It centrally argues that there is an urgent need (once more) to ensure that scarce financial resources are locally intermediated into the ‘right’ enterprises that have defined productivity-enhancing and development-driving characteristics related to scale, technology, innovation, high skills, vertical and horizontal connections, employee participation, and the ability to develop new organizational routines and recombine assets in order to locate more productive and cooperative ways of working (Reinert, 2007; see also Bateman, 2013b).Using the many examples of successful local financial systems that have emerged since 1945, especially the case of China, the paper concludes that only by urgently reinventing and restructuring local finance as a ‘developmental’ project will it be possible to begin to address the significant damage created by forty years of local neoliberalism.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129737289","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Russian Abstract: Как в России, так и в Болгарии, наметился устойчивый рост количества социально незащищённых людей. Более того, отмечается возрастание также и количества собственно слоёв населения, последовательно попадающих в число незащищённых. Безусловно, существуют определённые отличия в сценарии происхо- дящего в данном отношении у каждой из наших стран. Республика Болгария, в отличие от России, не имеет столь значительной протяжённости и наличия множества климатических поясов вплоть до арктического. Следовательно, в некоторой степени это уменьшает количество проблем, связанных с необходимостью стро- ить особо утеплённое жильё, иметь массу тёплой одежды на душу населения, а также большую часть сезона использовать дорогостоящие материалы для отопления жилых и производственных помещений. Но это – только в абсолютном выражении. В относительном же выражении следует принимать во внимание геогра- фическую близость высокоразвитых в экономическом отношении стран, их достаточную доступность для населения – как Болгарии, так и России, в виду чего каждый гражданин наших стран при посещении евро- пейских государств способен сделать вывод о принципиальной разнице в уровне жизни данных стран. English Abstract: Both in Russia and in Bulgaria, there has been a steady increase in the number of socially unprotected dey. Moreover, there is an increase in the number of segments of the population, falling in the number of unprotected. Certainly, there are certain differences in the scenario of the origin of in this respect, in each of our countries. The Republic of Bulgaria, unlike Russia, does not have such a significant extent and the presence of a variety of climatic zones up to the Arctic. Consequently, to some extent this reduces the number of problems associated with the need for To have a specially insulated housing, to have a lot of warm clothes per capita, and also most of the season use expensive materials for heating residential and industrial premises. But this - only in absolute terms. In relative terms, geography should be taken into account. the close proximity of economically highly developed countries, their sufficient accessibility for population - both Bulgaria and Russia, in view of which every citizen of our countries when visiting the Euro- states can draw a conclusion about the fundamental difference in the living standards of these countries.
{"title":"Социально-экономическое положение незащищённых слоёв населения (The Socio-Economic Situation of the Unprotected Strata of the Population)","authors":"Venelin Terziev, Ekaterina Arabska, V. Banabakova","doi":"10.2139/ssrn.3138961","DOIUrl":"https://doi.org/10.2139/ssrn.3138961","url":null,"abstract":"<b>Russian Abstract:</b> Как в России, так и в Болгарии, наметился устойчивый рост количества социально незащищённых людей. Более того, отмечается возрастание также и количества собственно слоёв населения, последовательно попадающих в число незащищённых. Безусловно, существуют определённые отличия в сценарии происхо- дящего в данном отношении у каждой из наших стран. Республика Болгария, в отличие от России, не имеет столь значительной протяжённости и наличия множества климатических поясов вплоть до арктического. Следовательно, в некоторой степени это уменьшает количество проблем, связанных с необходимостью стро- ить особо утеплённое жильё, иметь массу тёплой одежды на душу населения, а также большую часть сезона использовать дорогостоящие материалы для отопления жилых и производственных помещений. Но это – только в абсолютном выражении. В относительном же выражении следует принимать во внимание геогра- фическую близость высокоразвитых в экономическом отношении стран, их достаточную доступность для населения – как Болгарии, так и России, в виду чего каждый гражданин наших стран при посещении евро- пейских государств способен сделать вывод о принципиальной разнице в уровне жизни данных стран. <b>English Abstract:</b> Both in Russia and in Bulgaria, there has been a steady increase in the number of socially unprotected dey. Moreover, there is an increase in the number of segments of the population, falling in the number of unprotected. Certainly, there are certain differences in the scenario of the origin of in this respect, in each of our countries. The Republic of Bulgaria, unlike Russia, does not have such a significant extent and the presence of a variety of climatic zones up to the Arctic. Consequently, to some extent this reduces the number of problems associated with the need for To have a specially insulated housing, to have a lot of warm clothes per capita, and also most of the season use expensive materials for heating residential and industrial premises. But this - only in absolute terms. In relative terms, geography should be taken into account. the close proximity of economically highly developed countries, their sufficient accessibility for population - both Bulgaria and Russia, in view of which every citizen of our countries when visiting the Euro- states can draw a conclusion about the fundamental difference in the living standards of these countries.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130636429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Environmental performance certificates constitute one of the main tools to encourage tenants, landlords and any agent in the residential sector to account for energy consumption in property transactions. This paper builds upon prior research and expands the current state of literature by investigating the green asset liquidity in terms of property’s time-on-market. Using an empirical sample of nearly 1.3 million observations in Germany and semiparametric survival models, I provide strong evidence that energy efficiency influences the marketing process of residential assets and conclude that energy inefficient assets are strongly discriminated as their counterparts.
{"title":"Is Real Estate Liquidity Influenced by Green Hedonic Attributes? Large Sample Evidence from German Residential Markets","authors":"Marcelo Cajias","doi":"10.2139/ssrn.3044349","DOIUrl":"https://doi.org/10.2139/ssrn.3044349","url":null,"abstract":"Environmental performance certificates constitute one of the main tools to encourage tenants, landlords and any agent in the residential sector to account for energy consumption in property transactions. This paper builds upon prior research and expands the current state of literature by investigating the green asset liquidity in terms of property’s time-on-market. Using an empirical sample of nearly 1.3 million observations in Germany and semiparametric survival models, I provide strong evidence that energy efficiency influences the marketing process of residential assets and conclude that energy inefficient assets are strongly discriminated as their counterparts.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116892456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study outlines a systemic review of the social and economic transformations that have been inducing the business to reconsider its traditional strategies and innovate to become sustainable. In doing so, the study adopts an original approach, focusing on the evolution in the socio-economic context, imposed by globalisation first and by the Great Recession afterwards. Hence, the review covers a wide range of literature and subjects, including political science, sociology, economics, finance and strategic management. Departing from the contextual picture, the study identifies the main drivers of the innovation of the business models, from the adoption of voluntary standards to the acknowledgement of the need to lengthen strategic time horizons. What emerges from the review is that, if business’ primary concern was initially to safeguard its declining reputation under competitive pressure, it perceives sustainability today as a necessary condition to survive the deep transformation of the economy.
{"title":"Sustainability-Oriented Business Model Innovation: Context and Drivers","authors":"Fabio Moliterni","doi":"10.2139/ssrn.3038758","DOIUrl":"https://doi.org/10.2139/ssrn.3038758","url":null,"abstract":"This study outlines a systemic review of the social and economic transformations that have been inducing the business to reconsider its traditional strategies and innovate to become sustainable. In doing so, the study adopts an original approach, focusing on the evolution in the socio-economic context, imposed by globalisation first and by the Great Recession afterwards. Hence, the review covers a wide range of literature and subjects, including political science, sociology, economics, finance and strategic management. Departing from the contextual picture, the study identifies the main drivers of the innovation of the business models, from the adoption of voluntary standards to the acknowledgement of the need to lengthen strategic time horizons. What emerges from the review is that, if business’ primary concern was initially to safeguard its declining reputation under competitive pressure, it perceives sustainability today as a necessary condition to survive the deep transformation of the economy.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129045547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Effects of trade and environmental policies on a small open economy, with pollution generated in a sector producing nontradable services consumed by foreign tourists, are examined. The nontradable good is exported via tourism and the induced tourism terms-of-trade (TOT) effect becomes an additional source of distortion. An increase in tariffs can cause a TOT improvement and an increase in pollution simultaneously, affecting the condition for a welfare-enhancing tariff policy. In addition, the welfare effect of a pollution tax reform is strongly linked to whether the reform improves the tourism TOT. The interactions between tourists' spending and domestic welfare are also examined.
{"title":"Policy Reform and Optimal Policy Mix in a Polluted Small Open Economy with Tourism","authors":"Akihiko Yanase","doi":"10.1111/roie.12276","DOIUrl":"https://doi.org/10.1111/roie.12276","url":null,"abstract":"Effects of trade and environmental policies on a small open economy, with pollution generated in a sector producing nontradable services consumed by foreign tourists, are examined. The nontradable good is exported via tourism and the induced tourism terms-of-trade (TOT) effect becomes an additional source of distortion. An increase in tariffs can cause a TOT improvement and an increase in pollution simultaneously, affecting the condition for a welfare-enhancing tariff policy. In addition, the welfare effect of a pollution tax reform is strongly linked to whether the reform improves the tourism TOT. The interactions between tourists' spending and domestic welfare are also examined.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"62 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132701884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article analyses the conceptual link between law and compliance, exploring the different theories and types of compliance (corporate, state and regulatory) and how they can be found today within the EU legal public procurement framework. The analytical focus is on Directive 2014/24/EU and within it how sustainable requirements have increased the level of compliance required, particularly regulatory compliance. Compliance was already present in previous EU public procurement frameworks, but its extent on Directive 2014/24/EU leads the authors to consider the current legal framework as subject to substantial regulatory compliance obligations external to the process of procurement. In short, procurement has been transformed in a way to enforce regulatory obligations that are not intrinsic to the process of buying. This leads to the conclusion that questions such as the cost and trade offs from imposing compliance obligations to public and private bodies warrant further research, particularly at the legal, economic and political science intersection.
{"title":"Sustainable Procurement: A Compliance Perspective of EU Public Procurement Law","authors":"P. Telles, G. S. Ølykke","doi":"10.21552/EPPPL/2017/3/7","DOIUrl":"https://doi.org/10.21552/EPPPL/2017/3/7","url":null,"abstract":"This article analyses the conceptual link between law and compliance, exploring the different theories and types of compliance (corporate, state and regulatory) and how they can be found today within the EU legal public procurement framework. \u0000The analytical focus is on Directive 2014/24/EU and within it how sustainable requirements have increased the level of compliance required, particularly regulatory compliance. Compliance was already present in previous EU public procurement frameworks, but its extent on Directive 2014/24/EU leads the authors to consider the current legal framework as subject to substantial regulatory compliance obligations external to the process of procurement. In short, procurement has been transformed in a way to enforce regulatory obligations that are not intrinsic to the process of buying. \u0000This leads to the conclusion that questions such as the cost and trade offs from imposing compliance obligations to public and private bodies warrant further research, particularly at the legal, economic and political science intersection.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126130243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Using monthly regional data on air quality and large retail store sales in Korea, we empirically examine the effect of air pollution on retail sales. We account for regional heterogeneity in air pollution and control for various macroeconomic and climatic factors that can affect retail sales. We also use the air quality indicator in the west coastal islands - affected by trans-border pollution, but uncorrelated with the economic activity in the mainland - as an instrumental variable. The estimation results show that, in general, one additional day of PM10 level higher than 80 μg/m3 reduces monthly retail sales by about 0.1 percent. Nonetheless, an adaptive pattern emerges over time, particularly when the level of air pollution in the previous month was severe.
{"title":"Does Air Pollution Affect Consumption Behavior? Evidence from Korean Retail Sales","authors":"Hyunju Kang, Jongmin Yu, Hyunduk Suh","doi":"10.2139/ssrn.3122196","DOIUrl":"https://doi.org/10.2139/ssrn.3122196","url":null,"abstract":"Using monthly regional data on air quality and large retail store sales in Korea, we empirically examine the effect of air pollution on retail sales. We account for regional heterogeneity in air pollution and control for various macroeconomic and climatic factors that can affect retail sales. We also use the air quality indicator in the west coastal islands - affected by trans-border pollution, but uncorrelated with the economic activity in the mainland - as an instrumental variable. The estimation results show that, in general, one additional day of PM10 level higher than 80 μg/m3 reduces monthly retail sales by about 0.1 percent. Nonetheless, an adaptive pattern emerges over time, particularly when the level of air pollution in the previous month was severe.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122489312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-06-12DOI: 10.5604/00441600.1240391
D. Cvijanović, G. Radović, Željko Vojinović
The Republic of Serbia has all the necessary resources for the development of rural tourism, but it is insufficiently developed. According to the categorisation of the Organization for Economic Cooperation and Development (OECD), 85% of the Republic of Serbia’s territory is rural. However, in accordance with the results of the Census of Agriculture in 2012, less than 1% of the total number of agricultural holdings is engaged in rural tourism. This paper’s goal is to highlight the significance of rural tourism development in the Republic of Serbia based on the sustainability principles. The sustainable development of rural tourism is part of the integral rural development and it implies sustainable development from ecological, economic and social point of view. The sustainable development of rural tourism has a key significance for rural development and the decrease in local depopulation of rural areas in the Republic of Serbia. The authors consider as necessary to adopt the Strategy of Rural Tourism Sustainable Development as well as to define the method of management of sustainable development of rural tourism in the Republic of Serbia.
{"title":"Significance of the Sustainable Development of Rural Tourism in the Republic of Serbia","authors":"D. Cvijanović, G. Radović, Željko Vojinović","doi":"10.5604/00441600.1240391","DOIUrl":"https://doi.org/10.5604/00441600.1240391","url":null,"abstract":"The Republic of Serbia has all the necessary resources for the development of rural tourism, but it is insufficiently developed. According to the categorisation of the Organization for Economic Cooperation and Development (OECD), 85% of the Republic of Serbia’s territory is rural. However, in accordance with the results of the Census of Agriculture in 2012, less than 1% of the total number of agricultural holdings is engaged in rural tourism. This paper’s goal is to highlight the significance of rural tourism development in the Republic of Serbia based on the sustainability principles. The sustainable development of rural tourism is part of the integral rural development and it implies sustainable development from ecological, economic and social point of view. The sustainable development of rural tourism has a key significance for rural development and the decrease in local depopulation of rural areas in the Republic of Serbia. The authors consider as necessary to adopt the Strategy of Rural Tourism Sustainable Development as well as to define the method of management of sustainable development of rural tourism in the Republic of Serbia.","PeriodicalId":175326,"journal":{"name":"PSN: Sustainable Development (Topic)","volume":"88 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121239046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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