Eco-Innovation Performance of Lithuania in the Context of European Environmental Policy: Eco-Innovation Indicators and Efficiency

Bahman Peyravi (), Kęstutis Peleckis and Artūras Jakubavičius
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Bahman Peyravi: Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania
Kęstutis Peleckis: Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania
Artūras Jakubavičius: Faculty of Business Management, Vilnius Gedimino Technical University, Sauletekio al. 11, 10223 Vilnius, Lithuania

Sustainability, 2023, vol. 15, issue 4, 1-18

Abstract: The European Union (EU) has made eco-innovation and green technology a priority as they are essential to the continent’s long-term prosperity. To move towards sustainable economic growth, eco-innovation takes a significant role in the transition process. The aim of the article is to use the eco-innovation indicators as an instrument to measure the eco-innovation performance of Lithuania in the context of the EU Green Deal in order to analyze and assess the components and indicators of the eco-innovation index for Lithuania. Following the aim of the article, a set of research hypotheses will be formulated. The evaluation of eco-innovation indicators in Lithuania relative to EU countries using Eco-IS indicators, determination of eco-innovation efficiency using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method, and identification of necessary eco-innovation policies for sustainable growth are the objectives of this paper. The research results present the positive impact of eco-innovation activities in the EU on Lithuania, and vice versa. Lithuania was affected positively by eco-innovation activities of other EU nations. The outcome of the study indicates its relevance by highlighting Lithuania’s position among the lowest countries in terms of eco-innovation adoption, hence new research pathways for the creation and implementation of policies to solve the current situation are provided.

Keywords: eco-innovation performance; sustainable growth; environmental protection (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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