The Impact of Eco-Innovation Performance on Economic Growth: Panel Data Analysis on European Union Countries

Year 2023, Volume: 57 Issue: 4, 657 - 670, 27.10.2023

Zehra Binnur Avunduk , Hüseyin İçen

https://doi.org/10.51551/verimlilik.1357187

Cited By: 1

Abstract

Purpose: The search for innovative ways to combat global warming and climate change has gained more importance on the international agenda, especially in the last few years. Eco-innovation, which is considered one of the most important ways in this regard according to the European Union, is a tool that reduces negative environmental impacts and uses resources more efficiently. In this context, the study basically aims to investigate what impact eco-innovation performance has on economic growth.
Methodology: The research sample consisted of European Union countries, and analyses were conducted using secondary data obtained from the Eurostat database. This research measured eco-innovation performance and economic growth using the eco-innovation index and gross domestic product (GDP), respectively. Empirical analysis was carried out using the panel data method.
Findings: According to the research findings, a %1 increase in eco-innovation during the period of 2013-2022 has led to a 0.53% increase in economic growth for EU countries. It can be stated that eco-innovation has had a positive impact on the economic well-being of EU member countries over the past decade.
Originality: The present study is the first of its kind at the country level, aiming to make theoretical and empirical contributions to the literature. It addresses the question of how eco-innovation performance impacts economic growth and provides practical recommendations for managers and policymakers.

Keywords

Eco-innovation, Sustainability, Economic Growth, Panel Data Analysis

Eko-İnovasyon Performansının Ekonomik Büyümeye Etkisi: Avrupa Birliği Ülkeleri Üzerine Panel Veri Analizi

Abstract

Amaç: Küresel ısınma ve iklim değişikliğiyle mücadelede sürdürülebilirliğe yönelik yenilikçi yollar arayışı uluslararası gündemde özellikle son birkaç yıl içerisinde daha fazla önem kazanmıştır. Avrupa Birliği’ne göre bu konuda en önemli yollardan biri olarak addedilen eko-inovasyon, olumsuz çevresel etkilerin azaltılmasını ve kaynakların daha verimli kullanılmasını sağlayan bir araçtır. Bu bağlamda çalışma temel olarak, eko-inovasyon performansının ekonomik büyüme üzerinde nasıl bir etkiye sahip olduğunu araştırmayı amaçlamaktadır.
Yöntem: Araştırmanın örneklemi olarak Avrupa Birliği ülkeleri seçilmiş ve analizler, Eurostat veri tabanından elde edilen ikincil verilerle uygulanmıştır. Bu çalışmada, eko-inovasyon performansı ve ekonomik büyüme, sırasıyla eko-inovasyon endeksi ve gayri safi yurtiçi hasıla (GSYİH) kullanılarak ölçülmüştür. Ampirik analiz panel veri yöntemiyle gerçekleştirilmiştir.
Bulgular: Araştırmanın sonucuna göre AB ülkeleri için 2013-2022 döneminde eko-inovasyondaki %1’lik artış ekonomik büyümeyi %0,53 oranında arttırmıştır. Eko-inovasyonun son 10 yıllık dönemde AB üyesi ülkelerin ekonomik refahında yükselme etkisi yarattığı ifade edilebilir.
Özgünlük: Mevcut çalışma, eko-inovasyon performansının ekonomik büyüme üzerinde nasıl bir etkisi olduğu sorusunu tartışarak literatüre teorik ve ampirik olarak, yönetici ve politika geliştiricilere ise sunduğu önerilerle katkı sağlayan ülke düzeyindeki ilk çalışma olma özelliğine sahiptir.

Keywords

Eko-inovasyon, Sürdürülebilirlik, Ekonomik Büyüme, Panel Veri Analizi

Ethical Statement

Çalışmada ikincil veri kullanıldığından, kullanılan araç ve yöntemlerin Etik Kurul izni gerektirmediği beyan edilmiştir.

Thanks

Araştırma yöntemi konusunda değerli bilgilerini paylaşarak katkı sağlayan kıymetli Hocam Sayın Doç. Dr. Aycan Hepsağ’a teşekkürlerimi sunarım.

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