IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i19p12335-d927791.html
   My bibliography  Save this article

European Green Deal Impact on Entrepreneurship and Competition: A Free Market Approach

Author

Listed:
  • Ioana Andreea Bogoslov

    (Faculty of Economic Sciences, Lucian Blaga University of Sibiu, 550324 Sibiu, Romania)

  • Anca Elena Lungu

    (Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iași, 700506 Iasi, Romania)

  • Eduard Alexandru Stoica

    (Faculty of Economic Sciences, Lucian Blaga University of Sibiu, 550324 Sibiu, Romania)

  • Mircea Radu Georgescu

    (Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iași, 700506 Iasi, Romania)

Abstract

The European Green Deal (EGD) represents a new and ambitious growth strategy proposed by the European Commission for transforming the EU into a prosperous and resilient society based on competitive economy, efficiency in terms of resource allocation and a green environment. Under these circumstances, the aim of the present research is to highlight the main criticisms of the European Green Deal by taking into consideration the competition and entrepreneurial dimensions of the common market. Methodologically, the research entails a systematic review of the specialty literature and, alongside this, a preliminary bibliometric study on the analysed topic. Therefore, several critical issues on the European Green Deal’s impact on entrepreneurship and competition are highlighted. The research results illustrate that the European Green Deal affects entrepreneurial activity through a prioritization of the environmental dimension, despite the free market. Aiming to achieve the stated goals, the EGD provides the context of governmental interventions and regulations, which will distort entrepreneurship and competitional processes through fiscal policies and other instruments. The lack of clarity, the ambiguous objectives and the overall costs are also weaknesses of the European Green Deal, as highlighted by the present research. Even if it seems impressive on paper, many researchers demonstrated its inefficiency and impossibility. However, the research results are far away from denying the importance of the European Green Deal, considering the long-term perspective.

Suggested Citation

  • Ioana Andreea Bogoslov & Anca Elena Lungu & Eduard Alexandru Stoica & Mircea Radu Georgescu, 2022. "European Green Deal Impact on Entrepreneurship and Competition: A Free Market Approach," Sustainability, MDPI, vol. 14(19), pages 1-15, September.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:19:p:12335-:d:927791
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/19/12335/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/19/12335/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Johan Eklund & Nadine Levratto & Giovanni B. Ramello, 2020. "Entrepreneurship and failure: two sides of the same coin?," Small Business Economics, Springer, vol. 54(2), pages 373-382, February.
    2. Robert Bennett, 2008. "SME Policy Support in Britain since the 1990s: What have We Learnt?," Environment and Planning C, , vol. 26(2), pages 375-397, April.
    3. Richard Fuchs & Calum Brown & Mark Rounsevell, 2020. "Europe’s Green Deal offshores environmental damage to other nations," Nature, Nature, vol. 586(7831), pages 671-673, October.
    4. Mitchell, Matt & Farren, Michael & Gonzalez, Olivia & Horpedahl, Jeremy, 2019. "The Economics of a Targeted Economic Development Subsidy," Annals of Computational Economics, George Mason University, Mercatus Center, November.
    5. Thomas B. Long & Vincent Blok, 2021. "Niche level investment challenges for European Green Deal financing in Europe: lessons from and for the agri-food climate transition," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-9, December.
    6. Steffen Hurka & Yves Steinebach, 2021. "Legal Instrument Choice in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 59(2), pages 278-296, March.
    7. Nils Karlson & Christian Sandström & Karl Wennberg, 2021. "Bureaucrats or Markets in Innovation Policy? – a critique of the entrepreneurial state," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 81-95, March.
    8. Foss,Nicolai J. & Klein,Peter G., 2012. "Organizing Entrepreneurial Judgment," Cambridge Books, Cambridge University Press, number 9780521697262, January.
    9. Trainer, Ted, 2022. "A technical critique of the Green New Deal," Ecological Economics, Elsevier, vol. 195(C).
    10. Lucchese, Matteo & Pianta, Mario, 2020. "Europe’s alternative: a Green Industrial Policy for sustainability and convergence," MPRA Paper 98705, University Library of Munich, Germany.
    11. Andrew Jordan & Rüdiger K. W. Wurzel & Anthony Zito, 2005. "The Rise of ‘New’ Policy Instruments in Comparative Perspective: Has Governance Eclipsed Government?," Political Studies, Political Studies Association, vol. 53(3), pages 477-496, October.
    12. Marzena Smol & Paulina Marcinek & Eugeniusz Koda, 2021. "Drivers and Barriers for a Circular Economy (CE) Implementation in Poland—A Case Study of Raw Materials Recovery Sector," Energies, MDPI, vol. 14(8), pages 1-19, April.
    13. Mitchell, Matt & Riches, Jon & Thorson, Veronica & Philpot, Anne, 2020. "Outlawing Favoritism: The Economics, History, and Law of Anti-Aid Provisions in State Constitutions," Working Papers 10001, George Mason University, Mercatus Center.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Julian VASILEV & Ilko ILIEV, 2024. "Influence Of Personal And Reactive Anxiety On Personality Characteristics, Cognitive Abilities And Performance Of Basketball Actions," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 19(2), pages 263-273, August.
    2. Haoran Ge & Changbiao Zhong & Hanwen Zhang & Dameng Hu, 2022. "The Effect of Environmental Regulation on Marine Economic Transformation under the Decentralized System: Evidence from Coastal Provinces in China," Sustainability, MDPI, vol. 14(24), pages 1-24, December.
    3. Maria Ravani & Konstantinos Georgiou & Stefania Tselempi & Nikolaos Monokrousos & Georgios K. Ntinas, 2023. "Carbon Footprint of Greenhouse Production in EU—How Close Are We to Green Deal Goals?," Sustainability, MDPI, vol. 16(1), pages 1-39, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nicolai J. Foss, 2012. "Linking Ethics and Economic Growth: a Comment on Hunt," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 6(3), September.
    2. Debasish Roy, 2024. "An Exploration in Sustainability and Lifespan of Enterprise: A Cross–Country Empirical Study (2011–2020)," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5307-5328, June.
    3. Loïc Sauce, 2017. "Market process(es) and (un)knowledge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 305-321, September.
    4. Anthony J. Evans, 2016. "The unintended consequences of easy money: How access to finance impedes entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(3), pages 233-252, September.
    5. Joan-Lluis Capelleras & Ignacio Contín-Pilart & Martin Larraza-Kintana, 2011. "Publicly Funded Prestart Support for New Firms: Who Demands it and How it Affects Their Employment Growth," Environment and Planning C, , vol. 29(5), pages 821-847, October.
    6. Peter Grajzl & Stjepan Srhoj & Jaka Cepec & Barbara Mörec, 2024. "A by-product of big government: the attenuating role of public procurement for the effectiveness of grants-based entrepreneurship policy," Small Business Economics, Springer, vol. 62(3), pages 895-916, March.
    7. Danielsson, Erna & Nyhlén, Jon & Olausson, Pär M., 2020. "Strategic planning for power shortages," Energy Policy, Elsevier, vol. 137(C).
    8. Alamir Al-Alawi & Sohail Amjed & Ahmed Mohamed Elbaz & Nasser Alhamar Alkathiri, 2023. "The Anatomy of Entrepreneurial Failure: Antecedents of the Performance Failure Appraisal Inventory and the Role of Social Support," Sustainability, MDPI, vol. 15(9), pages 1-16, May.
    9. William Hongsong Wang & Vicente Moreno-Casas & Jesús Huerta de Soto, 2021. "A Free-Market Environmentalist Transition toward Renewable Energy: The Cases of Germany, Denmark, and the United Kingdom," Energies, MDPI, vol. 14(15), pages 1-27, July.
    10. Irene Bernhard & Elin Wihlborg, 2011. "Trust in Safe Public e-services. Communicating Safety in Policies and Use," ERSA conference papers ersa10p1421, European Regional Science Association.
    11. Andy Gouldson & Rory Sullivan, 2014. "Understanding the Governance of Corporations: An Examination of the Factors Shaping UK Supermarket Strategies on Climate Change," Environment and Planning A, , vol. 46(12), pages 2972-2990, December.
    12. Davide Dell’Unto & Gabriele Dono & Raffaele Cortignani, 2023. "Impacts of Environmental Targets on the Livestock Sector: An Assessment Tool Applied to Italy," Agriculture, MDPI, vol. 13(4), pages 1-15, March.
    13. Teppo Felin & Stuart Kauffman & Roger Koppl & Giuseppe Longo, 2014. "Economic Opportunity and Evolution: Beyond Landscapes and Bounded Rationality," Post-Print hal-01415115, HAL.
    14. Heejung Byun & Joseph Raffiee & Martin Ganco, 2019. "Discontinuities in the Value of Relational Capital: The Effects on Employee Entrepreneurship and Mobility," Organization Science, INFORMS, vol. 30(6), pages 1368-1393, November.
    15. Lindsay C. Stringer & Mark S. Reed & Andrew J. Dougill & Mary K. Seely & Martin Rokitzki, 2007. "Implementing the UNCCD: Participatory challenges," Natural Resources Forum, Blackwell Publishing, vol. 31(3), pages 198-211, August.
    16. Gambardella, Alfonso & Camuffo, Arnaldo & Spina, Chiara, 2020. "Small Changes with Big Impact: Experimental Evidence of a Scientific Approach to the Decision-Making of Entrepreneurial Firms," CEPR Discussion Papers 14909, C.E.P.R. Discussion Papers.
    17. Jeffrey E. Haymond & Whitton A. Rice, 2022. "Lean Startup: A Bridge between Austrian Views of Entrepreneurship," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 37(Winter 20), pages 61-76.
    18. Kalinic, Igor & Brouthers, Keith D., 2022. "Entrepreneurial orientation, export channel selection, and export performance of SMEs," International Business Review, Elsevier, vol. 31(1).
    19. Jeroen Heijden, 2014. "Experimentation in policy design: insights from the building sector," Policy Sciences, Springer;Society of Policy Sciences, vol. 47(3), pages 249-266, September.
    20. Niedziałkowski, Krzysztof & Shkaruba, Anton, 2018. "Governance and legitimacy of the Forest Stewardship Council certification in the national contexts – A comparative study of Belarus and Poland," Forest Policy and Economics, Elsevier, vol. 97(C), pages 180-188.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:19:p:12335-:d:927791. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.