ECONOMIC INSTRUMENTS USED IN THE FIELD OF ENVIRONMENTAL PROTECTION IN THE REPUBLIC OF SERBIA

Abstract

In order for the processes of environment protection
and improvement in the Republic of Serbia to be more efficient,
certain financial investments are necessary. After an
introductory overview, the aim of the research was presented,
which is to show correlation between costs and tax revenues in
the field of environmental protection. The linear regression
model and Pearson’s correlation coefficient were used for the
analyses. The paper presents economic instruments in the field
of environmental protection for the period 2009-2018. Data obtained from the National Statistical Office were used. The
state of the environment, as well as the goals related to
European integration with the opening of Chapter 27, show that
the presented data relating to the environment in the Republic of
Serbia are very worrying and represent one of the key problems
for policy implementation. The obtained results showed that
there is a significant degree of correlation (r = 0.887). The
current situation indicates that special attention should be paid
to this topic, especially in terms of finding mechanisms for
providing the necessary financial funds.