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Influence of Eco-Innovation and Recycling on Raw Material Consumption; Econometric Approach in the Case of the European Union

Author

Listed:
  • Victor Platon

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Florin Marius Pavelescu

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Marius Surugiu

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Simona Frone

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Raluca Mazilescu

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Andreea Constantinescu

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

  • Florina Popa

    (Institute of National Economy, Romanian Academy, 050711 București, Romania)

Abstract

The main objective of this paper is to identify the intensity and the sense of the impact that eco-innovation and recycling exert on raw material consumption in the European Union member-states. The basic hypothesis is that eco-innovation and recycling have a significant influence on raw material consumption. The authors consider that, in the long run, by promoting eco-innovation and recycling, countries will minimize their demand and use of raw materials. In the paper, the material footprint per capita has been considered as an adequate indicator to measure the material consumption induced by economic and social activities. The model used has estimated the influence of eco-innovation and recycling on the material footprint per capita using panel data regression by considering the 27 EU countries, for the 2010–2019 time period. The authors found that the most adequate econometric model is the panel model with fixed effects. The respective econometric model validates the hypothesis that eco-innovation and recycling have significant influence on reducing the material footprint per capita and reveals heterogeneity existing among EU countries. At the same time, the model shows the intensity of influence exerted by each regressor. The eco-innovation and recycling have an important role in decreasing the material footprint per capita and should be in the centre of policies aimed at decoupling the economic growth from the raw material consumption.

Suggested Citation

  • Victor Platon & Florin Marius Pavelescu & Marius Surugiu & Simona Frone & Raluca Mazilescu & Andreea Constantinescu & Florina Popa, 2023. "Influence of Eco-Innovation and Recycling on Raw Material Consumption; Econometric Approach in the Case of the European Union," Sustainability, MDPI, vol. 15(5), pages 1-18, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:3996-:d:1076879
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    References listed on IDEAS

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    1. Tiwari, Rajnish & Fischer, Luise & Kalogerakis, Katharina, 2017. "Frugal innovation in Germany: A qualitative analysis of potential socio-economic impacts," Working Papers 96, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    2. Eglantina Hysa & Alba Kruja & Naqeeb Ur Rehman & Rafael Laurenti, 2020. "Circular Economy Innovation and Environmental Sustainability Impact on Economic Growth: An Integrated Model for Sustainable Development," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    3. Otilia Manta & Eglantina Hysa & Alba Kruja, 2021. "Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic," Sustainability, MDPI, vol. 13(11), pages 1-25, June.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    5. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
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    Cited by:

    1. Ahsan Akbar & Muhammad Usman & Teng Lin, 2024. "Institutional dynamics and corporate innovation: A pathway to sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 2474-2488, June.
    2. Arilla-Llorente, Ramon & Gavurova, Beata & Rigelsky, Martin & Ribeiro-Soriano, Domingo, 2024. "Quantifying the dynamics of relationships between eco-innovations and SDG 8," Energy Economics, Elsevier, vol. 130(C).
    3. Chuandi Fang & Jinhua Cheng & Zhe You & Jiahao Chen & Jing Peng, 2023. "A Detailed Examination of China’s Clean Energy Mineral Consumption: Footprints, Trends, and Drivers," Sustainability, MDPI, vol. 15(23), pages 1-26, November.

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