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Considerations to Eco-Innovation and Its Relationship with Economic Growth

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  • Adina Titei

    (“Ovidius” University of Contanta, Faculty of Economic Sciences, Romania)

Abstract

In the present paper we aim to study the relationship between eco-innovation and economic growth at the European Union level, using the eco-innovation index and indices of real GDP per capita growth, and to verify whether progress in eco-innovation is improving the performance of the European economy. Using longitudinal and cross-sectional methods, we have monitored progress in eco-innovation over the last decade for the three country groups: Leaders group, Performers group and Catching group. In the current context, innovation is an important source of growth and development, both at national and regional level. Eco-innovation is the path to sustainability because it combines environmental impact with positive achievements in the economy and society. We conclude that Ecoinnovation optimises economic growth and contributes to achieving sustainable development goals.

Suggested Citation

  • Adina Titei, 2023. "Considerations to Eco-Innovation and Its Relationship with Economic Growth," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 524-528, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:524-528
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    References listed on IDEAS

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    1. Wagner, Marcus, 2008. "Empirical influence of environmental management on innovation: Evidence from Europe," Ecological Economics, Elsevier, vol. 66(2-3), pages 392-402, June.
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    More about this item

    Keywords

    eco-innovation; sustainability; economic growth; eco-innovation index;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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