The New Model of Sustainable Development and Economic Performance at European Level in the Current Geopolitical Context

Abstract

During the period 2010-2022, the European Union has successively gone through multiple economic, social and health crises that have affected the economic security of the European Union. We aim to critically analyse the sustainable development of the European economy and to design a new model of sustainable development and economic performance in the current geopolitical context. The methods used consist in the analysis of descriptive statistics on GDP per capita (as dependent variable), long-term unemployment rates, labour productivity, severe housing deprivation, internet use, municipal waste generation, net greenhouse gas emissions, and the share of renewable energy in gross final energy consumption. In addition, with the help of STATA version 18 we will develop a new sustainable development and economic performance model (SDEPM) that will identify the possibilities of sustainable economic development in the context of adequate security based on panel regression fixed effects data. The results of the study will allow the formulation of public policy proposals that will support European sustainable development in a security context and that will be useful for supranational decision-makers to adjust current economic development strategies.

Keywords

• sustainable development
• economic performance
• national security
• geopolitical context
• econometric model