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Topic Review
Circular Economic
The circular economy (CE) is arising as a novel economic system that is restorative by design. In light of its capability to boost sustainable economic development and to cope with environmental challenges, it has recently attracted increasing attention from academics, practitioners, policymakers, and intergovernmental organizations. 
  • 1.2K
  • 05 Jan 2021
Topic Review
Journal JOI
Journal of Open Innovation: Technology, Market, and Complexity (JOI, ISSN 2199-8531, https://www.mdpi.com/journal/JOItmC) is an international, scientific, peer-reviewed and open access journal on the open innovation, open business model, entrepreneurship, complexity, and evolutionary change in the economy published quarterly online by MDPI as of May 2018, which has been published from 2015 at the Springer Press by the founding Editor In Chief Prof. Dr. JinHyo Joseph Yun. The Society of Open Innovation: Technology, Market, and Complexity (SOI) is affiliated with JOI. JOI is welcoming additional affiliated academic societies which agree the aim of JOI.
  • 1.2K
  • 26 Sep 2021
Topic Review
Geographical Indication
A geographical indication (GI) is a name or sign used on products which corresponds to a specific geographical location or origin (e.g., a town, region, or country). The use of a geographical indication, as an indication of the product's source, acts as a certification that the product possesses certain qualities, is made according to traditional methods, or enjoys a good reputation due to its geographical origin. Appellation d'origine contrôlée ('Appellation of origin') is a sub-type of geographical indication where quality, method, and reputation of a product originate from a strictly defined area specified in its intellectual property right registration.
  • 1.2K
  • 14 Oct 2022
Topic Review
Impact of Digital Finance on Regional Carbon Emissions
China is currently in the process of industrialization, and the excessive consumption of fossil energy results in a significant increase in carbon emissions. With the significant development of information technology and the digital economy, digital finance has gradually become a new model that affects human activities, motivating us to explore the relationship between digital finance and carbon emissions.
  • 1.2K
  • 05 Aug 2022
Topic Review
Population Projections
Population projections serve various actors at sub-national, national, and international levels as a quantitative basis for political and economic decision-making. Often, the users are no experts in statistics or forecasting and therefore lack the methodological and demographic background to completely understand the methods and limitations behind the projections they use for their analyses. Our contribution primarily targets that readership.
  • 1.2K
  • 27 Oct 2020
Topic Review
Experimental Economics
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do. Experimental economics have also expanded to understand institutions and the law (experimental law and economics). A fundamental aspect of the subject is design of experiments. Experiments may be conducted in the field or in laboratory settings, whether of individual or group behavior. Variants of the subject outside such formal confines include natural and quasi-natural experiments.
  • 1.2K
  • 31 Oct 2022
Topic Review
Driving Factors for R&D Intensity
Research and development (R&D) has long been recognized as an important component of sustainable development, with a key role in the combatting of climate change. Moreover, R&D activity is increasingly acknowledged as an important contributing factor to global post-pandemic economic recovery. However, little is known about the determinants of R&D intensity (the share of R&D expenditure in GDP) and countries have repeatedly missed their set targets for this indicator. 
  • 1.2K
  • 19 Apr 2022
Topic Review
Impact of Digital Economy on China’s Service Trade
High-quality development of service trade (HDST) is becoming increasingly important for China’s high-quality development (HD). This builds new development patterns and cultivates new competitive advantages. In the digital economy (DE) era, HDST ushers an important opportunity. The use of DE to promote HDST is the focus of China’s current economic development strategy.
  • 1.2K
  • 25 Aug 2023
Topic Review
Slow City Concept in Cittaslow
The slow city concept is associated with great care for the protection of the natural environment and the use of renewable energy sources.
  • 1.2K
  • 04 Jan 2022
Topic Review
FDI and Institutions in BRIC and CIVETS Countries
Foreign direct investment (FDI) inflows refer to the net capital inflows invested for the acquisition of at least 10% of an enterprise’s voting stock, assuming that this enterprise operates in an economy different than the investor’s country. In recent years, a number of countries with emerging economies have proceeded to use market-oriented strategies, deregulation and reforms in order to attract more foreign investors and attract FDI inflows.
  • 1.2K
  • 28 Mar 2022
Topic Review
Financial Inclusion Drivers
Usage, digitalization, and FinTech emerged as significant drivers of financial inclusion (FI). Drivers of FI, viz., the usage indicator, digitalization, and FinTech, are positively associated with financial inclusion and with the mediation of financial literacy, and they positively influence sustainable growth. Sustainable growth has been measured through customers’ perceptions regarding the success of FI through the achievement of selected SDGs. Further, there is also a positive relation between financial initiatives and sustainable growth.
  • 1.2K
  • 21 Oct 2022
Topic Review
Bibliometric Analysis of Supplier Management
This entry presents the results of a bibliometric analysis of supplier management. We conducted a bibliometric analysis based on 4687 papers on supplier management from 1997 to 2017. Through a comparative analysis of the four stages using Bibexcel and Ucinet6 software, this paper explores the evolution of supplier management from the theme and cluster perspectives. The results show that supplier management research has made breakthroughs in both breadth and depth. Representative research themes, such as “sustainable supply chain”, “corporate social responsibility”, “knowledge management”, etc., have gradually penetrated into the field of supplier management. Research related to “supplier selection” and “supplier relations” have always been of the highest strategic importance, and themes in “supplier relations” cluster such as “trust” and “commitment” have gradually attracted more and more researchers' attention. The “inventory” cluster has also been a research focus, and the structural stability and maturity of the cluster have gradually improved. The “innovation” cluster is a relatively “open” cluster, and its impact on the entire research filed of supplier management has been gradually increasing. More importantly, the “sustainability” cluster is an evolving cluster, research themes related to “sustainability”, such as “green supply chain”, “sustainable supply chain” and “green supplier selection”, will play an increasingly important role in the field of supplier management.
  • 1.2K
  • 29 Oct 2020
Topic Review
Latin American World Model
The Latin American world model (LAWM) Bariloche Model is a mathematical and normative model, which was carried out by the Bariloche Foundation in Argentina between 1972 and 1975. This model set out to provide an alternative to Model III of the MIT – first model supported by the Club of Rome – called The Limits to Growth, which affirmed the existence of physical limits – particularly for the population and the economy – to take into account if wants to avoid a near catastrophic future. The LAWM, on the other hand, offers a roadmap for a desirable and also possible world, where conflicts can be overcome based on the principles of equity, civil participation, and non-consumerism, and where calculations and strategies are established to reach the welfare of every human being on a planetary level. For this, the mathematical modeling of the LAWM starts from the central concept of basic human needs, which is established as a key indicator of its construction. Unlike the MIT model, the LAWM considers that the problems to be solved are not given by physical limits, but mainly by an unfair distribution given by the abuse of power, at an intra- and international level. Both models consider that there will be potentially a universal crisis and that caring for the environment should be a priority. The LAWM was also supported by the Club of Rome, and both models were republished and updated on several occasions.
  • 1.2K
  • 25 Oct 2022
Topic Review
Empirical Assessment of Institutional Convergence in CEECs
Although there is no universally accepted definition of governance, and a conceptual framework for governance statistics is still lacking, for the purpose of this article, i.e., to investigate the convergence of CEE countries as a potential result of the transfer of Western formal institutions to those countries, the latest edition of the Worldwide Governance Indicators (WGI) dataset was used. Based on a long-standing research programme by the World Bank, the Worldwide Governance Indicators (WGI) capture six key dimensions of governance (Voice and Accountability, Political Stability and Lack of Violence, Government Effectiveness, Regulatory Quality, Rule of Law, and Control of Corruption) in the period between 1996 and 2019. Thus, in the following lines, we first analyse the institutional quality in CEECs based on the VoC approach, after which we empirically test the σ- and unconditional β-convergence in selected groups of countries.
  • 1.2K
  • 31 Dec 2021
Topic Review
Information and Communication Technology and CO2 Emissions
The expansion of ICT has led to higher electricity consumption due to the increase in ICT terminal devices, networks, and large-scale data centers, resulting in an increase in power consumption. Data centers, in particular, contain IT hardware, such as computers and data storage devices; various types of network equipment for communication (routers, switches, modems, etc.); and heating and cooling infrastructure. The energy used by data centers is 10–100 times that compared to the amount used by commercial buildings in the same area. According to UNEP and DTU, the amount of electricity consumed by data centers in 2018 corresponded to 1% of the global electricity demand, but it is expected to account for more than 20% of the total electricity demand in 2030. If ICT electricity consumption increases at the current rate, it will have a negative impact on reducing CO2 emissions. In other words, the expansion of ICT equipment supply accompanies the demand for electricity in terms of use, which leads to an increase in CO2 emissions.
  • 1.1K
  • 27 Apr 2022
Topic Review
Business Leadership and Corporate Social Responsibility
The COVID-19 pandemic is without question posing a generation-defining challenge for public health and the global economy. Moreover, the pandemic has revived some old and introduced many new threats that today’s business leaders will have to face in the years to come. Despite the fact that the COVID-19 crisis was a humanitarian tragedy that continues to ravage millions of lives, it can also be viewed as an excellent opportunity to restart sustainable economic development as well as to help our business and economy to shift towards real business corporate social responsibility and ethical decision-making (thanks to the reduction in carbon emissions as a result of reduced economic activity and travel, increasing investments into healthcare and education, or finding the new ways for working and learning, such as remote work and online education).
  • 1.1K
  • 11 Dec 2023
Topic Review
Main Personal Characteristics of Entrepreneurs
An extensive body of literature was produced in recent years with the objective of shedding light on the main determinants of entry into entrepreneurship. Who become an entrepreneur? It is not difficult to observe that entrepreneurs have some differentiation personal characteristics. Our main objective in the current text is to summarize some of these key characteristics.
  • 1.1K
  • 29 Oct 2020
Topic Review
Tourism Industry during Pandemic COVID-19
The tourism industry has always been affected by natural disasters or health crises, but the effects were local and could be combated. The global nature of the COVID-19 crisis has caused a domino effect that has profoundly affected the entire industry at the systemic level. Combating these effects can no longer be done through individual, local measures; a systemic approach is needed to manage the crisis better. There are also positive implications of the COVID-19 crisis on tourism in developed countries that have better addressed the health crisis. Given the traffic restrictions across borders, tourists will choose local facilities that will positively affect national tourism. Less developed countries, which are severely affected by the health crisis and have relied heavily on international tourism, are experiencing a sharp decline in the tourism industry.
  • 1.1K
  • 09 Jul 2021
Topic Review
Circular Economy and Circular Cities
An alternative way to the current way cities develops and operate is provided by the circular economy (CE). The idea of circular economy finds its roots in environmental and ecological economics, industrial ecology and management and corporate sustainability. The circular city represents a relatively new concept, and as a result, assumptions about these types of cities are often incorrect and require further explanations to understand their way of functioning. A framework for a circular economy not only reduces the raw materials used within the system but also brings opportunities for sustainable consumption, waste management and innovation in all fields, as well as human development and increased well-being for everyone. However, the nature of circular systems mandates for the collective effort of governments, businesses and consumers likewise. Therefore, a circular economy should be an integrated part of the cities’ and regions’ development plans for achieving healthy circular ecosystems.
  • 1.1K
  • 02 Aug 2021
Topic Review
Effect of Financial Digital Transformation on Financial Performance
The ability of A-share listed companies to adhere to the digital economy and achieve long-term corporate benefits amidst an uncertain external environment through financial digital transformation remains a crucial concern for entrepreneurs and scholars. Financial digital transformation significantly boosts corporate financial performance for A-share listed companies, and this enhancement is sustainable over time. Information symmetry and operational expenses function as intermediaries in the financial digital transformation process that affects firm financial performance.
  • 1.1K
  • 21 Dec 2023
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