Abstract
The problem of establishing an effective solid waste management system is complex and still unresolved in Serbian municipalities, cities and settlements. Most landfills in Serbia do not meet basic sanitary standards and can often contain waste that is dangerous to human, plant and animal health, and waste that can be recycled is often dumped. The aim of this paper is to investigate the relationship between waste generation and private investments in waste management. Statistical method of multiple linear regression was used to examine the impact of three predictors - economic development, investments in waste management, and urban population, on the dependent variable - municipal solid waste generation. The results of the research reveal that investments in waste management in Serbia do not have an effect on the waste reduction because the financial resources for such investments are not adequately managed. There is a large number of scientific researches that have dealt with the analysis of the mentioned relationship, however, their number on the example of Serbia is rather scarce. The results of the research could be useful to the state administrations of the Republic of Serbia.
Highlights
The question of impact of investments, both domestic and foreign, on the economic growth of the country has been a burning question for many years which numerous eminent researchers have tried to answer
Proponents of this theory believe that the ecological economics is not a pure economics or ecology, but their mix, which recognizes the fact that the human economy is part of the natural world and the environment is a source of resources that are limited and scarce, as well as a place of waste storage
The goal of this paper is to study the impact of economic growth, investments in waste management and urban population on municipal solid waste generation of the Republic of Serbia, considering that in this country as well as in the countries of the region, this issue has been quite neglected
Summary
The question of impact of investments, both domestic and foreign, on the economic growth of the country has been a burning question for many years which numerous eminent researchers have tried to answer. Proponents of the conventional economics see the economy as a closed system that is self-sufficient and in which prices of products, services and factors of production are formed, while supporters of the ecological economics see the economy as an open system embedded in the ecosystem (Martinez-Alier, 2001) Proponents of this theory believe that the ecological economics is not a pure economics or ecology, but their mix, which recognizes the fact that the human economy is part of the natural world and the environment is a source of resources that are limited and scarce, as well as a place of waste storage. The goal of this paper is to study the impact of economic growth, investments in waste management and urban population on municipal solid waste generation of the Republic of Serbia, considering that in this country as well as in the countries of the region, this issue has been quite neglected. In the last part of the manuscript, a conclusion is given
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