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

Open AccessArticle
Sustainability 2015, 7(12), 16820-16835;

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

Department of Forest Sciences, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
Department of International Trade and Commerce, Soonchunhyang University, 22 Soonchunhyangro, Shinchang-myeon, Asan-si, Chungcheongnam-do 336-745, Korea
Graduate School of Business, Seoul National University, Gwanakro 1, Gwanakgu, Seoul 08826, Korea
Department of Forest Sciences & Research Institute for Agriculture and Life Science, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
Interdisciplinary Program in Global Environmental Management, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 08826, Korea
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)
Full-Text   |   PDF [732 KB, uploaded 7 April 2016]   |  


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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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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