Emerging Economies and Sustainable Growth (2nd Edition)

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 31 December 2024 | Viewed by 4594

Special Issue Editor


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Guest Editor
Laboratory of Operations Research, Department of Economics, University of Thessaly, 28hs Octovriou 78, 383 33 Volos, Greece
Interests: applied statistics and econometrics; simulations of economic modelling; environmental economics; applied micro-economic with emphasis in welfare economics; air pollution; game theory; mathematical models (non-linear programming)
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Special Issue Information

Dear Colleagues,

The current multi-crisis presents a variety of risks as well as opportunities for sustainable growth pathways in emerging economies. In recent decades, newly industrialized countries have seen significant profitable performance, and their markets have outpaced those of their developed counterparts. These emerging market economies are devoted to the challenges of global markets, gaining momentum in terms of robust economic growth, income per capita, foreign direct investment, and trade openness. Notably, emerging market economies such as Brazil, Russia, India, China, and South Africa (BRICS) have presented appealing financial opportunities and greater returns for stakeholders due to their extravagantly rapid growth.

Nevertheless, citizens have begun stressing social and environmental issues alongside economic performance; therefore, factors that need to be included in growth policymaking are, inter alia, sustainable production and consumption, resilience against climate change, and clean energy developments via the transition towards renewable energy sources. The interconnectedness between emerging economy growth and the Sustainable Development Goals has become an alarming research issue. Some relevant research strands are as follows:

  • Multi-crisis and sustainable development;
  • Policymaking for climate change and insights of the Conference of the Parties (COP);
  • The Sustainable Development Goals (SDGs) in emerging economies;
  • Quality education in developing countries;
  • Eco-efficiency and productivity in the Global South;
  • Circular economy transition;
  • Climate change challenges;
  • Management of environmental disasters;
  • Health economics and SDGs;
  • Renewable energy sources vs non-renewable energy sources;
  • Business performance and SDGs;
  • Environmental, social, and corporate governance (ESG) in emerging economies;
  • Linkages between SDGs and the ESG framework.

Dr. George Halkos
Guest Editor

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Keywords

  • emerging economies
  • sustainable growth
  • cryptocurrencies
  • blockchain
  • sustainability
  • financial markets
  • energy
  • innovation
  • sustainable development goals

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Published Papers (3 papers)

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Research

12 pages, 307 KiB  
Article
The Contribution of Green, Blue, and Energy Sources to Economic Development in Central Asia
by Massimiliano Caporin, Bekhzod Kuziboev, Ergash Ibadullaev, Elbek Khodjaniyazov, Peter Marty and Olimjon Saidmamatov
Economies 2024, 12(9), 251; https://doi.org/10.3390/economies12090251 - 17 Sep 2024
Viewed by 1554
Abstract
Central Asia (CA) is a young integrated region formed after the collapse of the Soviet Union, with most of its infrastructure based on fossil fuels. The traditional energy and water infrastructure is facing huge inefficiency and technical losses. This study investigates the transition [...] Read more.
Central Asia (CA) is a young integrated region formed after the collapse of the Soviet Union, with most of its infrastructure based on fossil fuels. The traditional energy and water infrastructure is facing huge inefficiency and technical losses. This study investigates the transition of the green, blue, and energy economies in Central Asia using a small-dimensional panel dataset on five countries, Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan, over the period 1995–2018. The authors analyze the impact of ecological footprint, water withdrawal, and energy consumption on gross domestic product. In applying the Panel Vector Error Correction Model, evidence was found supporting the long-running association between variables. Furthermore, the adjustment coefficients suggest that only GDP growth will adjust toward equilibrium. Overall, the findings suggest a more effective role of green transition compared to blue and energy transitions. Full article
(This article belongs to the Special Issue Emerging Economies and Sustainable Growth (2nd Edition))
18 pages, 736 KiB  
Article
Sustainable Development of Small Business in Kazakhstan
by Venera Zarubina, Mikhail Zarubin, Zhaukhar Yessenkulova, Tursyngul Gumarova, Almira Daulbayeva, Zhuldyz Meimankulova and Aizhan Kurmangalieva
Economies 2024, 12(9), 247; https://doi.org/10.3390/economies12090247 - 14 Sep 2024
Viewed by 1212
Abstract
The small business sector in Kazakhstan demonstrates dynamic growth, but its sustainable development in modern conditions requires activation from government agencies, society and entrepreneurs themselves. The purpose of the article was to study the development of small entrepreneurship in Kazakhstan and develop a [...] Read more.
The small business sector in Kazakhstan demonstrates dynamic growth, but its sustainable development in modern conditions requires activation from government agencies, society and entrepreneurs themselves. The purpose of the article was to study the development of small entrepreneurship in Kazakhstan and develop a mechanism for sustainable development based on network interaction “business entities–society–state” with the identification of priority areas of development based on a rating approach. The methods of bibliographic analysis of scientific literature, statistical, correlation analysis, survey, comparative analysis and ranking based on data normalization were used. The results revealed the need to formalize indicators of sustainable development of the small business sector in strategic development programs; create conditions, support, explain the importance and prospects of investing in sustainable innovations by small businesses and form a balanced strategy for achieving carbon neutrality based on network interaction “business entities–society–state” with the identification of priority areas of development based on a rating approach to ensure transparency and publicity of decisions made. Conclusions were made about the need to popularize sustainable development among business entities, stimulate investment activity through government participation, enact legislative regulation of public presentation of non-financial reporting, and assist society in the formation of an ESG culture. Full article
(This article belongs to the Special Issue Emerging Economies and Sustainable Growth (2nd Edition))
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19 pages, 632 KiB  
Article
Emerging Economies: An Investigation of National Culture and Sustainable Development
by Afriyadi Cahyadi, Agung Putra Raneo, Taufiq Marwa, Mohamad Adam and Katalin Szabó
Economies 2024, 12(9), 226; https://doi.org/10.3390/economies12090226 - 26 Aug 2024
Viewed by 1116
Abstract
The current study highlights the significance of national culture in advocating sustainable development, aligning with the goals outlined in the 2030 Agenda. It draws upon theories from various perspectives, including Classical Marxism, System Justification, Weber and the Ethic of Protestantism, and Postmaterialism. By [...] Read more.
The current study highlights the significance of national culture in advocating sustainable development, aligning with the goals outlined in the 2030 Agenda. It draws upon theories from various perspectives, including Classical Marxism, System Justification, Weber and the Ethic of Protestantism, and Postmaterialism. By examining the relationship between national culture and sustainable development, particularly in emerging economies, it addresses a gap in existing discourse. Using data from The Culture Factor Group website and the Global Sustainable Competitiveness Index provided by Solability in 2023, this study investigates how six of Hofstede’s cultural dimensions relate to the sustainable competitiveness of emerging economies. The findings, based on a sample of 21 emerging economies sourced from diverse online platforms, indicate a significant relationship between national culture and sustainable development, particularly in terms of sustainable competitiveness. This study underscores the importance of recognizing culture as a key factor in achieving sustainable development goals, supporting its inclusion as a fundamental aspect in shaping policies and strategies aimed at fostering sustainable development in emerging economies. Full article
(This article belongs to the Special Issue Emerging Economies and Sustainable Growth (2nd Edition))
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