Analysis of the Resource Productivity 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 Resource Productivity of New Members of the European Union. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2015; 3(1):21-31. doi: 10.12691/jbe-3-1-3

Abstract

Resources underpin the functioning of global economy and our quality of life. The objective of this article is to analyse the resource productivity, or material flow efficiency of new European Union (EU) states, with emphasis on Baltic countries, and to compare them on the EU level. All economic systems utilize a variety of resources. The scarcity of resources forces countries, companies and people make a variety of choices. How far is the use of these lands resource, including the 2009th economic crisis? The analysis showed that the greater use of resources does not always lead to economic growth. Effective use of resources is different from country to country. When sustainably new EU member states, but also the total use of resources? What are the lessons from the resource productivity? That's what we look at on the basis of the Baltic countries. The small are part of the former Soviet bloc countries. With regard to acute political and economic situation in is very topical, what is the position of small states in a resource productivity, or material flow efficiency.

Keywords:
resource productivity resource efficient Europe resource-sparing or resource saving material flow efficiency Baltic countries

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