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Resource Productivity and Eco-Innovation Convergence in the Service of Sustainability. Evidence from the EU-28

Author

Listed:
  • Nikos Chatzistamoulou

    (AUEB)

  • Phoebe Koundouri

Abstract

The European Green Deal prioritizes green growth through resource efficiency and eco-innovation to achieve the transition in a sustainable and inclusive growth orbit. To monitor progress in such endeavor the EU Resource Efficiency Scoreboard was launched. Focusing on the resource productivity, which is the main sustainability development indicator and policy evaluation tool for Europe and the eco-innovation performance of the EU-28 over a twenty-year period, from 2000 though 2019, we explore convergence patterns and club formation. Descriptive analysis via growth rates of the resource productivity and eco-innovation indicates productivity differentials among the countries giving rise to heterogeneity groups. Econometric results using convergence algorithms advocate in favor of convergence for both variables. However, convergence clubs surface highlighting that there is heterogeneity to consider when designing policies to promote sustainability transition to ensure that no one is left behind serving the priority of inclusive and sustainable growth.

Suggested Citation

  • Nikos Chatzistamoulou & Phoebe Koundouri, 2022. "Resource Productivity and Eco-Innovation Convergence in the Service of Sustainability. Evidence from the EU-28," DEOS Working Papers 2233, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:2233
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    References listed on IDEAS

    as
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    2. Mariam Camarero & Juana Castillo & Andrés Picazo-Tadeo & Cecilio Tamarit, 2013. "Eco-Efficiency and Convergence in OECD Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(1), pages 87-106, May.
    3. Nikos Chatzistamoulou & Phoebe Koundouri, 2022. "Sustainability Transition Through Awareness to Promote Environmental Efficiency," Contributions to Economics, in: M. Kenan Terzioğlu (ed.), Advances in Econometrics, Operational Research, Data Science and Actuarial Studies, pages 345-362, Springer.
    4. Tsekouras, Kostas & Chatzistamoulou, Nikos & Kounetas, Kostas & Broadstock, David C., 2016. "Spillovers, path dependence and the productive performance of European transportation sectors in the presence of technology heterogeneity," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 261-274.
    5. Kerui Du, 2017. "Econometric convergence test and club clustering using Stata," Stata Journal, StataCorp LP, vol. 17(4), pages 882-900, December.
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    Keywords

    Resource Productivity; Eco-Innovation; Sustainability; Convergence; Technological Heterogeneity; European Green Deal;
    All these keywords.

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