Research Article: 2021 Vol: 25 Issue: 5S
V. Apalkova, Kyiv National Economic University named after Vadym Hetman
?. Nikolaienko, Oles Honchar Dnipro National University
N. Meshko, Oles Honchar Dnipro National University
Citation: Apalkova, V., Nikolaienko, A., & Meshko, N. (2021). Prediction of environmental performance based on country’s economic attractiveness. Academy of Accounting and Financial Studies Journal, 25(S5), 1-15.
In the article, the authors investigate the relationship between the basic parameters of the environmental performance and key indicators of the country's economic development, in particular such as the Human Development Index, Global Competitiveness Index, international tourism development and others. The analysis tools include correlation model and a decision tree, which based on the application of the RapidMiner software package and a database of more than 120 countries of the world. The study revealed a significant correlation between the Environmental Performance Index (EPI) and Human Development Index (0.83), the level of competitiveness of the economy (0.79) as well as GDP per capita (0.72). Besides, the calculated decision tree showed that the key factor influencing the EPI level is the income level of the population. The calculations show that countries with GDP per capita above certain level per year belong to the cluster of either high or medium environmental efficiency and their ecosystem are significantly influenced by the human development index. In the contrary, when the level of GDP per capita in economy is very low, the dominant value is no longer the human development index, but the number of registered enterprises in the country (the more intensive entrepreneurial activity the higher probability that country will have low environmental performance). The presence of a strong relationship between the environmental index (EPI) and human development index (0.83) suggests the need to improve the quality of human capital, especially in the countries of the third cluster of low environmental efficiency.
Environmental Performance, Circular Economy, Human Development, Global Competitiveness, Economic Attractiveness, Decision Tree.
F64, O15, J2.
Scientific publications write a lot about the need to develop a "green" and circular economy, and this topic is often number one in discussions at the world economic forum. However, as the analysis has shown, in countries such as Ukraine, Kazakhstan, Russia, businesses often perceive the raising of "environmental friendliness" standards as a whim of rich countries. In this regard, the governments of developing countries are constantly questioning the timeliness of the transition to a green or circular economy model, because this is associated with large investments, which, according to some politicians, should be attributed to a later period, when "the country can afford them."
The dynamics analysis of material productivity in the world shows Figure 1 that the cost of resources has increased slightly, but in much lower dimensions than global GDP, so from an economic point of view, there are virtually no incentives to move from extensive to intensive use of resources.
Figure 1: Material Productivity Dynamics in the World (Average by Country, USD/Kg) in Comparison with the Dynamics of GDP (Billion USD)
At the same time, climate change and environmental impacts are increasingly causing economic crises and problems.
In this article, we propose to consider a model for assessing the relationship between basic environmental parameters and key indicators of the country's economic development. Our hypothesis is that the ideas of circularity are progressive, and therefore have a positive effect on society and the economy as a whole; on the other hand, we believe that the country's economy and its subjects must achieve certain criteria in order to positively influence the environment. However, this approach requires scientific justification, as well as building a model and testing it.
At the beginning of the twenty-first century, the idea of "green" economic growth reached a new level of implementation, expressed in a new UN initiative, the so-called "new global green course", which relies on combining the tasks of development and preservation of the environment through the priority development of ecological growth niches and the latest environmentally friendly technologies. The essence of this idea was the introduction of environmental standards into the world economy, focusing on the maximum reduction of the carbon and energy intensity of production (Li & Jiang, 2012; Mathews, 2017).
In 2020 World Economic Forum recognized Valuing the Environment as one of the key components of the development agenda today. Moreover, among the key directions are circular economy practices, decarbonization, and nature-based solutions that can re-orient development towards more responsible economic growth (Broeckhoven et al., 2021).
The Fourth Industrial Revolution is known to be proclaimed in 2016 as a response to society's total informatization, technology rapid development, and changing global orientations of humankind, caused by environmental problems and limited resources for human functioning. K. Schwab (2017) emphasizes that the synthesis of digital technologies and the formation of production and technological systems based on the circular economy characterize the Fourth Industrial Revolution. Boulding's work was one of the first works on the circular economy concept compared to the planet Earth's closed functioning with a spaceship (Geisendorf & Pietrulla, 2018). Meadows et al. (2019) continuing Boulding's opinion, note that the Earth's resources are not only limited and interconnected, but also considering five factors (population growth, agricultural production, limited resources, industrial production, and environmental situation), cannot maintain the economic growth rate after 2100.
McDonough & Braungart(2002) further developed the ideas, considering such factors as resources, labor and waste, and the principles of a circular economy through the prism of companies' competitiveness. The authors note: "new criterion of efficiency of enterprises creates to balance traditional economic goals with social and environmental problems". Studying the principles of the circular economy, its separate direction related to the sharing economy, in particular in the automotive industry, is often mentioned (Reshetnikova et al., 2021).
A significant stage in the theories development of the circular economy is the creation and operation of the E. McArthur Foundation, which aims to "inspire generations to rethink, redesign and build a positive future". The Foundation plans to achieve this goal due to the circular economy principles: "the circular economy provides a holistic basis for redesigning the systems' level and, as such, offers the opportunity to use innovation and creativity to build a positive, restorative economy" (MacArthur, 2013).
George et al. (2019) supported the Foundation ideas trying to build a theoretical model of a circular economy "with two types of economic resources, namely: waste and recyclables". The authors prove the irrelevance of Kuznets' economic hypothesis (1955) and ecological curve (KEC) by showing that the environment quality cannot be maintained or improved by economic growth. Logically, researchers' focus on the circular economy is the production process and its infrastructure. Sinclair et al. (2018) note: "small-scale, flexible and localized production systems reduce resource and transport emissions and extend product life".
Interesting is the bibliometric study of Rial et al. (2018), who studied the change in scientific thought in 2006-2017. Scientists have come to the following conclusion: "Works on the circular economy and the environment have significant potential, and they are open to research areas of sustainable development or industrial production". According to them, the most active countries were China, Britain, Italy, the Netherlands, and Germany. In the opinion of many authors, in the long term, it is the market economy and its competitive mechanism, close to living nature, that can stimulate the transition to the recycling of resources against the background of their rise in prices, accompanying their depletion, including without sequestering global consumption (Preston, 2012; Stahel, 2013).
Since the early 2010s, initiatives to develop a circular economy were intensified at all government levels. China and Japan were the first to develop a circular economy through the introduction of the particular law. That created the institutional basis for business development based on the digital economy. All over the world, countries started developing the circular economy concept and adapt it to the challenges they face. In particular, the European Union launched programs to conserve resources, promote recycling, and engage digital technologies to create sustainable development.
To implement the circular economy foundations, the European Commission is implementing the Action Plan "For a cleaner and more competitive Europe." The document notes that the EU cannot independently implement the European Green Agreement's ambitious goals for a climate-neutral, resource-saving, and circular economy. The reports highlight the urgent need for a more global approach: The global transformation to a circular economy involves a shift from a linear, high-emission resource system with high emissions, waste generation, and negative impacts on ecosystems and natural capital to circular, less resource-intensive systems, more efficient and better while providing opportunities for practical activities and high quality of life (European Commission, 2020). The UN Global Environment Outlook (GEO) process, which includes the Sustainable Development Goals, Multilateral Environmental Agreements, other critical environmental aspects, and, in particular, links with social and economic development, which is useful for better environment contextualization, can be considered a global initiative, and to understand the relationship between the environment, people and the economy.
First, it must be said that consideration of the relationship between Environmental performance and human development is carried out in the context of the so-called Green Human Resource Management concept (GHRM) (Renwick et al., 2013 Ahmad, 2015). Amrutha & Geetha (2020) analyzed the publication activity on the GHRM topic in the context of issues of environmental, sustainable development and social responsibility, for the period from 1995 to 2019, which showed a sharp increase in the number of such studies since 2010. The authors identified three most actively developing areas: human resource management practices, green workplace behavior and organizational sustainability, which clearly demonstrate a transformation in the understanding of the role of people and GHRM in ensuring the environmental sustainability of an organization.
It should be noted that quite a few economists study the relationship between the state of the environment and the level of human capital development, in the context of Chinese enterprises and the economy (Paillé et al., 2014; Roscoe et al., 2019). For example, in a field study, scientists Paillé et al. (2014) studied the relationship between strategic human resource management, internal environmental concern, organizational citizenship behaviour for the environment, and environmental performance. The study was conducted in a Chinese context and showed that the organization's civic behavior towards the environment fully mediates the relationship between strategic human resource management and environmental performance, and that internal environmental concerns mitigate the impact of strategic human resource management on the organizational citizenship behavior for the environment.
In another article, scholars Roscoe et al. (2019) explore the relationship between GHRM practices, factors contributing to a green organizational culture, and a company's environmental performance. They conducted a large-scale survey of 204 employees in Chinese manufacturing companies and found that pro-ecological human resource management practices, including recruitment, training, assessment and incentives, support the development of factors that contribute to a green organizational culture.
The need for GHRM as a new approach to ensuring the environmental responsibility and sustainability of organizations is driven by two factors: the need to spread green ideas and values, and the search for new tools to improve environmental performance. Consequently, the GHRM is the focus of a large number of scientists. At the same time, we can highlight still many questions for further research, among which are the following:
Thus, despite the fact that many scientists are engaged in the issue of countries' competitiveness, circular economy, human potential, nevertheless, the analysis of the country's global competitiveness and its economic attractiveness in terms of ecology and innovation has not yet been fully studied. In addition, there are almost no systematic approaches to strengthening competitive positions from these aspects.
At the basis of the model, it is proposed to consider the relationship between indicators of the efficiency of the country's environment and its economic attractiveness. It should be noted that environmental performance includes many parameters. Adequate assessment of the state of the environment in a particular country is possible only with the use of a certain set of indicators (and not any separate indicator), since a universal indicator that characterizes the state of the environment in sufficient detail has not yet been found.
With the help of environmental indicators, it seems possible to quantify various parameters that describe the ecosystem in terms of the state of the environment and natural resources. This provides an information and analytical base for more efficient environmental management and development of a strategy for environmental protection in the region.
In accordance with this, it is proposed to use complex indicators characterizing the quality of air, water resources, biodiversity and habitat, the level of heavy metals, climate and energy, agriculture, forests, fisheries and others.
Environmental Performance
As an indicator that reflects the country's circular economy development state, we use the Environmental Performance Indicator (EPI). The data analysis used for determining the EPI 2018 shows that the calculation uses 24 individual environmental indicators which aggregated into a hierarchy of ten categories: 1) Air quality, 2) Water and sanitation, 3) Heavy metals, 4) Biodiversity and habitat, 5) Forests, 6) Fishing, 7) Climate and energy, 8) Air pollution, 9) Water resources, 10) Agriculture.
Those categories are further combined into two, which form targeted policies - environmental protection and ecosystem viability - and finally, a standard Indicator. To provide meaningful comparisons, the developers calculate the scores for each of the 24 indicators, placing them on a standard scale, where 0 means the worst performance and 100 - the best one. The country remoteness from achieving international sustainable development goals determines its location on such a scale. The figures are then multiplied by the weights and summed for the final EPI calculation.
Economic Attractiveness of the Country is also a complex concept and in different sources, the components that it includes vary significantly. The Global Competitiveness Index is one of the main compounded indicators that reflects a country's ability to compete with other countries in the context of the Fourth Industrial Revolution. It is determined annually by the World Economic Forum together with a network of partner organizations (leading research institutes and organizations existing in different countries of the world) according to a methodology based on a combination of publicly available statistics and the results of a global survey of company executives (Fabus, 2018).
Many researchers focus on investment and macroeconomic stability in the context of a country's economic attractiveness (Trusova et al., 2020). At the same time, an approach that includes migration and tourism components seems to be more complete. In particular, according to Lee (2016), the attractiveness of a country should be considered in terms of international business, tourism and immigration and, in a broad sense, it is defined as the degree to which a country is preferable to others in the eyes of relevant stakeholders based on certain criteria, including tangible and intangible elements.
The economic attractiveness of a country largely depends on the degree to which the investment climate is favourable, i.e., on a combination of political, economic, social, cultural, organizational, legal and geographical factors that induce or repulse investors to invest in a particular economic system (the country's economy, region, enterprise) (Galgánková, 2020).
As we can see for the relationship with big international business, foreign investments play an important role in creating beneficial conditions for economic development. Attracting foreign investment allows the recipient country to receive a number of benefits, the main of which are to improve the balance of payments; transfer of the latest technologies and know-how; integrated use of internal resources; development of export potential and reduction of the level of dependence on imports; achieving a socio-economic effect (increasing employment, building social infrastructure, etc.). Opportunities to attract investment to the country depend, first of all, on the conditions for investors, i.e. on the investment attractiveness of the country (Makarenko et al., 2019). At the same time, more and more investment projects include parameters of social and environmental responsibility.
The level of development of international tourism is an important aspect of a country's economic attractiveness. After all, the attractiveness of a region reflects the opinion of visitors about its supposed ability to satisfy their needs and encourages them to spend time there. Thus, the more a particular destination can meet the needs of tourists, the more it will be perceived as attractive and the more likely it will be chosen (Vengesayi, 2003). In other words, since tourists are attracted to a destination due to its special attributes, it is believed that a place with more attractive attributes is more likely to be selected and revisited (Lee et al., 2010).
In modern conditions, human capital, more than physical assets or financial capital, is becoming a sustainable competitive advantage. The theory of human capital has proved that the productive, intellectual, creative qualities of a person are the main force of social and economic progress. Human capital has a significant impact on the formation of effective institutions that contribute to the development of society. Therefore, the study and scientific understanding of the mutual influence of human capital and the environment in the context of the transformation of economic relations are relevant and in demand not only by science, but also by practice (Contractor & Mudambi, 2008).
Thus, in the basis of the model, it is proposed to consider the following relationships Figure 2.
Figure 2: Relationship between the Environmental Performance and the Level of Socio-Economic Development of the Country
At the initial stage, we collected static data on environmental performance, new businesses registered, foreign direct investment, GDP per capita, international tourism, Human Development Index, Global Competitiveness Index and Environmental Performance Index to calculate the model Table 1 below.
Table 1 Key Indicators for Calculating the Model |
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Index | Type | Source |
---|---|---|
Country Code (ISO) | ||
New businesses registered (number) 2018 | Attribute X(1) | New businesses registered (number) 2018 |
Foreign direct investment, net (BoP, current US$) 2018 | Attribute X(2) | Foreign direct investment, net (BoP, current US$) 2018 |
GDP per capita 2018 | Attribute X(3) | GDP per capita (current US$) - 2018. World Bank Data. |
International tourism, receipts (% of total exports) 2018 | Attribute X(4) | International tourism, receipts (% of total exports) 2018. World Bank Data. |
Human Development Index (HDI 2018) | Attribute X(5) | Human Development Index – 2018. UN |
Global Competitiveness Index (GCI 2018) | Attribute X(6) | The global competitiveness report 2018. In World Economic Forum |
Environmental Performance Index (EPI_2018) | Y | 2018 Environmental Performance Index |
Source: compiled by the authors
Further, a correlation analysis was carried out between the collected statistical data (see table below), which showed a strong relationship between the environmental efficiency index (EPI) with 1) the development of human capital (0.83), 2) the level of competitiveness of the economy (0.79) as well as 3) GDP per capita (0.72) in Figure 2.
Table 2 Correlation Matrix |
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Attribute | EPI (2018) | New businesses registered (number) 2018 | Foreign direct investment, net (BoP, current US$) 2018 | GDP per capita 2018 | International tourism, receipts (% of total exports) 2018 | HDI 2018 | GCI 2018 |
---|---|---|---|---|---|---|---|
EPI (2018) | 1,00 | 0,16 | 0,36 | 0,72 | -0,14 | 0,83 | 0,79 |
New businesses registered (number) 2018 | 0,16 | 1,00 | -0,11 | 0,07 | -0,20 | 0,16 | 0,27 |
Foreign direct investment, net (BoP, current US$) 2018 | 0,36 | -0,11 | 1,00 | 0,41 | -0,12 | 0,24 | 0,34 |
GDP per capita 2018 | 0,72 | 0,07 | 0,41 | 1,00 | -0,31 | 0,72 | 0,81 |
International tourism, receipts (% of total exports) 2018 | -0,14 | -0,20 | -0,12 | -0,31 | 1,00 | -0,28 | -0,34 |
HDI 2018 | 0,83 | 0,16 | 0,24 | 0,72 | -0,28 | 1,00 | 0,89 |
GCI 2018 | 0,79 | 0,27 | 0,34 | 0,81 | -0,34 | 0,89 | 1,00 |
Source: developed by authors based RapidMiner
In the second step, we focus on clustering countries by environmental performance (EPI). According to the research purpose, there is a need to rank countries by the circular economy development level. Based on the EPI values for 2018, 3 main clusters are identified: 1) high level; 2) intermediate level; 3) low level. The maximum and minimum values were calculated to consider the change in each period's dynamics, and this difference was further divided into three groups Table 3.
Table 3 The Clustering Parameters Calculation of Countries According to Environmental Performance Indicators (EPI) |
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Cluster | Maximum value | Minimum value |
---|---|---|
High level | Max(y(1),y(2),…y(n)) | Max(y(1),y(2),…y(n))-A |
Intermediate level | Max(y(1),y(2),…y(n))-A | Max(y(1),y(2),…y(n))-2*A |
Low level | Max(y(1),y(2),…y(n))-A | Min(y(1),y(2),…y(n)) |
Wherein: |
Source: compiled by the authors
Applying the above methodological approach to the environmental indicators analysis, we divided the countries into clusters Table 4.
Table 4 Countries Distribution by EPI Clusters |
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Development cluster (2018)/region | high | intermediate | low |
---|---|---|---|
Europe | Switzerland, France, Denmark, Malta, Sweden, United Kingdom, Luxembourg, Austria, Ireland, Finland, Iceland, Spain, Germany, Norway, Belgium, Italy, Netherlands, Greece, Cyprus, Portugal, Slovakia, Lithuania | Bulgaria, Czech Republic, Slovenia, Latvia, Albania, Croatia, Hungary, Romania, Estonia, Poland, Macedonia, Serbia, Turkey, Oman | Bosnia and Herzegovina |
Middle East | Israel | Qatar, Kuwait, Jordan, Lebanon, UAE, Iran, Saudi Arabia | Iraq |
Asia and Oceania | Japan, New Zealand, Australia, Taiwan | Singapore, Brunei, South Korea, Sri Lanka, Malaysia, Philippines, Mongolia, China, Thailand | Vietnam, Indonesia, Myanmar, Cambodia, Pakistan, Nepal, India, Bangladesh |
America | USA, Canada | Costa Rica, Colombia, Dominican Republic, Uruguay, Venezuela, Cuba, Panama, Peru, Brazil, Mexico, Argentina, Jamaica, Chile, Ecuador, Bolivia, Nicaragua, Paraguay, El Salvador, Guatemala, Honduras | Haiti |
Africa | Trinidad and Tobago, Morocco, Tunisia, Egypt, Namibia, Algeria, Nigeria, Botswana, Sudan, Zambia, Tanzania, Ghana, Senegal | Kenya, Mozambique, Gabon, Ethiopia, South Africa, Zimbabwe, Togo, Cameroon, Eritrea, Benin, Angola, Congo | |
Countries of the former USSR | Turkmenistan, Belarus, Russia, Azerbaijan, Armenia, Georgia, Kyrgyzstan, Kazakhstan, Ukraine, Moldova | Tajikistan, Uzbekistan |
Source: Compiled by the author
Highly developed countries have the highest rates of circular economy development, leaders in innovative development: Europe, USA, Canada, Israel, and Japan. Countries with low technological development and resource-intensive economic model (countries of the former USSR and Africa), respectively, have the lowest values of environmental performance indicators. The vast majority of the world's countries belong to the central cluster growth in the environmental performance indicators.
At the third stage, using the RapidMiner software package, we built a decision tree to predict which cluster of environmental efficiency the country will belong to, depending on its indicators of economic attractiveness (the list is shown in Table 5, and the database is presented in Appendix 1). The plotting results are shown in the Figure 3 below.
Table 5 Modeling of Decision Tree for Prediction of EPI Cluster |
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Accuracy: 86.96% | true high | true intermediate | true low | class precision |
---|---|---|---|---|
pred. high | 6 | 1 | 0 | 85.71% |
pred. intermediate | 0 | 12 | 1 | 92.31% |
pred. low | 0 | 1 | 2 | 66.67% |
class recall | 100.00% | 85.71% | 66.67% |
Source: developed by authors based RapidMiner
Based on the analysis, it can be concluded that the key factor influencing the efficiency of the environment in the national ecosystem is the level of income of the population. Countries with GDP per capita above $ 2012 / year are included in the cluster of either high or medium environmental efficiency (according to the EPI level). For their ecosystem, a significant impact of the level of human capital development (HDI) has been revealed. In addition, countries with a high level of human capital development (more than 0.856) and GDP per capita (more than $ 2012 per year) in most cases (33% of total) belong to the cluster of high environmental efficiency. Where the HDI is below 0.856, but GDP per capita is above 2012 $ per year, countries belong mainly to the cluster of average environmental efficiency. However, when the level of GDP per capita is below $ 2012 / year, the dominant value is no longer the human capital development index (HDI), but the number of registered enterprises in the country. It was revealed that if this is a relatively large number - more than 4238 / year - then the country will enter a cluster of low environmental efficiency (low EPI). Otherwise, the country will be included in the cluster of average environmental efficiency. This can be explained by the fact that the level of environmental responsibility of business in countries with low per capita income is very limited. Consequently, the lack of environmental standards for business models with increasing entrepreneurial activity causes serious damage to the environment.
Summing up, the hypothesis about the close relationship of country’s global competitiveness and economic attractiveness with its environmental performance was tested. The results obtained prove that the ecological values increase in the ecosystem with the growth of incomes of the population, the increase in the economic attractiveness of the country and its level of global competition. The study revealed a significant correlation between the Environmental Performance Index (EPI) and Human Development Index (0.83), the level of competitiveness of the economy (0.79) as well as GDP per capita (0.72). The presence of a strong relationship between the environmental index (EPI) and human development index (0.83) suggests the need to improve the quality of human capital, especially in the countries of the third cluster of low environmental efficiency.
The use of the RapidMiner software complex allowed us to build a decision tree for predicting the cluster of environmental efficiency with a different combination of factors affecting the development of the country's economic system: new businesses registered, foreign direct investment, GDP per capita, international tourism, Human Development Index, Global Competitiveness Index and Environmental Performance Index.
The calculations show that ccountries with GDP per capita above $ 2012 per year belong to the cluster of either high or medium environmental efficiency. Their ecosystem are significantly influenced by the human development index (HDI). Moreover, countries with a high HDI (more than 0.856) and GDP per capita (more than $ 2012 per year) in most cases (33%) will be associated with the cluster of high environmental efficiency. If the country’s HDI is below 0.856, but GDP per capita is above 2012 $ per year, it will be mainly affiliated to the cluster of average environmental performance. However, when the level of GDP per capita is below $ 2012 per year, the dominant value is no longer the human development index, but the number of registered enterprises in the country. It was revealed that if this is a relatively large number - more than 4238 per year - then the country will enter a cluster of low environmental performance. Otherwise, the country will be included in the cluster of average environmental efficiency.
Thus, in countries with an intermediate and high level of environmental performance, there is a direct link between productivity and the human development, therefore, investing in human capital is strategically important for both companies and the country as a whole. For low-income countries, it is important to accelerate the process of creating an education system and ensuring access to the results of scientific and technological development in more developed countries. International investments, programs of international organizations in the field of health and the environment are important. Insufficient investment leads to the use of extensive factors in the development of national economies. The use of "dirty technologies", a high level of resource intensity of production, these and other factors in the conditions of even increasing entrepreneurial activity cause serious damage to the environment.
For middle-income countries, it is important to improve the quality of education, taking into account the orientation towards environmental principles of business and life. In the production of goods and services, it is important to form new competencies for managers. Solving the problem of circularity of business models requires the development of educational programs focused on the training of consultants, designers, designers of cyclical production of local and global scales. It is necessary to study the experience of the countries of the first cluster (high EPI) in terms of the formation of new value approaches in organizing the training of company personnel and managers of territorial development.
The formation of institutional foundations, national and regional programs and projects are vital prerequisites for business development and entrepreneurship based on resource-efficient technologies and business models of circularity. The focus on the business environmental friendliness demands a change of principles, methods and techniques of corporate management. For the production development based on a circular economy, it is essential to invest in the appropriate infrastructure development and specialists’ training in environmental management. Multinational corporations are implementing new after-sales customer service systems on a circular basis, which provides new competitive advantages in local and international markets.
Appendix
Appendix 1 Initial Data for the Calculation of Decision Tree and Correlation Model |
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Country | Country Code | Region | Cluster | EPI 2018 | New businesses registered (number) 2018 | Foreign direct investment, net (BoP, current US$ mln) 2018 | GDP per capita 2018 | International tourism, receipts (% of total exports) 2018 | HDI 2018 | GCI 2018 |
---|---|---|---|---|---|---|---|---|---|---|
Switzerland | CHE | EU | high | 87,42 | 25 637 | 112 318 | 86 430 | 4,41 | 0,955 | 82,6 |
France | FRA | EU | high | 83,95 | 201 087 | 68 851 | 41 526 | 7,95 | 0,898 | 78 |
Denmark | DNK | EU | high | 81,6 | 36 982 | -1 638 | 61 599 | 4,53 | 0,939 | 80,6 |
Malta | MLT | EU | high | 80,9 | 5 527 | -11 618 | 30 672 | 0,894 | 68,8 | |
Sweden | SWE | EU | high | 80,51 | 45 590 | 13 762 | 54 589 | 0,943 | 81,7 | |
United Kingdom | GBR | EU | high | 79,89 | 664 974 | -24 763 | 42 993 | 0,928 | 82 | |
Luxembourg | LUX | EU | high | 79,12 | 7 309 | 73 819 | 116 597 | 4,89 | 0,913 | 76,6 |
Austria | AUT | EU | high | 78,97 | 3 830 | 1 971 | 51 453 | 10,03 | 0,921 | 76,3 |
Ireland | IRL | EU | high | 78,77 | 22 398 | 27 442 | 79 298 | 3,24 | 0,951 | 75,2 |
Finland | FIN | EU | high | 78,64 | 14 700 | 13 724 | 50 013 | 5,44 | 0,937 | 80,3 |
Iceland | ISL | EU | high | 78,57 | 2 283 | 471 | 74 348 | 0,946 | 74,5 | |
Spain | ESP | EU | high | 78,39 | 94 676 | -16 391 | 30 375 | 0,905 | 74,2 | |
Germany | DEU | EU | high | 78,37 | 72 844 | 28 140 | 47 787 | 3,16 | 0,946 | 82,8 |
Norway | NOR | EU | high | 77,49 | 29 959 | 20 067 | 82 268 | 4,29 | 0,956 | 78,2 |
Belgium | BEL | EU | high | 77,38 | 24 677 | 9 073 | 47 555 | 2,29 | 0,93 | 76,6 |
Italy | ITA | EU | high | 76,96 | 114 360 | -4 291 | 34 609 | 7,87 | 0,89 | 70,8 |
New Zealand | NZL | Oceania | high | 75,96 | 56 380 | -1 919 | 43 306 | 18,99 | 0,928 | 77,5 |
Netherlands | NLD | EU | high | 75,46 | 71 531 | 63 766 | 53 019 | 3,34 | 0,942 | 82,4 |
Israel | ISR | Middle East | high | 75,01 | 17 456 | -15 428 | 41 705 | 7,31 | 0,916 | 76,6 |
Japan | JPN | Asia | high | 74,69 | 29 243 | 134 929 | 39 159 | 4,87 | 0,917 | 82,5 |
Australia | AUS | Oceania | high | 74,12 | 235 654 | -60 527 | 57 355 | 14,46 | 0,943 | 78,9 |
Greece | GRC | EU | high | 73,6 | 9 793 | -3 506 | 19 766 | 26,38 | 0,881 | 62,1 |
Taiwan | TWN | Asia | high | 72,84 | 0 | 79,3 | ||||
Cyprus | CYP | EU | high | 72,6 | 14 526 | -5 536 | 29 089 | 18,13 | 0,885 | 65,6 |
Canada | CAN | America | high | 72,18 | 4 065 | 18 934 | 46 455 | 0,928 | 79,9 | |
Portugal | PRT | EU | high | 71,91 | 43 114 | -6 392 | 23 551 | 23,04 | 0,86 | 70,2 |
United States | USA | America | high | 71,19 | -412 780 | 63 064 | 9,36 | 0,925 | 85,6 | |
Slovak Republic | SVK | EU | high | 70,6 | 19 720 | -1 293 | 19 365 | 3,29 | 0,858 | 66,8 |
Lithuania | LTU | EU | high | 69,33 | 6 072 | -260 | 19 167 | 0,876 | 67,1 | |
Bulgaria | BGR | EU | intermediate | 67,85 | 45 683 | -886 | 9 428 | 11,61 | 0,813 | 63,6 |
Costa Rica | CRI | America | intermediate | 67,85 | 8 984 | -2 183 | 12 469 | 18,83 | 0,808 | 62,1 |
Qatar | QAT | Middle East | intermediate | 67,8 | 14 824 | 5 709 | 65 908 | 14,86 | 0,845 | 71 |
Czech Republic | CZE | EU | intermediate | 67,68 | 30 336 | -2 245 | 23 420 | 4,32 | 0,898 | 71,2 |
Slovenia | SVN | EU | intermediate | 67,57 | 4 182 | -1 089 | 26 103 | 7,35 | 0,912 | 69,6 |
Trinidad and Tobago | TTO | Africa | intermediate | 67,36 | 765 | 17 038 | 4,68 | 0,795 | 57,9 | |
Latvia | LVA | EU | intermediate | 66,12 | 9 864 | -745 | 17 850 | 0,863 | 66,2 | |
Turkmenistan | TKM | GUS | intermediate | 66,1 | 0 | 6 967 | 0,71 | |||
Albania | ALB | EU | intermediate | 65,46 | 2 990 | -1 209 | 5 284 | 48,20 | 0,792 | 58,1 |
Croatia | HRV | EU | intermediate | 65,45 | 15 585 | -893 | 15 014 | 36,85 | 0,848 | 60,1 |
Colombia | COL | America | intermediate | 65,22 | 68 588 | -6 409 | 6 730 | 12,03 | 0,764 | 61,6 |
Hungary | HUN | EU | intermediate | 65,01 | 24 252 | -3 829 | 16 411 | 7,14 | 0,85 | 64,3 |
Belarus | BLR | GUS | intermediate | 64,98 | 8 700 | -1 371 | 6 330 | 2,89 | 0,823 | |
Romania | ROU | EU | intermediate | 64,78 | 94 244 | -5 840 | 12 399 | 3,84 | 0,823 | 63,5 |
Dominican Republic | DOM | America | intermediate | 64,71 | 10 204 | -2 535 | 8 051 | 37,71 | 0,751 | 57,4 |
Uruguay | URY | America | intermediate | 64,65 | 2 796 | 500 | 18 704 | 14,31 | 0,816 | 62,7 |
Estonia | EST | EU | intermediate | 64,31 | 19 950 | -1 426 | 23 159 | 10,25 | 0,889 | 70,8 |
Singapore | SGP | Asia | intermediate | 64,23 | 43 046 | -61 076 | 66 679 | 3,07 | 0,936 | 83,5 |
Poland | POL | EU | intermediate | 64,11 | 36 879 | -15 285 | 15 468 | 4,80 | 0,877 | 68,2 |
Venezuela | VEN | America | intermediate | 63,89 | 0 | 0,733 | 43,2 | |||
Russia | RUS | GUS | intermediate | 63,79 | 317 468 | 22 592 | 11 287 | 3,68 | 0,823 | 65,6 |
Brunei Darussalam | BRN | Asia | intermediate | 63,57 | 731 | -516 | 31 628 | 2,70 | 0,836 | 61,4 |
Morocco | MAR | Africa | intermediate | 63,47 | 45 132 | -2 764 | 3 227 | 22,01 | 0,68 | 58,5 |
Cuba | CUB | America | intermediate | 63,42 | 0 | 8 824 | 0,781 | |||
Panama | PAN | America | intermediate | 62,71 | 13 068 | -4 917 | 15 545 | 25,00 | 0,812 | 61 |
Tunisia | TUN | Africa | intermediate | 62,35 | 13 134 | -989 | 3 439 | 11,95 | 0,738 | 55,6 |
Azerbaijan | AZE | GUS | intermediate | 62,33 | 11 611 | 358 | 4 740 | 11,10 | 0,754 | 60 |
Korea, Rep. | KOR | Asia | intermediate | 62,3 | 26 038 | 33 423 | 3,17 | 0,914 | 78,8 | |
Kuwait | KWT | Middle East | intermediate | 62,28 | 18 535 | 2 993 | 33 399 | 1,08 | 0,807 | 62,1 |
Jordan | JOR | Middle East | intermediate | 62,2 | 3 289 | -963 | 4 308 | 41,22 | 0,728 | 59,3 |
Armenia | ARM | GUS | intermediate | 62,07 | 6 137 | -247 | 4 221 | 27,67 | 0,771 | 59,9 |
Peru | PER | America | intermediate | 61,92 | 79 346 | -6 469 | 6 958 | 8,07 | 0,771 | 61,3 |
Egypt, Arab Rep. | EGY | Africa | intermediate | 61,21 | -7 818 | 2 537 | 24,61 | 0,701 | 53,6 | |
Lebanon | LBN | Middle East | intermediate | 61,08 | -2 043 | 8 013 | 45,37 | 0,747 | 57,7 | |
Macedonia | MKD | EU | intermediate | 61,06 | 0 | 6 087 | 5,08 | 56,6 | ||
Brazil | BRA | America | intermediate | 60,7 | 189 076 | -76 138 | 9 151 | 2,30 | 0,762 | 59,5 |
Sri Lanka | LKA | Asia | intermediate | 60,61 | 10 510 | -1 546 | 4 059 | 0,779 | 56 | |
Mexico | MEX | America | intermediate | 59,69 | 83 903 | -25 365 | 9 687 | 4,96 | 0,776 | 64,6 |
Argentina | ARG | America | intermediate | 59,3 | 5 667 | -10 071 | 11 633 | 7,78 | 0,842 | 57,5 |
Malaysia | MYS | Asia | intermediate | 59,22 | 51 722 | -2 539 | 11 378 | 8,86 | 0,805 | 74,4 |
United Arab Emirates | ARE | Middle East | intermediate | 58,9 | 24 716 | 0 | 43 839 | 0,889 | 73,4 | |
Jamaica | JAM | America | intermediate | 58,58 | 3 159 | -762 | 5 360 | 0,734 | 57,9 | |
Namibia | NAM | Africa | intermediate | 58,46 | -138 | 5 588 | 9,86 | 0,645 | 52,7 | |
Iran | IRN | Middle East | intermediate | 58,16 | 23 689 | 0 | 3 598 | 0,785 | 54,9 | |
Philippines | PHL | Asia | intermediate | 57,65 | 19 774 | -5 833 | 3 252 | 10,75 | 0,711 | 62,1 |
Mongolia | MNG | Asia | intermediate | 57,51 | 11 507 | -1 924 | 4 135 | 6,82 | 0,735 | 52,7 |
Chile | CHL | America | intermediate | 57,49 | 132 740 | -6 450 | 15 888 | 4,59 | 0,849 | 70,3 |
Serbia | SRB | EU | intermediate | 57,49 | 8 671 | -3 714 | 7 252 | 7,77 | 0,803 | 60,9 |
Saudi Arabia | SAU | Middle East | intermediate | 57,47 | 12 116 | 15 005 | 23 337 | 5,39 | 0,854 | 67,5 |
Ecuador | ECU | America | intermediate | 57,42 | -1 388 | 6 296 | 8,98 | 0,762 | 55,8 | |
Algeria | DZA | Africa | intermediate | 57,18 | 9 472 | -586 | 4 154 | 0,44 | 0,746 | 53,8 |
Bolivia | BOL | America | intermediate | 55,98 | 3 593 | -387 | 3 549 | 9,16 | 0,714 | 51,4 |
Georgia | GEO | GUS | intermediate | 55,69 | 25 241 | -966 | 4 723 | 39,54 | 0,805 | 60,9 |
Nicaragua | NIC | America | intermediate | 55,04 | -763 | 2 015 | 0,659 | 51,5 | ||
Kyrgyz Republic | KGZ | GUS | intermediate | 54,86 | -139 | 1 308 | 18,94 | 0,696 | 53 | |
Nigeria | NGA | Africa | intermediate | 54,76 | 86 309 | -210 | 2 028 | 2,99 | 0,534 | 47,5 |
Kazakhstan | KAZ | GUS | intermediate | 54,56 | 23 464 | -4 723 | 9 813 | 3,95 | 0,819 | 61,8 |
Paraguay | PRY | America | intermediate | 53,93 | 1 018 | -458 | 5 783 | 2,74 | 0,727 | 53,4 |
El Salvador | SLV | America | intermediate | 53,91 | 2 347 | -826 | 4 053 | 18,11 | 0,67 | 52,8 |
Turkey | TUR | EU | intermediate | 52,96 | 85 798 | -9 235 | 9 453 | 15,47 | 0,817 | 61,6 |
Ukraine | UKR | GUS | intermediate | 52,87 | -4 460 | 3 097 | 3,83 | 0,774 | 57 | |
Guatemala | GTM | America | intermediate | 52,33 | 5 530 | -778 | 4 478 | 9,25 | 0,657 | 53,4 |
Moldova | MDA | GUS | intermediate | 51,97 | 4 801 | -254 | 4 230 | 14,50 | 0,746 | 55,5 |
Botswana | BWA | Africa | intermediate | 51,7 | -204 | 8 280 | 7,76 | 0,73 | 54,5 | |
Honduras | HND | America | intermediate | 51,51 | -895 | 2 510 | 8,42 | 0,633 | 52,5 | |
Sudan | SDN | Africa | intermediate | 51,49 | -1 136 | 826 | 20,88 | 0,506 | ||
Oman | OMN | Middle East | intermediate | 51,32 | 5 085 | -5 225 | 16 521 | 6,42 | 0,813 | 64,4 |
Zambia | ZMB | Africa | intermediate | 50,97 | 10 236 | -363 | 1 516 | 0,582 | 46,1 | |
Tanzania | TZA | Africa | intermediate | 50,83 | 5 276 | -972 | 1 043 | 29,14 | 0,524 | 47,2 |
China | CHN | Asia | intermediate | 50,74 | -92 338 | 9 977 | 0,755 | 72,6 | ||
Thailand | THA | Asia | intermediate | 49,88 | 55 589 | 4 182 | 7 297 | 18,68 | 0,772 | 67,5 |
Ghana | GHA | Africa | intermediate | 49,66 | -2 908 | 2 194 | 4,42 | 0,606 | 51,3 | |
Senegal | SEN | Africa | intermediate | 49,52 | 4 003 | -795 | 1 458 | 10,54 | 0,516 | 49 |
Tajikistan | TJK | GUS | low | 47,85 | 831 | -249 | 853 | 15,31 | 0,661 | 52,2 |
Kenya | KEN | Africa | low | 47,25 | 44 259 | -1 462 | 1 708 | 15,43 | 0,599 | 53,7 |
Vietnam | VNM | Asia | low | 46,96 | -14 902 | 2 566 | 3,90 | 0,7 | 58,1 | |
Indonesia | IDN | Asia | low | 46,92 | -12 511 | 3 894 | 8,45 | 0,712 | 64,9 | |
Mozambique | MOZ | Africa | low | 46,37 | -2 692 | 503 | 5,54 | 0,452 | 39,8 | |
Uzbekistan | UZB | GUS | low | 45,88 | 35 968 | -623 | 1 529 | 9,30 | 0,717 | |
Myanmar | MMR | Asia | low | 45,32 | 14 051 | -1 768 | 1 279 | 10,62 | 0,579 | |
Gabon | GAB | Africa | low | 45,05 | 1 106 | 0 | 7 957 | 0,697 | 45,5 | |
Ethiopia | ETH | Africa | low | 44,78 | 31 198 | -3 360 | 772 | 46,54 | 0,478 | 44,5 |
South Africa | ZAF | Africa | low | 44,73 | -1 543 | 6 373 | 8,89 | 0,707 | 60,8 | |
Zimbabwe | ZWE | Africa | low | 43,41 | 16 810 | 0 | 1 352 | 0,569 | 42,6 | |
Cambodia | KHM | Asia | low | 43,23 | 7 007 | -3 089 | 1 512 | 26,24 | 0,585 | 50,2 |
Iraq | IRQ | Middle East | low | 43,2 | 5 074 | 5 523 | 2,16 | 0,671 | ||
Bosnia and Herzegovina | BIH | EU | low | 41,84 | 2 493 | -602 | 6 072 | 13,38 | 0,777 | 54,2 |
Togo | TGO | Africa | low | 41,78 | 2 587 | 251 | 902 | 15,80 | 0,51 | |
Cameroon | CMR | Africa | low | 40,81 | -657 | 1 534 | 8,67 | 0,56 | 45,1 | |
Eritrea | ERI | Africa | low | 39,34 | 0 | 0,456 | ||||
Benin | BEN | Africa | low | 38,17 | 3 341 | -184 | 1 241 | 4,55 | 0,541 | 44,4 |
Pakistan | PAK | Asia | low | 37,5 | 13 229 | -1 758 | 1 482 | 2,75 | 0,552 | 51,1 |
Angola | AGO | Africa | low | 37,44 | 6 462 | 3 290 | 1,35 | 0,582 | 37,1 | |
Haiti | HTI | America | low | 33,74 | -105 | 1 435 | 34,86 | 0,508 | 36,5 | |
Nepal | NPL | Asia | low | 31,44 | 24 088 | -68 | 1 179 | 27,78 | 0,596 | 50,8 |
India | IND | Asia | low | 30,57 | 123 942 | -30 700 | 1 997 | 5,43 | 0,642 | 62 |
Dem. Rep. Congo | COD | Africa | low | 30,41 | -1 408 | 557 | 0,38 | 0,478 | 38,2 | |
Bangladesh | BGD | Asia | low | 29,56 | 4 473 | -2 402 | 1 698 | 0,81 | 0,625 | 52,1 |