Eco-innovation, International Competitiveness and Economic Performance of European Union Enterprises: Triangle Approach

Małgorzata Stefania Lewandowska, Tomasz Golebiowski and Malgorzata Roszkiewicz

European Research Studies Journal, 2022, vol. XXV, issue 1, 635-645

Abstract: Purpose: The paper examines the links between eco-innovation, economic performance and international competitiveness of European Union enterprises. Design/Methodology/Approach: It presents a comparative cross-country analysis based on the data of representative sample of enterprises from European Union members states from 2012-2014 Community Innovation Survey. The empirical results are based on the Path Analysis. Findings: The results show that the eco-innovation plays an important role in increasing international competitiveness of firms, and has a positive impact on its intellectual property. However, the link between eco-innovation and firms’ economic growth is not revealed. Practical implications: Governments' efforts should be directed not only at changing the current eco-regulations, and eco-policies, but also at respective transforming the institutional environment, promoting green education, and shaping citizens' as well as businesses' commitment to sustainable objectives. Originality value: The research points out on the positive link between international competitiveness and firms economic performance. More importantly, we find also evidence that international competitiveness act as a mediating variable between the introduction of eco-innovation and firms economic performance, which is still underdeveloped in the economic literature.

Keywords: Eco-innovation; international competitiveness; economic performance; path analysis. (search for similar items in EconPapers)
JEL-codes: C38 M21 O32 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxv:y:2022:i:1:p:635-645

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