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Evaluating Romanian Eco-Innovation Performances in European Context

Author

Listed:
  • Adriana AnaMaria Davidescu

    (Department of Statistics and Econometrics, Bucharest University of Economic Studies, 15–17 Dorobanti St., Sector 1, 010552 Bucharest, Romania)

  • Andreea Maria Vass Paul

    (Department of International Economic Relations, Bucharest University of Economic Studies, 15–17 Dorobanti St., Sector 1, 010552 Bucharest, Romania)

  • Rodica-Manuela Gogonea

    (Department of Statistics and Econometrics, Bucharest University of Economic Studies, 15–17 Dorobanti St., Sector 1, 010552 Bucharest, Romania)

  • Marian Zaharia

    (Petroleum-Gas University, 39 Bucuresti St., 100680 Ploiesti, Romania)

Abstract

The field of eco-innovation is included in the area of sustainable development being closely related with ecological planning. In this context, this paper aims to evaluate Romanian eco-innovation performance during the period 2003–2013 by constructing a composite index and to also identify the main eco-innovation poles at the European level using multidimensional analysis techniques based on the eco-innovation specific indicators for the year 2013. This approach used the methodology of constructing composite indices proposed by Organization for Economic Co-operation and Development (OECD) in 2008. The index measured the eco-innovation dimensions in 27 countries over the period 2003–2013. The empirical analysis revealed the conclusion that in Romania, the eco-innovation level is low compared with other countries, thus Romania cannot emphasize its eco-innovation performance. The empirical results of the study highlighted that eco-innovation represents a phenomenon leading to significant progress in achieving the objective of sustainable development in Romania, and also at the European level, only if the importance of this area is awarded and eco-innovation measures are enforced through adequate policies, leading to economic growth.

Suggested Citation

  • Adriana AnaMaria Davidescu & Andreea Maria Vass Paul & Rodica-Manuela Gogonea & Marian Zaharia, 2015. "Evaluating Romanian Eco-Innovation Performances in European Context," Sustainability, MDPI, vol. 7(9), pages 1-35, September.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:9:p:12723-12757:d:55943
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    References listed on IDEAS

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    Cited by:

    1. Grigorescu Adriana & Maer Matei Monica Mihaela & Mocanu Cristina & Zamfir Ana-Maria, 2019. "Key drivers and skills need for innovative companies focused on sustainability," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 717-727, May.
    2. Davidescu Adriana Anamaria, 2017. "Measuring the social market economy. A composite index approach for EU countries," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 227-240, July.
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    6. Gogonea Rodica-Manuela, 2015. "Evolutionanalysis Of Eco-Innovation Inromania In The Context Of Sustainability," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 36-41, December.
    7. Loučanová Erika & Olšiaková Miriam, 2019. "Supporting Ecological Innovation as a Factor for Economic Development," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(3), pages 80-91, September.
    8. Păcesilă, Mihaela & Ciocoiu, Carmen Nadia, 2017. "Eco-Innovation and its Determinants: A Review of the Emerging Literature," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2017), Dubrovnik, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Dubrovnik, Croatia, 7-9 September 2017, pages 134-144, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    9. Adriana AnaMaria Davidescu & Simona Andreea Apostu & Andra Madalina Pantilie & Bogdan Florian Amzuica, 2020. "Romania’s South-Muntenia Region, towards Sustainable Regional Development. Implications for Regional Development Strategies," Sustainability, MDPI, vol. 12(14), pages 1-46, July.
    10. Grigorescu Adriana & Zamfir Ana-Maria & Mocanu Cristina, 2020. "Emerging trends and drivers for knowledge-intensive economy," Management & Marketing, Sciendo, vol. 15(2), pages 172-185, June.
    11. Alexandra Cotae & Laura Bacali, 2017. "The influence of national culture on business organizations' commitment to environment sustainability in the European Union," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 14(2), pages 19-29, December.
    12. Mihaela PÃCESILÃ & Carmen Nadia CIOCOIU, 2017. "Systematic Literature Review On Eco-Innovation Determinants," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 9(3), pages 30-44, September.
    13. Marcel Ioan BOLOS & Diana Claudia SABĂU-POPA & Emil SCARLAT & Ioana-Alexandra BRADEA & Camelia DELCEA,, 2016. "A Business Intelligence Instrument for Detection and Mitigation of Risks Related to Projects Financed from Structural Funds," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 50(2), pages 165-178.
    14. Rodica-Manuela Gogonea & Adrian Aurel Baltălungă & Adrian Nedelcu & Daniela Dumitrescu, 2017. "Tourism Pressure at the Regional Level in the Context of Sustainable Development in Romania," Sustainability, MDPI, vol. 9(5), pages 1-24, April.
    15. Ana-Maria Zamfir & Cristina Mocanu & Adriana Grigorescu, 2017. "Circular Economy and Decision Models among European SMEs," Sustainability, MDPI, vol. 9(9), pages 1-15, August.
    16. Sebastian Tocar, 2019. "Culture-specific Investment Attractiveness Index: An Original Composite Indicator," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 203-211.
    17. Elisenda Jové-Llopis & Agustí Segarra-Blasco, 2018. "Eco-Efficiency Actions and Firm Growth in European SMEs," Sustainability, MDPI, vol. 10(1), pages 1-26, January.

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