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Eco-innovation promoting the circular economy in Romania

Author

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  • Simona FRONE

    () (Institute of National Economy, Romanian Academy, Bucharest, Romania)

Abstract

The development of eco-innovation parks in our country may be a key to regional as well as national sustainable development, due to their special features and opportunities for industrial synergy. Implementing a circular and green economy is also a current important challenge to a systemic transformation agenda in the European Union. Therefore, a main objective of this paper is to analyse from the viewpoint of the circular economy principles (closing-the-loop in the resource management) the strategic role of eco innovation parks as a community of manufacturing and service enterprises seeking enhanced environmental and economic performance through collaboration in managing environmental and resource issues including energy, water, and materials. In this respect we analyse both the conceptual and practical importance of eco-innovation for the circular economy and point out the character of the industrial ecosystem, as a regional metabolism in fostering both eco-innovation and industrial synergy of the SMEs and organisations involved. The case studies and conclusions recommend the urge to identify, design and plan industrial ecosystems within an eco-innovation park as an important way promoting circular economy on regional, microeconomic and sectoral scale in Romania.

Suggested Citation

  • 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.
  • Handle: RePEc:ine:journl:v:44:y:2017:i:53:p:155-184
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    Keywords

    sustainable development; circular economy; resource efficiency; eco-innovation park; industrial symbiosis;

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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