Eco-innovation and its Contribution to Competitiveness

Paraschiv Dorel Mihai () and Cocuti Raluca-Elenav ()
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Paraschiv Dorel Mihai: Department of International Business and Economics Faculty of International Business and Economics The Bucharest University of Economic Studies
Cocuti Raluca-Elenav: Faculty of Business Administration (in Foreign Languages) The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 589-594

Abstract: The aim of this research is to assess Romania’s competitiveness, by analyzing the aggregated Global Competitiveness Index and correlate it with the innovation factor, and particularly with the eco-innovation factor. As it is included in the efficiencydriven stage, Romania needs to implement some regulatory measures addressing the 12th Pillar of Innovation, in order to boost its overall competitiveness and achieve sustainable development. Tackling the ecoinnovation local needs by focusing on SME’s can be an option, as their creativity is enhanced by the lack of extensive internal rules and regulations and their response time is lower, due to a centralized decision making process

Keywords: eco-innovation; sustainable development; competitiveness; Global Competitiveness Index; SME’s (search for similar items in EconPapers)
JEL-codes: Q55 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:589-594

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