Well-being as a Prerequisite for Sustainability on a Macroeconomic Scale? Case of V4 Countries
Abstract
Purpose: Human well-being is a necessary prerequisite for achieving sustainable development. This assumption aligns with the basis of Maslow´s pyramid of needs and the Kuznets curve in its ecological presentation. Therefore, the presented paper aims to clarify what impact specific indicators of human well-being have on the reported level of sustainability achieved on a macroeconomic scale in the Visegrad group in the years 2005-2021 and verify whether the author´s assumptions are correct.
Methodology/Approach: Following the correlation analysis of selected variables, there is a linear regression model used to examine the relationship between the overall result of the V4 countries and the selected variables.
Findings: People in V4 countries need to have their basic personal needs fulfilled to promote sustainability. Within the analyzed variables, the most significant influence on the country´s sustainability has the Employment rate, the Gender wage gap, and perceived Health.
Research Limitation/implication: This study examines the situation within the Visegrad Group, and only 13 variables are selected for the analysis.
Originality/Value of paper: The paper deals with the macroeconomic perception of sustainability and sustainable development connected to human well-being in V4 countries. The potential linkage between overall sustainable countries´ performance based on SDGs fulfilment and human well-being presented by OECD Social and Welfare Statistics is analyzed.
Full text article
References
Bridgman, T., Cummings, S., & Ballard, J., 2019. Who Built Maslow’s Pyramid? A History of the Creation of Management Studies’ Most Famous Symbol and Its Implications for Management Education. Academy of Management Learning & Education, [e-journal] 18(1), pp. 81-98. DOI: 10.5465/amle.2017.0351.
Elkington. J., 1998. Cannibals with Forks: the Triple Bottom Line of 21st Century Business. Oxford: Capstone.
Garza. F. A., 2013. A Framework for Strategic Sustainability in Organizations: A Three Pronged Approach. Journal of Comparative International Management, [e-journal] 16(1), pp. 23-36. https://journals.lib.unb.ca/index.php/JCIM/article/view/21151.
Hart. S. L., & Milstein. M. B., 2003. Creating Sustainable Value. Academy of Management Executive. Academy of Management Perspectives, [e-journal] 17(2), pp. 56-69. DOI: 10.5465/ame.2003.10025194.
Kasioumi, M., 2021. The Environmental Kuznets Curve: Recycling and the Role of Habit Formation. Review of Economic Analysis, [e-journal] 13, pp. 367-387.
Ministerstvo zivotniho prostredi, n.d. Strategicky ramec Ceska republika 2030. https://www.cr2030.cz/strategie/.
OECD, n.d. OECD Social and Welfare Statistics. https://stats.oecd.org/viewhtml.aspx?datasetcode=HSL&lang=en#.
Porritt. J., 2007. Capitalism: As If the World Matters. London: Earthscan.
Ravallion, M., & Chen, S. H. (2022). Is that really a Kuznets curve? Turning points for income inequality in China. Journal of Economic Inequality, [e-journal] 20, pp. 749–776. DOI: 10.1007/s10888-022-09541-x.
Sustainable Development Report, n.d. Rankings: The overall performance of all 193 UN Member States. https://dashboards.sdgindex.org/rankings.
Walker. S., 2011. The Spirit of Design: object. environment and meaning. London: Earthscan-Routledge.
World Commission on Environment and Development, 1987. Report of the World Commission on Environment and Development: Our Common Future. https://digitallibrary.un.org/record/139811
Authors
Copyright (c) 2023 Jan Pokorný, Alena Palacká
This work is licensed under a Creative Commons Attribution 4.0 International License.
This is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access. This journal is licensed under a Creative Commons Attribution 4.0 License - http://creativecommons.org/licenses/by/4.0.
Authors who publish with the Quality Innovation Prosperity agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.