Environmental innovations in the EU: a club convergence analysis of the eco-innovation index and driving factors of the clusters

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Žurnalų straipsniai / Journal articles
Language:
Anglų kalba / English
Title:
Environmental innovations in the EU: a club convergence analysis of the eco-innovation index and driving factors of the clusters
Authors:
In the Journal:
Environmental innovation and societal transitions, 2023, 46, 100698, 1-17
Subject Category:
LT
Ekonominė politika. Globalizacija. Integracija / Economic policy. Globalisation. Integration; Aplinkos politika / Environmental policy.
Summary / Abstract:

ENEco-innovation, which combines innovation and sustainable development, has become an essential instrument to strengthen economic growth and preserve the environment. Considering the eco-innovation index for the EU, we study the convergence of eco-innovation across countries for the period 2012–2021 through the club convergence approach. We evaluate if and to what extent EU countries are converging toward a homogenous eco-innovation dynamic pattern. Our results indicate three clubs of convergence in the overall eco-innovation index, while the number of clusters is higher -four or five- in the five dimensions of the indicator. The analysis of the determinants of clubs in the aggregated index highlights the relevance of GDP per capita and economic openness, while R&D investments, environmental taxation and firm size are non-significant in our study. The results are also discussed within the contexts of convergence of environmental policies and innovation in the EU. Keywords: Eco-innovation; Environmental policies; Club convergence; European union.

DOI:
10.1016/j.eist.2023.100698
ISSN:
2210-4232; 2210-4224
Subject:
Ekonomika / Economics
Permalink:
https://www.lituanistika.lt/content/107598
Updated:
2026-02-25 13:53:38
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