Original article Agricultural and Natural Resource Economics • Environmental and Ecological Economics

ECO-INNOVATION AND COMPETITIVE SUSTAINABILITY IN THE EU-27: A CROSS-SECTIONAL BENCHMARK (2024)

Lejla Terzić - Associate Professor, Faculty of Economics in Brčko at the University of East Sarajevo, Bosnia and Herzegovina
Received: 06 Dec 2025
Revised:
Published:
Downloads: 0
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Book 4/2025
JEL Q56 O57 O30 O49 C80
DOI https://doi.org/10.56497/etj2570404

Abstract

The purpose of the study is to benchmark the association between the Eco-Innovation Index and the Competitive Sustainability Index (CSI) across the EU-27 in 2024. The study used official 2024 scores and Spearman rank correlations on a cross-sectional dataset. This 2024 study of the EU-27 found a strong positive correlation between the Eco-Innovation Index and the overall Competitive Sustainability Index (ρ=0.866), indicating that higher eco-innovation performance is associated with greater competitive sustainability, though the strength of the association varied across CSI pillars. The study is limited to descriptive associations but provides crucial data for EU benchmarking and generating hypotheses for multi-year analyses on the relationship between eco-innovation and competitive sustainability.

How to cite this article

Terzić, L. (2025). Eco-Innovation and Competitive Sustainability in the EU-27: A Cross-Sectional Benchmark (2024). Economic Thought Journal, 70 (4), 467-483. https://doi.org/10.56497/etj2570404

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