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ISSUES AND TRENDS OF ECO-INNOVATION FOR RESOURCE EFFICIENCY IMPROVEMENTS IN ROMANIAN SMEs

Author

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  • SIMONA FRONE

    (INSTITUTE OF NATIONAL ECONOMY, BUCHAREST, ROMANIA)

  • ANDREEA CONSTANTINESCU

    (INSTITUTE OF NATIONAL ECONOMY, BUCHAREST, ROMANIA)

Abstract

As analysed in our previous publications, eco-innovation and resource efficiency are important concepts that represent strong pillars and opportunities for implementing the green and circular economy in the European Union and in Romania, as practical steps in the Sustainable Development Strategies. However, there were conclusions signalling some issues and challenges to be still tackled demanding coordinated efforts and policies at all scales. The main objective of the research is the analysis of the SMEs eco-innovation efforts to raise resource efficiency, by implementing specific actions and investment able to play a decisive role in the transition to a green economy in Romania. Methodology is based on previous research outcomes of conceptual and empirical analysis in the areas of resource efficiency, green economy, and eco-innovation parks as well as on comparative analysis based on recent reporting. In this view, we emphasize again the positive direct correlation between eco-innovation and resource productivity revealed by recent national and international surveys as well as by own research.The conclusions and policy recommendations are that lately Romanian SMEs have become interested to adopt measures to improve their resource efficiency and have made some progress but are still lagging behind in comparison to the EU average. A chance for catching-up would be the development of more industrial ecosystems in Romania, in view of a sustainable development and a green economy.

Suggested Citation

  • Simona Frone & Andreea Constantinescu, 2018. "ISSUES AND TRENDS OF ECO-INNOVATION FOR RESOURCE EFFICIENCY IMPROVEMENTS IN ROMANIAN SMEs," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 200-209, June.
    • Handle: RePEc:cbu:jrnlec:y:2018:v:3:p:200-209
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    References listed on IDEAS

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    1. Andreea Constantinescu & Simona Frone, 2014. "The role of technological innovation in sustainable economic development," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 4(1.1), pages 1-13, February.
    2. Frone Simona & Constantinescu Andreea, 2015. "Objectives And Trends Of A Resource-Efficient Economy In European Union And In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 296-302, July.
    3. Frone Simona & Constantinescu Andreea, 2017. "Industrial Symbiosis For Promoting The Green Economy In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 25-34, August.
    4. Simona FRONE, 2017. "Eco-innovation promoting the circular economy in Romania," Romanian Journal of Economics, Institute of National Economy, vol. 44(1(53)), pages 155-184, June.
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