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Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level

Author

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  • Cristian Silviu Banacu

    (Faculty of Management, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

  • Mihail Busu

    (Faculty of Business Administration in Foreign Languages, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

  • Raluca Ignat

    (Faculty of Agrifood and Environmental Economics, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

  • Carmen Lenuta Trica

    (Faculty of Agrifood and Environmental Economics, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania)

Abstract

Based on recent findings of the economic literature on the implications of entrepreneurial innovation for recycling municipal waste, this paper aims to examine the main factors of recycling municipal waste at the European Union (EU) level. In this study, the authors developed a linear regression model to analyze the relationship between business expenditure on research and development (R&D), private investments, gross domestic product (GDP) expenditures on R&D, resource productivity, and environmental taxes on the recycling rate of municipal waste (RRMW). In our analyses, we used data from the Statistical Office of the European Union (EUROSTAT) and five statistical hypotheses were validated through a multiple regression model with panel data using the statistical software EViews 11. The study was conducted in 27 European Union countries between 2010 and 2017. Our results indicate that business expenditure on R&D, private investments, GDP expenditures on R&D, and resource productivity have a direct and significant impact on the RRMW, while environmental taxes have a significant and inverse impact on the RRMW. These findings underline that public policies should be focused on increasing the use of private and public investments on R&D for recycling municipal waste.

Suggested Citation

  • Cristian Silviu Banacu & Mihail Busu & Raluca Ignat & Carmen Lenuta Trica, 2019. "Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level," Sustainability, MDPI, vol. 11(18), pages 1-13, September.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:18:p:5125-:d:268564
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    2. Giron Cima, Elizabeth & Freire da Rocha-Junior, Weimar & Angel Uribe-Opazo, Miguel & Henrique Dalposso, Gustavo, 2023. "An Analysis of the Gross Domestic Product of Municipalities: a Spatial Glance into the State of Paraná-Brazil," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 15(2), June.
    3. Yongbo Sun & Shuang Du & Yixin Ding, 2020. "The Relationship between Slack Resources, Resource Bricolage, and Entrepreneurial Opportunity Identification—Based on Resource Opportunity Perspective," Sustainability, MDPI, vol. 12(3), pages 1-25, February.
    4. Cristian Teodor & Carmen Lenuta Trica & Raluca Ignat & Raluca-Mihaela Dracea, 2020. "Good Practices of Efficient Packaging Waste Management," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(55), pages 937-937, August.
    5. Agyemang Rama & Bekolo Ngoa Celestin & Shuangying Chen & Konan Martin, 2022. "Assessment of Eco-Innovation Drivers within the Informal Sector in Ghana," Sustainability, MDPI, vol. 14(11), pages 1-19, June.
    6. D'Adamo, Idiano & Gastaldi, Massimo & Rosa, Paolo, 2020. "Recycling of end-of-life vehicles: Assessing trends and performances in Europe," Technological Forecasting and Social Change, Elsevier, vol. 152(C).
    7. Mihai Dinu & Simona Roxana Pătărlăgeanu & Radu Petrariu & Marius Constantin & Ana-Mădălina Potcovaru, 2020. "Empowering Sustainable Consumer Behavior in the EU by Consolidating the Roles of Waste Recycling and Energy Productivity," Sustainability, MDPI, vol. 12(23), pages 1-24, November.
    8. Năstase Luiza Loredana, 2023. "Circularity and Municipal Waste in Romania An Evaluation between 2011 and 2021," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1509-1518, July.
    9. Elena C. Prenovitz & Peter K. Hazlett & Chandler S. Reilly, 2023. "Can Markets Improve Recycling Performance? A Cross-Country Regression Analysis and Case Studies," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    10. G. Perkoulidis & A. Malamakis & G. Banias & N. Moussiopoulos, 2022. "Development of a Methodological Framework for the Evaluation of the Material and Energy Recovery Potential of Municipal Solid Waste Management: Implementation in Five Greek Regions," Circular Economy and Sustainability, Springer, vol. 2(1), pages 313-326, March.
    11. Eva Mihaliková & Marcela Taušová & Katarína Čulková, 2022. "Public Expenses and Investment in Environmental Protection and Its Impact on Waste Management," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    12. Ignat Raluca & Chiripuci Bogdan-Cristian & Pătărlăgeanu Simona Roxana & Constantin Marius & Lazăr Valentin, 2022. "Tackling market opportunities for the biomass production in Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 327-335, August.
    13. Idowu Emmanuel OLUBODUN & Yinusa Toyese AGBAJE, 2021. "Environmental Stewardship and Strategy for Business Sustainability: Evidence from Small and Medium Packaged Water Enterprises in Nigeria," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 15-32, June.

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