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Untapped Aspects of Innovation and Competition within a European Resilient Circular Economy. A Dual Comparative Study

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  • Rocsana Bucea-Manea-Țoniş

    (Doctoral School, National University of Physical Education and Sport, 060057 Bucharest, Romania)

  • Aleksandar Šević

    (Trinity College Dublin, Trinity Business School, D02 F6N2 Dublin, Ireland)

  • Milena P. Ilić

    (Faculty of Contemporary Arts Belgrade, University Business Academy in Novi Sad, 11000 Belgrade, Serbia)

  • Radu Bucea-Manea-Țoniş

    (Faculty of Economic Sciences, Hyperion University, 060057 Bucharest, Romania)

  • Nevenka Popović Šević

    (Faculty of Contemporary Arts Belgrade, University Business Academy in Novi Sad, 11000 Belgrade, Serbia)

  • Larisa Mihoreanu

    (Faculty of Administration and Public Management, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

Abstract

The paper aims to develop—based on a particular dual comparative analysis that follows the current European concerns—the concepts of competitiveness and innovation as pillars uprighting companies’ resilience, creating ecoinnovative jobs and social inclusion. In their struggle to meet the Circular Economy principles and Green Deal objectives, the countries chosen for analyses—Romania and Serbia—have started implementing added-value blockchain concepts in their societies to thrive in the resilient European market and build empowered societies. According to the World Economic Forum Global Sources of Competitiveness, skills considered in our study refer to businesses’ versatility and societies’ innovation capability. Based on specific data provided by Eurostat, the results showed a correlation between the ecoinnovation index and R&D personnel by sector and helped design a regression model. Hence, we demonstrate that R&D creativity, once stimulated through innovative teaching, blooms, having positive effects at society and market levels as reflected in the ecoinnovation index. Furthermore, cluster analysis within E.U. innovation helped identify strengths and weaknesses, provided new grounds in applying innovation, and led to further recommendations.

Suggested Citation

  • Rocsana Bucea-Manea-Țoniş & Aleksandar Šević & Milena P. Ilić & Radu Bucea-Manea-Țoniş & Nevenka Popović Šević & Larisa Mihoreanu, 2021. "Untapped Aspects of Innovation and Competition within a European Resilient Circular Economy. A Dual Comparative Study," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:15:p:8290-:d:600794
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    References listed on IDEAS

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    2. Silviu BACALUM & Florina Oana VIRLANUTA & Andrei MIHAILESCU & Marian MIHU, 2022. "Sustainable Development through Eco-Innovation at the EU 27 Level," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 196-200.
    3. Laura Urdes & Violeta-Elena Simion & Laurentiu-Gabriel Talaghir & Veronica Mindrescu, 2022. "An Integrative Approach to Healthy Social-Ecological System to Support Increased Resilience of Resource Management in Food-Producing Systems," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
    4. Radu Bucea-Manea-Tonis & Valentin Kuleto & Šemsudin A. Plojović & Adrian Beteringhe & Milena P. Ilić, 2022. "Securing Big Data for Knowledge Management into a Circular Economy," Sustainability, MDPI, vol. 14(22), pages 1-11, November.
    5. Abderahman Rejeb & Karim Rejeb & John G. Keogh & Suhaiza Zailani, 2022. "Barriers to Blockchain Adoption in the Circular Economy: A Fuzzy Delphi and Best-Worst Approach," Sustainability, MDPI, vol. 14(6), pages 1-23, March.
    6. Luiz C. Terra dos Santos & Adrielle Frimaio & Biagio F. Giannetti & Feni Agostinho & Gengyuan Liu & Cecilia M. V. B. Almeida, 2023. "Integrating Environmental, Social, and Economic Dimensions to Monitor Sustainability in the G20 Countries," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    7. Costin Lianu & Irina Gabriela Radulescu & Simona Corina Dobre Gudei & Cosmin Lianu & Veronica Mindrescu, 2022. "Cohesion Forces Determinants in Cluster Development: A Study Case for Romania," Sustainability, MDPI, vol. 14(6), pages 1-12, March.
    8. Florin Mihai & Ofelia Ema Aleca & Emilia Gogu & Cosmin Dobrin & Mirela Gheorghe, 2021. "The Challenges of the Green Economy in Romania. Scientific Literature Review," Sustainability, MDPI, vol. 13(23), pages 1-22, November.

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