Untapped Aspects of Innovation and Competition within a European Resilient Circular Economy. A Dual Comparative Study

Rocsana Bucea-Manea-Țoniş, Aleksandar Šević, Milena P. Ilić, Radu Bucea-Manea-Țoniş, Nevenka Popović Šević and Larisa Mihoreanu
Additional contact information
Rocsana Bucea-Manea-Țoniş: Doctoral School, National University of Physical Education and Sport, 060057 Bucharest, Romania
Aleksandar Šević: Trinity College Dublin, Trinity Business School, D02 F6N2 Dublin, Ireland
Milena P. Ilić: Faculty of Contemporary Arts Belgrade, University Business Academy in Novi Sad, 11000 Belgrade, Serbia
Radu Bucea-Manea-Țoniş: Faculty of Economic Sciences, Hyperion University, 060057 Bucharest, Romania
Nevenka Popović Šević: Faculty of Contemporary Arts Belgrade, University Business Academy in Novi Sad, 11000 Belgrade, Serbia
Larisa Mihoreanu: Faculty of Administration and Public Management, Bucharest University of Economic Studies, 010374 Bucharest, Romania
Authors registered in the RePEc Author Service: Rocsana Bucea-Manea-Tonis

Sustainability, 2021, vol. 13, issue 15, 1-16

Abstract: The paper aims to develop—based on a particular dual comparative analysis that follows the current European concerns—the concepts of competitiveness and innovation as pillars uprighting companies’ resilience, creating ecoinnovative jobs and social inclusion. In their struggle to meet the Circular Economy principles and Green Deal objectives, the countries chosen for analyses—Romania and Serbia—have started implementing added-value blockchain concepts in their societies to thrive in the resilient European market and build empowered societies. According to the World Economic Forum Global Sources of Competitiveness, skills considered in our study refer to businesses’ versatility and societies’ innovation capability. Based on specific data provided by Eurostat, the results showed a correlation between the ecoinnovation index and R&D personnel by sector and helped design a regression model. Hence, we demonstrate that R&D creativity, once stimulated through innovative teaching, blooms, having positive effects at society and market levels as reflected in the ecoinnovation index. Furthermore, cluster analysis within E.U. innovation helped identify strengths and weaknesses, provided new grounds in applying innovation, and led to further recommendations.

Keywords: circular economy; innovation capability and resilience; business dynamics; ecoinnovation index; R&D personnel by sector (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:15:p:8290-:d:600794

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