Social and private outcomes of green innovation incentives in European advancing economies

Professor Nebojsa Stojcic, University of Dubrovnik


A question of particular importance in environmental policy is how to deliver eco-innovations with both private and social benefits. The question is even more important in emerging economies where pollution-intensive in- dustries prevail and policies often favour growth over ecological concerns. This paper explores how four public incentives (regulation, taxes, subsidies and procurement of eco-innovations) and two private incentives (demand incentives and reputational concerns) contribute to the creation of private and social benefits from green (eco) innovations in emerging Central European economies. All six types of incentives have positive effects on the introduction of environmental innovations. Firms introduce innovations with benefits for end users only if they are accompanied by private benefits. The combination of regulation, procurement and financial incentives together with private incentives increase the likelihood of the introduction of environmental innovations with social benefits. This paper provides evidence-based recommendations for the management of environmental policies.

About the speaker

Nebojsa Stojcic is associate professor of economics and vice rector at the University of Dubrovnik, Croatia and visiting professor at Staffordshire University, UK. His research interests are economics of innovation and industrial economics with focus on advancing economies. As coordinator, senior expert and researcher he participated in more than 30 projects financed through European and national funds such as H2020, Erasmus, Interreg or Croatian Science Foundation. The results of his work have been published in journals such as Research Policy, European Economic Review, Small Business Economics, Technovation, Regional Studies, Journal of Business Research and many others. Several of his studies were included in European Commission’s quarterly reviews of research and innovation literature.

Venue: via Zoom (please contact us at for the Zoom link)

Date: 07 April 2022

Time: 12:00 - 13:00  CEST