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Resource Productivity and Eco-Innovation Convergence in the Service of Sustainability. Evidence from the EU-28

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  • Chatzistamoulou, Nikos
  • Koundouri, Phoebe

Abstract

The European Green Deal prioritizes green growth through resource efficiency and eco-innovation to achieve the transition in a sustainable and inclusive growth orbit. To monitor progress in such endeavor the EU Resource Efficiency Scoreboard was launched. Focusing on the resource productivity, which is the main sustainability development indicator and policy evaluation tool for Europe and the eco-innovation performance of the EU-28 over a twenty-year period, from 2000 though 2019, we explore convergence patterns and club formation. Descriptive analysis via growth rates of the resource productivity and eco-innovation indicates productivity differentials among the countries giving rise to heterogeneity groups. Econometric results using convergence algorithms advocate in favor of convergence for both variables. However, convergence clubs surface highlighting that there is heterogeneity to consider when designing policies to promote sustainability transition to ensure that no one is left behind serving the priority of inclusive and sustainable growth.

Suggested Citation

  • Chatzistamoulou, Nikos & Koundouri, Phoebe, 2022. "Resource Productivity and Eco-Innovation Convergence in the Service of Sustainability. Evidence from the EU-28," MPRA Paper 122104, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122104
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    References listed on IDEAS

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    1. Mariam Camarero & Juana Castillo & Andrés Picazo-Tadeo & Cecilio Tamarit, 2013. "Eco-Efficiency and Convergence in OECD Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(1), pages 87-106, May.
    2. Nikos Chatzistamoulou & Phoebe Koundouri, 2022. "Sustainability Transition Through Awareness to Promote Environmental Efficiency," Contributions to Economics, in: M. Kenan Terzioğlu (ed.), Advances in Econometrics, Operational Research, Data Science and Actuarial Studies, pages 345-362, Springer.
    3. Peter C. B. Phillips & Donggyu Sul, 2007. "Transition Modeling and Econometric Convergence Tests," Econometrica, Econometric Society, vol. 75(6), pages 1771-1855, November.
    4. Kerui Du, 2017. "Econometric convergence test and club clustering using Stata," Stata Journal, StataCorp LP, vol. 17(4), pages 882-900, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Resource Productivity; Eco-Innovation; Sustainability; Convergence; Technological Heterogeneity; European Green Deal;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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