Analysis of the Material Flow of New Members of the European Union

Lembo Tanning^1, and Toivo Tanning²

¹TTK University of Applied Sciences, Tallinn, Estonia, EU

²Tallinn School of Economics, Tallinn, Estonia, EU

Cite this paper:
Lembo Tanning and Toivo Tanning. Analysis of the Material Flow of New Members of the European Union. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2014; 2(5):104-115. doi: 10.12691/jbe-2-5-1

Abstract

With regard to acute political and economic situation in Eastern Europe, with the European Union (EU) and Russia on mutual economic partial blockade, has become very topical, what is the position of material in the former Soviet bloc countries. The purpose of this article is to analyse the material or resource flow of new EU states, the main emphasis the Baltic countries and to compare them on the EU level. Energy security is always one of the most important problems in the EU. The EU and including the Baltic countries are poor of material and energy region. The analysis showed that the greater use of resources does not always lead to economic growth. Effective use of resources is different in from country to country. How far is the use of these lands resource, including the 2009. economic crisis? What are the prospects for a partial boycott of resources? What are the lessons from the resource flow?

Keywords:
material flow domestic material consumption fossil energy materials imports exports regression analysis Baltic countries

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