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

Author

Listed:
  • Małgorzata Stefania Lewandowska
  • Tomasz Golebiowski
  • Malgorzata Roszkiewicz

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.

Suggested Citation

  • Małgorzata Stefania Lewandowska & Tomasz Golebiowski & Malgorzata Roszkiewicz, 2022. "Eco-innovation, International Competitiveness and Economic Performance of European Union Enterprises: Triangle Approach," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 635-645.
    • Handle: RePEc:ers:journl:v:xxv:y:2022:i:1:p:635-645
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    References listed on IDEAS

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    1. Stefan Ambec & Mark A. Cohen & Stewart Elgie & Paul Lanoie, 2013. "The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(1), pages 2-22, January.
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    Cited by:

    1. Lejla TERZIĆ, 2023. "The green and digital transition through innovation, SME competitiveness, and economic resilience: Evidence from the European Union economies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(635), S), pages 43-62, Summer.

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    More about this item

    Keywords

    Eco-innovation; international competitiveness; economic performance; path analysis.;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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