Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory
The introduction of digitalization and the promotion of eco-innovation, the move towards financial development, and the appearance of alternative financial practices such as crowdfunding as well as the adoption of freer economic systems represent plausible enablers of the sustainable transition and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-01-01
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| Series: | Journal of Innovation & Knowledge |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X23001555 |
| _version_ | 1827312305569792000 |
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| author | Amal Dabbous Karine Aoun Barakat Abbas Tarhini |
| author_facet | Amal Dabbous Karine Aoun Barakat Abbas Tarhini |
| author_sort | Amal Dabbous |
| collection | DOAJ |
| description | The introduction of digitalization and the promotion of eco-innovation, the move towards financial development, and the appearance of alternative financial practices such as crowdfunding as well as the adoption of freer economic systems represent plausible enablers of the sustainable transition and potentially help to increase nations’ sustainable competitiveness. However, knowledge is scarce about their contribution. The present study fills the gap in the sustainability literature by proposing a complexity theory lens to a dataset spanning four years from 2015 to 2018 for 18 countries which captures the possible configurations of the chosen factors that allow countries to achieve two outcomes: sustainability transitions and sustainable competitiveness. The findings show three configurations for each outcome. High levels of digitalization, crowdfunding, and financial development are present in all configurations showing their important contribution to sustainable competitiveness and sustainability transitions. High eco-innovation and economic freedom are present in four out of six solutions, while they are present in negation (low levels) in the remaining two solutions. Overall the results offer insights to policymakers, individuals, and businesses on how to use these findings to understand the complex interactions generating high sustainability transitions and sustainable competitiveness. |
| first_indexed | 2024-03-08T14:24:51Z |
| format | Article |
| id | doaj.art-1fc88dbe18b240a8bca5f24b8881a26a |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-04-24T21:41:14Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-1fc88dbe18b240a8bca5f24b8881a26a2024-03-21T05:37:11ZengElsevierJournal of Innovation & Knowledge2444-569X2024-01-0191100460Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theoryAmal Dabbous0Karine Aoun Barakat1Abbas Tarhini2Saint Joseph University of Beirut, Beirut, LebanonINSEEC Grande Ecole, Paris, FranceLebanese American University, Beirut, Lebanon; Corresponding author at: Information Technology and Operations Management, Lebanese American University, Ras Beirut, P. O. Box 13-5053 Chouran, Beirut, Lebanon.The introduction of digitalization and the promotion of eco-innovation, the move towards financial development, and the appearance of alternative financial practices such as crowdfunding as well as the adoption of freer economic systems represent plausible enablers of the sustainable transition and potentially help to increase nations’ sustainable competitiveness. However, knowledge is scarce about their contribution. The present study fills the gap in the sustainability literature by proposing a complexity theory lens to a dataset spanning four years from 2015 to 2018 for 18 countries which captures the possible configurations of the chosen factors that allow countries to achieve two outcomes: sustainability transitions and sustainable competitiveness. The findings show three configurations for each outcome. High levels of digitalization, crowdfunding, and financial development are present in all configurations showing their important contribution to sustainable competitiveness and sustainability transitions. High eco-innovation and economic freedom are present in four out of six solutions, while they are present in negation (low levels) in the remaining two solutions. Overall the results offer insights to policymakers, individuals, and businesses on how to use these findings to understand the complex interactions generating high sustainability transitions and sustainable competitiveness.http://www.sciencedirect.com/science/article/pii/S2444569X23001555O00Q01Q55G20 |
| spellingShingle | Amal Dabbous Karine Aoun Barakat Abbas Tarhini Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory Journal of Innovation & Knowledge O00 Q01 Q55 G20 |
| title | Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory |
| title_full | Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory |
| title_fullStr | Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory |
| title_full_unstemmed | Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory |
| title_short | Digitalization, crowdfunding, eco-innovation and financial development for sustainability transitions and sustainable competitiveness: Insights from complexity theory |
| title_sort | digitalization crowdfunding eco innovation and financial development for sustainability transitions and sustainable competitiveness insights from complexity theory |
| topic | O00 Q01 Q55 G20 |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X23001555 |
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