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Innovation, Entrepreneurship, and Sustainable Economic Development

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

Deadline for manuscript submissions: 31 October 2025 | Viewed by 2280

Special Issue Editors


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Guest Editor
1. Civil Engineering, Aalto University, 00076 Aalto, Finland
2. Institute of Computer Science, University of Tartu, Tartu, Estonia
Interests: innovation; entrepreneurship; ecosystem; coevolution; temporary forms of organizing; creative and cultural industries; business models
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
1. Finland Futures Research Centre, Turku School of Economics, University of Turku, Åkerlundinkatu 2 A, 4th Floor, 33100 Tampere, Finland
2. Big Data Excellence Centre, Kazimieras Simonavičius University (KSU) Dariaus ir Girėno St. 21, LT-02189 Vilnius, Lithuania
Interests: sustainable development; sustainable development goals; corporate social responsibility; smart specialisation strategy (S3); deal of the European Union; green transition; smart cities; digital transformation; Industry 4.0/5.0; sustainable growth strategies of companies; social system theory; big data analytics; business intelligence; business model; dynamic capabilities; visionary leadership; generative AI; innovation management; eco-innovations; circular economy; waste management in supply chains
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Turku School of Economics, University of Turku, Pohjoisranta 11 A, FI-28101 Pori, Finland
Interests: ecological economics; economic growth; smart specialization; sustainable development; sustainable transition
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue focuses on new research directions in green and sustainable innovation and entrepreneurship. Global environmental problems have worsened exponentially in recent years, and we are required to take better care of nature, on which all our economic activities, lives, and well-being completely depend.

The biodiversity crisis may have led to an exceptional increase in problems, but there are signs that it also offers new kinds of opportunities for innovation and entrepreneurship. Based on a vision of treating Nature as an economic asset or a form of capital, the Dasgupta report calls for putting monetary quantitative tags on environmental benefits, reconfiguring economic success and how it can be indicated, to nurture and grow this form of capital in unforeseen ways (Dasgupta, 2021).

Currently, leading individuals, companies, and governments in many countries are already working to make Dasgupta’s vision a reality. New, exciting, or otherwise interesting services, products and methods. are surfacing. For example, eco-hairdressing, organizing organic food webs, climate-friendliness and sustainability restaurants are services that exhibit the new and emerging dimensions of value for consumers. Business-to-business products in the forest industry are now often more biodegradable than in the past. Upcycling in the fashion industry, for example, is transforming earlier methods of production and marketing in the industry.

Dasgupta’s vision is of valuing nature as an economic asset is not an isolated development. Consider how Nicholas Stern, former chief economist of the World Bank, shifted the focus of the climate debate from an environmental problem to an economic problem (Stern, 2007). Political initiatives such as the European Green Deal (Fetting, 2020) are calling for a scaling up of the innovation and seminal success of green and sustainable innovation and entrepreneurship for increases in and across economic prosperity, social well-being, and biodiversity.

We call for submissions of qualitative and/or quantitative research on various topics in green and sustainable innovation and entrepreneurship, responding to the dire needs put forth in the Stern and Dasgupta reports. Our bias is to favor submissions opening up new research questions and submissions that are novel and interesting for reasons other than focusing merely on strengthening earlier research findings and paradigms. In particular, we are keen to receive submissions that address phenomena traditionally considered “outliers” or “anomalies” from the perspective of research on innovation, entrepreneurship, and sustainable economic development. Theoretically and methodologically, we are agnostic but have backgrounds in, e.g., institutional theory, ethnography, and big data analysis.

References:

Dasgupta, P. (2021). The Economics of Biodiversity: The Dasgupta Review. London: HM Treasury. Web: https://assets.publishing.service.gov.uk/media/602e92b2e90e07660f807b47/The_Economics_of_Biodiversity_The_Dasgupta_Review_Full_Report.pdf.

Fetting, C. (2020). The European Green Deal. ESDN report, 53. Web: https://www.esdn.eu/fileadmin/ESDN_Reports/ESDN_Report_2_2020.pdf.

Stern, N.H. (2007). The Economics of Climate Change: The Stern Review. Cambridge: Cambridge University Press. Web: https://www.osti.gov/etdeweb/biblio/20838308.

Dr. Antti Ainamo
Prof. Dr. Jari Kaivo-oja
Dr. Teemu Haukioja
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

  • sustainable economic development
  • innovation
  • entrepreneurship
  • business model
  • green economy
  • strategy
  • operations
  • systemic innovation
  • ecosystem
  • ecological innovation

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Published Papers (2 papers)

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Research

23 pages, 270 KiB  
Article
Advancing Sustainable Development Through Digital Transformation and Fintech Innovation
by Sonia Sayari, Nidhal Mgadmi, Imed Ben Dhaou, Mohammed Almehdar, Syed Khusro Chishty and Abbassi Rabeh
Sustainability 2025, 17(11), 4924; https://doi.org/10.3390/su17114924 - 27 May 2025
Cited by 1 | Viewed by 581
Abstract
Purpose: Our study investigates the combined effects of financial technologies (fintech) and the digital economy on sustainable development, considering geopolitical risks as a moderating factor. Origin: While sustainable development is a global imperative, the integrated roles of digital transformation and fintech remain insufficiently [...] Read more.
Purpose: Our study investigates the combined effects of financial technologies (fintech) and the digital economy on sustainable development, considering geopolitical risks as a moderating factor. Origin: While sustainable development is a global imperative, the integrated roles of digital transformation and fintech remain insufficiently explored. Our research addresses this gap by analyzing their impacts on socioeconomic advancement and environmental sustainability across diverse contexts. Methodology: Employing panel data from 30 developed and developing countries between 1990 and 2023, we assess sustainable development using the Environmental Performance Index (EPI) and the Human Development Index (HDI). Independent variables include proxies for the digital economy (e.g., internet usage, mobile subscriptions, and high-tech exports) and fintech (e.g., digital payments, digital currency, and peer-to-peer lending). The Geopolitical Risk Index (GPRI) is used to evaluate the effect of political instability. We apply generalized least squares (GLS) and fixed-effects estimation (within) to ensure robustness. Findings: Our results indicate that digital transformation and fintech significantly foster socioeconomic development and environmental performance, even amidst geopolitical instability. Key variables such as digital payments and internet access show substantial positive impacts, providing valuable insights for policymakers aiming to enhance resilience and sustainability. Contributions: Our article offers a comprehensive evaluation of how the digital economy and fintech jointly influence sustainable development under geopolitical risks, providing a nuanced understanding for policymakers and researchers. Full article
(This article belongs to the Special Issue Innovation, Entrepreneurship, and Sustainable Economic Development)
19 pages, 788 KiB  
Article
Is the Technology-Oriented Kuznets Curve Hypothesis Valid in Türkiye? An Assessment in the Context of SDG-10
by Murat Akça, Ömer Uğur Bulut, Samet Topal, Önder Balcı, Deniz Özyakışır and Serhat Çamkaya
Sustainability 2025, 17(10), 4590; https://doi.org/10.3390/su17104590 - 17 May 2025
Viewed by 442
Abstract
Technological advancements around the world have generated important discussions about their impact on income distribution, the type of economic growth, and social welfare. These improvements are critical for both economic development and social inequality in developing countries such as Türkiye. The paper examines [...] Read more.
Technological advancements around the world have generated important discussions about their impact on income distribution, the type of economic growth, and social welfare. These improvements are critical for both economic development and social inequality in developing countries such as Türkiye. The paper examines the long-run impact of technological innovation on income inequality (IEQ) in Türkiye by testing the Technological Kuznets Curve (TKC) hypothesis. The model uses data from 1990 to 2021 and represents IEQ by the Gini coefficient, technological innovation by patent applications, along with public expenditures used as control variables. The findings of the Fourier ADL cointegration test support the validity of the TKC hypothesis for Türkiye. This suggests that technological innovation increases inequality until the critical turning point in 2008, when the threshold number of 2015 patent applications was exceeded. Using Fourier FMOLS, DOLS, and CCR methods for robustness checks, the main results show public expenditures as a significant factor stabilizing long-term income dynamics. These results imply that growth strategies in the area of technology development should not merely favor innovation but also include measures to increase social welfare in Türkiye. This requires not just the stabilizing role of public spending, but technological growth supported by investment in education, skills, and social welfare. Full article
(This article belongs to the Special Issue Innovation, Entrepreneurship, and Sustainable Economic Development)
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