Sustainable Development through Eco-Innovation at the EU 27 Level

Silviu Bacalum, Florina Oana Virlanuta, Andrei Mihailescu and Marian Mihu
Additional contact information
Silviu Bacalum: Dunarea de Jos University of Galati
Florina Oana Virlanuta: Dunarea de Jos University of Galati
Andrei Mihailescu: Dunarea de Jos University of Galati
Marian Mihu: Dunarea de Jos University of Galati

Economics and Applied Informatics, 2022, issue 3, 196-200

Abstract: Eco-innovation is a significant tool that combines low environmental impact with positive socio-economic impact, and an essential element of the European Union's strategies and policies to boost competitiveness, create jobs and generate sustainable economic growth. The aim of our research is to highlight the role of eco-innovation and to investigate the impact of GDP growth, resource productivity and the increase of recycling rate of municipal waste on the eco-innovation index in the 27 Member States of the European Union. The study is based on a set of regression analyses that use panel data estimation models, a GMM estimator with robust standard errors. The results of our analysis reflect that the GDP, resource productivity and recycling rate of municipal waste had a statistically significant and positive effect on eco-innovation.

Keywords: eco-innovation; sustainable development; regression analyses; European Union (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eia.feaa.ugal.ro/images/eia/2022_3/BacalumVirlanutaMihailescuMihu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2022:i:3:p:196-200

DOI: 10.35219/eai15840409303

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().