Miljana Talić –Innovation Centre, University of Niš, University Square 2, 18000 Niš, Republic of Serbia
Žarko Rađenović – Innovation Centre, University of Niš, University Square 2, 18000 Niš, Republic of Serbia
Ivana Janjić – Innovation Centre, University of Niš, University Square 2, 18000 Niš, Republic of Serbia
Keywords:
Eco-innovation index;
Environmental impact;
Eco-innovation performance;
Sustainable development
DOI: https://doi.org/10.31410/ERAZ.S.P.2024.77
Abstract: This paper compares the eco-innovation performance of EU member states based on the eco-innovation index. The comparison was made between two periods, 2013-2017 and 2018-2022, taking into account five groups of indicators of the eco-innovation index. The authors used a software solution grounded on neural networks to determine the correlation, relationship structure, and contribution of the indicators for eco-innovation performances. The research paper seeks to provide novel insights into the complex relationships between different variables influencing eco-innovation, thereby enhancing the understanding of sustainable development pathways in the EU. The structure of the neural network showed the importance of certain indicators that contributed the most to the value of the eco-innovation index. The results showed that in the first period, the best overall performance was achieved in the areas of REO and SCO, while in the second period, in addition to REO and SCO, EA also stood out.
10th International Scientific ERAZ Conference – ERAZ 2024 – Selected Papers: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024
ERAZ Selected Papers published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)
ERAZ Conference 2024 Selected Papers: ISBN 978-86-80194-87-5, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.S.P.2024
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Talić, M., Rađenović, Ž., & Janjić, I. (2024). Mapping Eco-Innovation Dynamics in the EU: A Neural Network Approach. In P. Alexandre et al. (Eds.), ERAZ Conference – Knowledge Based Sustainable Development: Vol 10. Selected Papers (pp. 77-86). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.S.P.2024.77