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Erratum published on 7 April 2016, see Sustainability 2016, 8(4), 339.

Open AccessArticle
Sustainability 2015, 7(12), 16820-16835; doi:10.3390/su71215849

Eco-Innovation for Sustainability: Evidence from 49 Countries in Asia and Europe

1
Department of Forest Sciences, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
2
Department of International Trade and Commerce, Soonchunhyang University, 22 Soonchunhyangro, Shinchang-myeon, Asan-si, Chungcheongnam-do 336-745, Korea
3
Graduate School of Business, Seoul National University, Gwanakro 1, Gwanakgu, Seoul 08826, Korea
4
Department of Forest Sciences & Research Institute for Agriculture and Life Science, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
5
Interdisciplinary Program in Global Environmental Management, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
6
EcoServices Consulting Co., Ltd., 3rd FL, 125 Ogeum-ro, Songpa-gu, Seoul 138-050, Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 11 October 2015 / Revised: 26 November 2015 / Accepted: 14 December 2015 / Published: 21 December 2015
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [732 KB, uploaded 7 April 2016]   |  

Abstract

Following the trend on focusing on a nation’s economic-growth, side effects such as resource exhaustion, environmental pollution, and social injustice have begun to appear. As a solution, eco-innovation has received a great amount of attention from European countries and as a result, many efforts to analyze the development of eco-innovation quantitatively have been made. This study aims to evaluate the validity of an eco-innovation index developed to support the sustainable development goal. For this purpose, four factors of eco-innovation—capacity, supportive environment, activity, and performance—were applied to three categories of the Triple-Bottom-Line (TBL) concept in sustainability to compare the eco-innovation development level of 49 Asia-Europe Meeting countries. Factors for eco-innovation and TBL at the country level were organized in quartile and compared to see strength and weaknesses for each nation. In order to test if eco-innovation factors of a nation adequately reflect its sustainability, we used various comparisons of ANOVA. The results of this study are as follows: First, the one-way ANOVA tests present the scores for capacity, supportive environment, and performance as grouped into four quartiles in the same pattern as their economic, social, and environmental scores. The three-way ANOVA tests showed significance for the economic category. Scores for capacity, supportive environment, activity and performance were significant at a nation’s economic level. Lastly, the MANOVA test revealed that TBL significantly explains four eco-innovation factors. In addition, the eco-innovation performance level of European nations and Asian nations were compared. The possibility that many nations still have room to be competitive in their eco-innovation efforts was identified. Nations with unbalanced eco-innovation growth are urged to implement new strategies to balance their growth. Therefore, this research contributes to extending research on eco-innovation. View Full-Text
Keywords: eco-innovation; sustainability; Triple-Bottom-Line; factors eco-innovation; sustainability; Triple-Bottom-Line; factors
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Jo, J.-H.; Roh, T.W.; Kim, S.; Youn, Y.-C.; Park, M.S.; Han, K.J.; Jang, E.K. Eco-Innovation for Sustainability: Evidence from 49 Countries in Asia and Europe. Sustainability 2015, 7, 16820-16835.

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