Economic development and eco-innovation: an analysis of the non-linear relationship in the eu-27

Nowadays, eco-innovation is considered the engine for a green path. This paper analyses the relationship between the level of economic development and eco-innovations for the EU-27 countries in the period 2013-2022. Results show an S-shaped curve in the relationship between the two variables in the...

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Detalles Bibliográficos
Autores: García García, Claudia, Fernández López, Sara, Torrecillas Bautista, Celia
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/113756
Acceso en línea:https://hdl.handle.net/20.500.14352/113756
Access Level:acceso abierto
Palabra clave:eco-innovation
GDP per capita
EU-27
non-linear relationship
S-shape
Economía internacional
Economía regional
5306.02 Innovación Tecnológica
5307.04 Estudios del desarrollo Económico
Descripción
Sumario:Nowadays, eco-innovation is considered the engine for a green path. This paper analyses the relationship between the level of economic development and eco-innovations for the EU-27 countries in the period 2013-2022. Results show an S-shaped curve in the relationship between the two variables in the EU countries: a lower level of GDP per capita implies that eco-innovation growth is monotonically positive or exponential, however, a higher level of economic development shows eco-innovation stagnates.