Green innovative economy remodeling based on economic complexity
In this article, we propose a model of innovative economy remodeling, which aims to increase economic complexity by developing and investing in the green economy. We create this model for example of a transitional economy, which is the economy of Ukraine. For a comprehensive statistical analysis of...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-09-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123001932 |
| _version_ | 1827584903638679552 |
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| author | Agnieszka Kowalska-Styczeń Myroslava Bublyk Vasyl Lytvyn |
| author_facet | Agnieszka Kowalska-Styczeń Myroslava Bublyk Vasyl Lytvyn |
| author_sort | Agnieszka Kowalska-Styczeń |
| collection | DOAJ |
| description | In this article, we propose a model of innovative economy remodeling, which aims to increase economic complexity by developing and investing in the green economy. We create this model for example of a transitional economy, which is the economy of Ukraine. For a comprehensive statistical analysis of the share of natural and energy resources in individual sectors of the economy, data on intermediate consumer costs from the first quadrant of the Input-Output table (Leontief model) were used for the first time. In this way, the most resource-intensive sectors of the economy and those that require investment in innovative technologies of green business are identified. The following sectors have the highest shares in the consumption of natural and water resources: C – Production; D – Electricity, gas, steam and air conditioning supply; E - Water supply; sewerage, waste management and remediation activities. In these sectors, first of all, implementing modern (knowledge-rich) green technologies should take place, which will reduce the consumption of natural and water resources. The proposed model can serve as a justification for the choice of investment directions in the remodeling of other economies in the transition period. |
| first_indexed | 2024-03-08T23:38:58Z |
| format | Article |
| id | doaj.art-a4c35601db584dafa97dc8d712687843 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-03-08T23:38:58Z |
| publishDate | 2023-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-a4c35601db584dafa97dc8d7126878432023-12-14T05:22:23ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312023-09-0193100091Green innovative economy remodeling based on economic complexityAgnieszka Kowalska-Styczeń0Myroslava Bublyk1Vasyl Lytvyn2Silesian University of Technology, Faculty of Organization and Management, 26-28 Roosevelta street, 41-800 Zabrze, Poland; Corresponding authorManagement and International Business Department, Lviv Polytechnic National University, S. Bandera street 12, Lviv 79013, UkraineInformation Systems and Networks Department, Lviv Polytechnic National University, S. Bandera Street, 12, Lviv 79013, UkraineIn this article, we propose a model of innovative economy remodeling, which aims to increase economic complexity by developing and investing in the green economy. We create this model for example of a transitional economy, which is the economy of Ukraine. For a comprehensive statistical analysis of the share of natural and energy resources in individual sectors of the economy, data on intermediate consumer costs from the first quadrant of the Input-Output table (Leontief model) were used for the first time. In this way, the most resource-intensive sectors of the economy and those that require investment in innovative technologies of green business are identified. The following sectors have the highest shares in the consumption of natural and water resources: C – Production; D – Electricity, gas, steam and air conditioning supply; E - Water supply; sewerage, waste management and remediation activities. In these sectors, first of all, implementing modern (knowledge-rich) green technologies should take place, which will reduce the consumption of natural and water resources. The proposed model can serve as a justification for the choice of investment directions in the remodeling of other economies in the transition period.http://www.sciencedirect.com/science/article/pii/S2199853123001932Innovative RemodelingEconomic ComplexityLeontief modelGreen EconomyEconomic ActivityOpen Innovation |
| spellingShingle | Agnieszka Kowalska-Styczeń Myroslava Bublyk Vasyl Lytvyn Green innovative economy remodeling based on economic complexity Journal of Open Innovation: Technology, Market and Complexity Innovative Remodeling Economic Complexity Leontief model Green Economy Economic Activity Open Innovation |
| title | Green innovative economy remodeling based on economic complexity |
| title_full | Green innovative economy remodeling based on economic complexity |
| title_fullStr | Green innovative economy remodeling based on economic complexity |
| title_full_unstemmed | Green innovative economy remodeling based on economic complexity |
| title_short | Green innovative economy remodeling based on economic complexity |
| title_sort | green innovative economy remodeling based on economic complexity |
| topic | Innovative Remodeling Economic Complexity Leontief model Green Economy Economic Activity Open Innovation |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123001932 |
| work_keys_str_mv | AT agnieszkakowalskastyczen greeninnovativeeconomyremodelingbasedoneconomiccomplexity AT myroslavabublyk greeninnovativeeconomyremodelingbasedoneconomiccomplexity AT vasyllytvyn greeninnovativeeconomyremodelingbasedoneconomiccomplexity |