Eco-Innovation for Sustainability: Evidence from 49 Countries in Asia and Europe
- Authors
- Jo, Jang-Hwan; Roh, Tae Woo; Kim, Seonghoon; Youn, Yeo-Chang; Park, Mi Sun; Han, Ki Joo; Jang, Eun Kyung
- Issue Date
- Dec-2015
- Publisher
- MDPI Open Access Publishing
- Keywords
- eco-innovation; sustainability; Triple-Bottom-Line; factors
- Citation
- Sustainability, v.7, no.12, pp 16820 - 16835
- Pages
- 16
- Journal Title
- Sustainability
- Volume
- 7
- Number
- 12
- Start Page
- 16820
- End Page
- 16835
- URI
- https://scholarworks.bwise.kr/sch/handle/2021.sw.sch/10096
- DOI
- 10.3390/su71215849
- ISSN
- 2071-1050
- 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-innovationcapacity, supportive environment, activity, and performancewere 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.
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Collections - College of Global Business > Department of International Trade and Commerce > 1. Journal Articles
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