Considerations to Eco-Innovation and Its Relationship with Economic Growth

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

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 524-528

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.

Keywords: eco-innovation; sustainability; economic growth; eco-innovation index (search for similar items in EconPapers)
JEL-codes: O30 O44 Q01 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:524-528

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