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Sustainability 2015, 7(9), 12723-12757; doi:10.3390/su70912723

Evaluating Romanian Eco-Innovation Performances in European Context

1
Department of Statistics and Econometrics, Bucharest University of Economic Studies, 15–17 Dorobanti St., Sector 1, 010552 Bucharest, Romania
2
Department of International Economic Relations, Bucharest University of Economic Studies, 15–17 Dorobanti St., Sector 1, 010552 Bucharest, Romania
3
Petroleum-Gas University, 39 Bucuresti St., 100680 Ploiesti, Romania
*
Author to whom correspondence should be addressed.
Academic Editor: Andrei Jean Vasile
Received: 29 June 2015 / Revised: 31 August 2015 / Accepted: 2 September 2015 / Published: 17 September 2015
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Abstract

The field of eco-innovation is included in the area of sustainable development being closely related with ecological planning. In this context, this paper aims to evaluate Romanian eco-innovation performance during the period 2003–2013 by constructing a composite index and to also identify the main eco-innovation poles at the European level using multidimensional analysis techniques based on the eco-innovation specific indicators for the year 2013. This approach used the methodology of constructing composite indices proposed by Organization for Economic Co-operation and Development (OECD) in 2008. The index measured the eco-innovation dimensions in 27 countries over the period 2003–2013. The empirical analysis revealed the conclusion that in Romania, the eco-innovation level is low compared with other countries, thus Romania cannot emphasize its eco-innovation performance. The empirical results of the study highlighted that eco-innovation represents a phenomenon leading to significant progress in achieving the objective of sustainable development in Romania, and also at the European level, only if the importance of this area is awarded and eco-innovation measures are enforced through adequate policies, leading to economic growth. View Full-Text
Keywords: eco-innovation; sustainable development; statistical indicators; EU countries; principal component analysis; cluster analysis; Romania eco-innovation; sustainable development; statistical indicators; EU countries; principal component analysis; cluster analysis; Romania
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

Davidescu, A.A.; Paul, A.M.V.; Gogonea, R.-M.; Zaharia, M. Evaluating Romanian Eco-Innovation Performances in European Context. Sustainability 2015, 7, 12723-12757.

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