Przeglądanie według Autor "Sdrolia, Evangelia"

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Green Entrepreneurship & Green Economy as a Way-Out: Insights from the EU
(Wydawnictwo Uniwersytetu Rzeszowskiego, 2012) Sdrolia, Evangelia; Zarotiadis, Grigoris
Global economic crisis, along with domestic structural inefficiencies, weakens growth perspectives for the less developed and/or the financially weaker economies of Europe. On the other hand, relevant literature claims that technological innovations, especially with respect to the ecological aspects of products and processes, could be an effective way-out, both for the countries as well as for businesses. The present paper contributes to this discussion in two ways: first, we provide specific case studies, showing how environmental investments strengthen the competitiveness and the profitability of certain multinationals. Second, we proceed with a panel data analysis of recent intra-EU data, estimating the effect of public, environmental expenditures and investments on exporting activity, in the frame of an econometric model that includes also “gravity”- explanatory variables. We conclude that “green” investments seem to have a positive effect, both, on micro- as well as macrodimension, while expenditures could affect extroversion and competitiveness adversely. Our conclusions support the need for efficient and accurately oriented state interventions.