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Advanced in Market Economy and Industrial Policy

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Sustainable Management".

Deadline for manuscript submissions: closed (10 February 2023) | Viewed by 4462

Special Issue Editors

Dr. Nicola Faccilongo

E-Mail Website
Guest Editor
Department of Economics, University of Foggia, 71121 Foggia, Italy
Interests: circular economy; digital and sustainable transition; industrial policy; innovation governance
Dr. Raffaele Silvestri

E-Mail Website
Guest Editor
Department of Economics, University of Foggia, 71121 Foggia, Italy
Interests: marketing innovation; inter-organizational networks; blockchain technology; agri-food supply chain sustainability
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

We are calling for submissions for a Special Issue that focuses Pon the idea of a new production and industrial paradigm based on sustainability in terms of the choice of materials and the redesign of the supply chains, in order to make them more and more circular in maintaining high quality. The call also concerns innovation in a 4.0 key in sectors that represent a hub for digital and sustainable transition.

Submitted works should focus on rational design based on eco-design principles and the study of impacts along the life cycle of products; experimentation with new materials and processes and the optimization of industrial symbiosis models capable of overcoming the logic of recycling; and the development and application of technological innovations to identify new resources, and to enhance existing ones, including waste. The development of new strategies requires the adoption of enabling technologies, such as industrial biotechnologies, green chemistry, additive manufacturing, and the Internet of Things, which make it possible to completely rethink supply chains in terms of environmental and socio-economic sustainability.

This Special Issue will also consider new technologies and applications to ensure brand recognition, traceability, and enhancement. Submissions may also concern approaches to the development of a supply chain that starts from frontier research and reaches the final products and services, considering other transversal aspects, such as the strengthening of key competences, the transfer of technologies and knowledge, and the ability to integrate technologies into systems and services. Contributions may also discuss the development of technological, logistic and management solutions, scalable from small to large companies.

The orientation of this Special Issue is that of a systemic change, integrating the objective of quality with those of sustainability and circularity, in line with the setting of the "factory of the future" which must pursue long-term sustainable growth, evaluating the effects of its policies on stakeholders, on the economic and social structures of the realities in which it operates, and on the environment.

Dr. Nicola Faccilongo
Dr. Raffaele Silvestri
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • industrial policy
  • circular economy
  • Internet of Things
  • systemic change

Published Papers (3 papers)

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Research

19 pages, 2088 KiB  
Article
Government Reserve of Rare Earths under Total Quota Management: An Interactive Game between Government and Rare-Earth Firms
by Jianyun Chen, Wenxing Zhu and Xianping Luo
Sustainability 2022, 14(22), 14883; https://doi.org/10.3390/su142214883 - 10 Nov 2022
Viewed by 923
Abstract
The total quota control and reserve of rare earths are important means for the sustainable development and utilization of rare-earth resources. Focusing on the government reserve of rare-earth products under stochastic demand, this paper analyses the interactive decisions of the government and the [...] Read more.
The total quota control and reserve of rare earths are important means for the sustainable development and utilization of rare-earth resources. Focusing on the government reserve of rare-earth products under stochastic demand, this paper analyses the interactive decisions of the government and the rare-earth firms from a game-theoretic perspective. The government determines the total quantity, reserve quantity and reserve–release quantity of the rare-earth products to maximize social warfare, while the firm decides the price of rare-earth products to maximize its own profit. The results show that the production cost and the expected net present value (NPV) of the reserve are important factors affecting the government’s decisions. When the expected NPV of the reserve is below a threshold, the government adopts the no-reserve strategy: it determines only a total quota index that maximizes the current-period social welfare but keeps no reserve. When the expected NPV of a reserve is higher than the above threshold but lower than the production cost, the government adopts the low-reserve strategy: it determines a total quota index and a low reserve that are both in increasing in the expected NPV of reserve, and will release the reserve as many as possible if there is a supply shortage. When the expected NPV of a reserve is higher than both the above threshold and the production cost, the government adopts the high-reserve strategy: it sets a total quota index which is sufficiently large to cover the entire market demand, reserves a large amount, and releases part of the reserve to completely fill the demand gap (if any). Full article
(This article belongs to the Special Issue Advanced in Market Economy and Industrial Policy)
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21 pages, 1212 KiB  
Article
Environmental Regulation, Family Involvement and Green Innovation Efficiency—Based on Sew Theory Framework
by Zhiyong Zheng and Yongbin Xu
Sustainability 2022, 14(20), 13258; https://doi.org/10.3390/su142013258 - 15 Oct 2022
Cited by 3 | Viewed by 1401
Abstract
The green innovation of family enterprises under environmental regulation is essentially the balance between emotional benefits and emotional costs, which manifests as the reputation incentive and risk aversion, respectively. The reputation incentive refers to inheriting extended social–emotional wealth, and risk aversion means maintaining [...] Read more.
The green innovation of family enterprises under environmental regulation is essentially the balance between emotional benefits and emotional costs, which manifests as the reputation incentive and risk aversion, respectively. The reputation incentive refers to inheriting extended social–emotional wealth, and risk aversion means maintaining constrained social–emotional wealth. Based on the theoretical framework of social–emotional wealth, this paper selects 3006 family enterprises in China from 2015 to 2020, establishes a panel model of fixed effects, and discusses the impact of environmental regulation on the green innovation efficiency in family enterprises from the perspective of family involvement. The findings indicate that command-based environmental regulation promotes green innovation efficiency in family enterprises, while market-based environmental regulation inhibits the green innovation efficiency of family enterprises. The involvement of family ownership strengthens the positive effect of command-based environmental regulation on green innovation efficiency, while the involvement of family management rights strengthens the negative effect of market-based environmental regulation on green innovation efficiency. Through mechanism analysis, it is found that command-based environmental regulation promotes green innovation efficiency in family enterprises through reputation incentives, while market-based environmental regulation reduces the green innovation efficiency of family enterprises by avoiding risks. Further analysis shows that high-competition and high-pollution industries are more significantly affected by the relationship between them. Therefore, this paper proposes improvements to green innovation efficiency in family enterprises based on the adjustment of four aspects: improving the risk management level, consolidating family control, increasing the shareholding ratio of nonfamily shareholders, and giving full play to the role of reputation incentives to achieve the sustainable development of family enterprises. Furthermore, we strive to contribute to the realization of the dual carbon goals and the United Nations Sustainable Development Goals (SDGs). Full article
(This article belongs to the Special Issue Advanced in Market Economy and Industrial Policy)
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16 pages, 778 KiB  
Article
The Trilogy of the Chinese Apple Futures Market: Price Discovery, Risk-Hedging and Cointegration
by Xiaokang Hou, Shah Fahad, Peipei Zhao, Beibei Yan and Tianjun Liu
Sustainability 2022, 14(19), 12864; https://doi.org/10.3390/su141912864 - 9 Oct 2022
Viewed by 1663
Abstract
The agricultural futures market plays an extremely important role in price discovery, hedging risks, integrating agricultural markets and promoting agricultural economic growth. China is the largest apple producer and consumer in the world. In 2017, Chinese apple futures were listed on the Zhengzhou [...] Read more.
The agricultural futures market plays an extremely important role in price discovery, hedging risks, integrating agricultural markets and promoting agricultural economic growth. China is the largest apple producer and consumer in the world. In 2017, Chinese apple futures were listed on the Zhengzhou Commodity Exchange (CZCE) as the first fruit futures contract globally. This paper aims to study the efficiency of the apple futures market by using the Wild Bootstrapping Variance Ratio model to estimate the price discovery function, the ARIMA-GARCH model to estimate the risk-hedging function, and the ARDL-ECM model to estimate the cointegration relationship of the futures and spot market. Experimental results firstly demonstrate that the apple futures market conforms to the weak-form efficiency, which indicates that it is efficient in price discovery. Secondly, the apple futures market is not of semi-strong efficiency because it generated abnormal profit margins amid China–US trade friction, climate disaster, and COVID-19; in terms of the degree of impact, the COVID-19 pandemic had the greatest impact, followed by the rainstorm disaster and trade friction. Thirdly, the results of this study indicate that the cointegration relationships exist between the futures market and the spot markets of the main producing areas. This paper is not only conducive to sustainable development of the global fresh or fruit futures market, but also has potential and practical importance for China in developing the agricultural futures market, strengthening market risk management and promoting market circulation. Full article
(This article belongs to the Special Issue Advanced in Market Economy and Industrial Policy)
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