Assessment of the impact of government expenditure on environmental protection on the GDP in the context of environmental legislation
DOI:
https://doi.org/10.15549/jeecar.v7i3.342Keywords:
environmental legislation, government expenditure on environmental protection, GDP, state budget, neural network modelAbstract
This article assesses the impact of government expenditure on environmental protection and various social and economic variables on GDP. It analyzes the environmental legislation necessary for the development of environmental activities if Ukraine. The current problem is determined by reducing government expenditure on environmental protection, which will negatively affect the implementation of environmental protection projects. The result of the study is to clarify the extent to which government expenditure on environmental protection should be modified to increase GDP, which changes should be made to the legislation achieving a transition to economies that guarantee sustainable development. The relationships between the variables were analyzed by making use of the neural network model. The study concludes suggestions on how to increase government expenditure on environmental protection for the coming years to strengthen funding for important environmental programs and to make appropriate amendments to the legislation of Ukraine.
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