Abstract Eco-innovation, as a new concept, and green technologies are central to the Europe’s future and at the core of the European Union policies to boost competitiveness, create jobs, and generate sustainable growth for years to come. In this context, eco-innovation is a significant tool that combines decreased environmental impact with a positive socioeconomic impact. This paper highlights the prominent role of eco-innovation and investigates still scarcely explored impact assessment of GDP growth, quality of institutions, and recycling rates on the eco-innovation index in the 28 European Union member states. Specifically, the set of regression analyses that use panel estimation models was undertaken and the system GMM estimator with robust standard errors was used. Econometric analysis indicates that GDP growth rate, quality of institutions, and recycling rate of municipal waste had a statistically significant and positive effect on eco-innovation in the period 2010-2016.

中文翻译：

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欧盟的生态创新与经济增长

摘要作为一个新概念的生态创新和绿色技术对于欧洲的未来至关重要，并且是欧盟在未来数年提高竞争力，创造就业机会并实现可持续增长的政策的核心。在这种情况下，生态创新是将减少的环境影响与积极的社会经济影响相结合的重要工具。本文重点介绍了生态创新的重要作用，并研究了欧盟28个成员国对GDP增长，机构质量和回收率对生态创新指数的影响评估，但仍鲜有研究。具体而言，进行了使用面板估计模型的一组回归分析，并使用了具有鲁棒标准误差的系统GMM估计器。计量经济学分析表明，GDP增长率，机构质量，