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Special Issue "Trends in Emerging Markets, Globalization, Economic Development, Entrepreneurship and Management Strategies as a Result of Cross-Border Cooperation"

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 30 April 2023 | Viewed by 28094

Special Issue Editors

Prof. Dr. Rui Alexandre Castanho
E-Mail Website
Guest Editor
Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland
Interests: agricultural engineering and land management; cross-border cooperation (CBC); environmental impact assessment; international cooperation; landscape architecture; regional planning; spatial planning and territorial governance; strategic and common planning; sustainable tourism; urban and city planning
Special Issues, Collections and Topics in MDPI journals
Prof. Dr. Daniel Francois Meyer
E-Mail Website
Guest Editor
College of Business and Economics, University of Johannesburg, Johannesburg 2006, South Africa
Interests: development economics; sustainable development; econometric models; regional development
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

As globalization advances, trends and shifts in society can be seen influencing several economic and socioeconomic aspects. As cross-border cooperation has been increasing across various regions, this leads to a variety of changes in markets, both established and emerging, trading methods, and management aspects. As a result of this, it is important to study the changes, either negative or positive, on an economic and social level emanating from this phenomenon. The interrelationship between international environments, transactions, and cooperation projects can trigger a long-lasting process of transforming economic and socioeconomic conditions, leading to more enabling and sustainable cities, societies, and regions. The results from new and stronger business networks and cluster environments created through cooperation projects, strategies, synergies, and transactions are already reshaping the socioeconomic European panorama.

Contextually, the present Special Issue (SI) expects to cross and analyze the dynamics and patterns ongoing in this international environments—bearing in mind the sustainability principles and the related issues that may influence it. Thus, the international environments and their relationship with emerging markets, not only in Europe but all over the globe, as well as the rising phenomenon of economic development and entrepreneurship, are just some examples of the issues that will be expected to be discussed within this SI.

Thus, the editors encourage the submission of works related to the topics of international relationships, international business, international trade, economic development, cross-border cooperation, common planning, emerging markets, entrepreneurship, sustainable planning, territorial governance, and management, among many others that could relate to the main scope of the SI and consequently provide new and enriched literature regarding the importance of cross-border cooperation.

References:

Castanho, R.A.; Loures, L.; Cabezas, J.; Fernández-Pozo, L. Cross-Border Cooperation (CBC) in Southern Europe—An Iberian Case Study. The Eurocity Elvas-Badajoz. Sustainability 2017, 9, 360. doi: 10.3390/su9030360.

Kurowska-Pysz, J.; Castanho, R.A.; Loures, L. Sustainable Planning of Cross-Border Cooperation: A Strategy for Alliances in Border Cities. Sustainability 2018, 10, 1416. doi: 10.3390/su10051416.

Kurowska-Pysz, J.; Szczepańska-Woszczyna, K. The Analysis of the Determinants of Sustainable Cross-Border Cooperation and Recommendations on Its Harmonization. Sustainability 2017, 9, 2226. doi: 10.3390/su9122226.

Meyer, D.F, de Bruyn, C & Meyer, N. 2017. The importance of tourism in regional economic development: A time-series analysis. Journal of Environmental Management and Tourism, Volume VIII, Issue 4(20):784-797.

Meyer, D.F. & Meyer, N. 2016. The relationship between the creation of an enabling environment and economic development: A comparative analysis of management at local government sphere. Polish Journal of Management Studies, Vol 14(2):150-160.

Meyer, D.F. & Meyer, N. 2019. Assessment of Inclusive Growth performance: A comparative analysis of the BRICS countries. Acta Universitatis Danubius. Œconomica, 15(4): 191-207.

Meyer, D.F., Meyer, N. & Neethling, J.R. 2016. Perceptions of business owners on service delivery and the creation of an enabling environment. Administratio Publica, Vol 24(3), 52-73.

Meyer, N. & Meyer, D.F. 2016. The Creation of an Enabling Environment for small businesses to prosper by Local Government through Service Delivery and Management. Paper presented at the 6th International Scientific Conference of Management in High Tatras, Slovakia on 29 September 2016 to 2 October 2016. p. 123-129.

Meyer, N. & Meyer, D.F. 2017. An econometric analysis of entrepreneurial activity, economic growth and employment: The case of the BRICS countries. International Journal of Economic Perspectives, Vol 11(2):429-441.

Meyer, N. 2018. Local government and the creation of an enabling environment: Perceptions of female entrepreneurs. Paper presented at the 7th International Scientific Conference of Management in High Tatras, Slovakia on 26 September 2018 to 29 September 2018. p. 835-841.

Paunović, I.; Jovanović, V. Implementation of Sustainable Tourism in the German Alps: A Case Study. Sustainability 2017, 9, 226. doi: 10.3390/su9020226.

Schenone, C.; Marrè Brunenghi, M.; Pittaluga, I.; Hajar, A.; Kamali, W.; Montaresi, F.; Rasheed, M.; Wahab, A.A.; El Moghrabi, Y.; Manasrah, R.; Merhaby, D.; Montani, L. Managing European Cross Border Cooperation Projects on Sustainability: A Focus on MESP Project. Sustainability 2017, 9, 112. doi: 10.3390/su9010112.

Schipper, R.P.J.R.; Silvius, A.J.G. Characteristics of Smart Sustainable City Development: Implications for Project Management. Smart Cities 2018, 1, 75-97. doi: 10.3390/smartcities1010005.

Wróblewski, Ł.; Dziadzia, B.; Dacko-Pikiewicz, Z. Sustainable Management of the Offer of Cultural Institutions in the Cross-Border Market for Cultural Services—Barriers and Conditions. Sustainability 2018, 10, 3253. doi: 10.3390/su10093253.

Dr. Rui Alexandre Castanho
Prof. Daniel Francois Meyer
Guest Editors

Manuscript Submission Information

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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 2200 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

  • cross-border cooperation
  • economic development, emerging markets
  • entrepreneurship
  • common planning
  • international relationships
  • international trade, sustainable planning
  • enabling environment, territorial governance and management

Published Papers (18 papers)

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Research

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Article
Comfortable but Not Brilliant: Exploring the Incubation Experience of Founders of Technology-Based Startups
Sustainability 2022, 14(23), 15864; https://doi.org/10.3390/su142315864 - 29 Nov 2022
Viewed by 529
Abstract
Business incubators have been highlighted as vital contributors and value-creation organizations to entrepreneurs during their venture developments by offering them multiple resources and specialized support. Notwithstanding, several authors call attention to the significant literature gap concerning research focusing on entrepreneurs’ daily lived incubation [...] Read more.
Business incubators have been highlighted as vital contributors and value-creation organizations to entrepreneurs during their venture developments by offering them multiple resources and specialized support. Notwithstanding, several authors call attention to the significant literature gap concerning research focusing on entrepreneurs’ daily lived incubation experiences to understand their perspectives on incubators. This study aims to explore which aspects are perceived as creating value or limiting the venture development of 16 founders of technology-based startups by interviewing them. Ultimately, it contributes valuable insights about incubation factors that enhance or hinder their overall incubation experience. It suggests that entrepreneurs consider intangible resources and social and relational aspects as the most enriching dimensions of their incubation experiences and concludes with the services they consider to be more important. Moreover, it also reveals negative aspects of the incubation experience, mostly related to the nonregular periodicity of mentoring sessions, training events provided by external entities, and issues while using services provided by external incubators’ partners. Several recommendations for enhancing the incubation experience, managerial implications, and opportunities for further research are discussed. Full article
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Article
Determination of Critical Factors for Success in Business Incubators and Startups in East Java
Sustainability 2022, 14(21), 14243; https://doi.org/10.3390/su142114243 - 31 Oct 2022
Cited by 1 | Viewed by 737
Abstract
The reference to the success factors of incubators and startups in running their business so far has been ambiguous. The purpose of this study is to analyze the critical factors that can affect the success of incubators and startups. The quantitative research method [...] Read more.
The reference to the success factors of incubators and startups in running their business so far has been ambiguous. The purpose of this study is to analyze the critical factors that can affect the success of incubators and startups. The quantitative research method describes the research results. The study locus is in East Java Province, Indonesia with primary data from respondents in five regions: Banyuwangi, Jember, Madiun, Malang, and Surabaya. The number of respondents was 41 from incubators and 59 from startups with identification of domicile, type of business, and business turnover. Data was collected using surveys and interviews with 100 respondents. The analysis in this study uses eleven factors that are assumed to be factors of business success that have been tested with Kaiser Meyer Olkin Measure (KMO), Measure of Sampling Adequacy (MSA), Bartlett’s test, and Cronbach Alpha. The critical point used for the KMO value is between 0.5 and 1, the MSA test critical point is 0.5, Bartlett’s test is less than the significance level (α = 0.05), and α cronbach ≥ 0.60. The analyzed factors are as follows: synergy products; processes; innovation management; communication; culture; experience; information technology; innovation skills; functional skills; and implementation skills. As a result, incubators and startups agree on eleven critical factors to building their business success, but there are differences in the priority scale between incubators and startups on these eleven factors. Full article
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Article
Dynamic Co-Movements among Oil Prices and Financial Assets: A Scientometric Analysis
Sustainability 2022, 14(19), 12796; https://doi.org/10.3390/su141912796 - 07 Oct 2022
Cited by 2 | Viewed by 823
Abstract
In this study, we examined the extant literature on the dynamic association between oil prices and financial assets with special emphasis on the methodologies for measuring the dependence among oil prices, exchange rates, stock prices, energy markets, and assets related to sustainable finance. [...] Read more.
In this study, we examined the extant literature on the dynamic association between oil prices and financial assets with special emphasis on the methodologies for measuring the dependence among oil prices, exchange rates, stock prices, energy markets, and assets related to sustainable finance. We performed a scientometric review of the structure and global trends of the dynamic association among oil prices and financial assets, based on research from 1982 to 2022 (September) using techniques such as the analysis of (i) sources, (ii) authors, (iii) documents, and (iv) cluster analysis. A total of 746 bibliographic records from Scopus and Web of Science databases were analyzed to generate the study’s research data through scientometric networks. The findings indicate that the most promising areas for further research in this field are represented by co-movement, copula, wavelet, dynamic correlation, and volatility analysis. Furthermore, energy markets and assets related to sustainable finance emerge as crucial trends in investigating dynamic co-movements with oil prices. They also suggest a research gap in analyzing by means of machine learning, deep learning, big data, and artificial intelligence for measuring dynamic co-movements among oil prices and assets in financial and energy markets, especially in emerging countries. Thus, these methodologies can be implemented in further research because these methods could more robustly quantify the association among such variables. The analysis provides researchers and practitioners with a comprehensive understanding of the existing literature and research trends on the dynamic association among oil prices and financial assets. It also promotes further studies in this domain. The identification of these relations presents benefits in risk diversification, hedges, speculation, and inflation targeting. Full article
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Article
Analysis of the Capital Structure in Sustainable Infrastructure Systems: A Methodological Approach
Sustainability 2022, 14(19), 12662; https://doi.org/10.3390/su141912662 - 05 Oct 2022
Viewed by 580
Abstract
Many countries require financial mechanisms, leading to increasing coverage through sustainable infrastructure systems (SISs). However, establishing such mechanisms demands innovative approaches and analyses that contribute to the development of financial schemes by providing a new vision for private investors and public entities promoting [...] Read more.
Many countries require financial mechanisms, leading to increasing coverage through sustainable infrastructure systems (SISs). However, establishing such mechanisms demands innovative approaches and analyses that contribute to the development of financial schemes by providing a new vision for private investors and public entities promoting sustainable development and, therefore, the creation of new eco-financial assets. To address this need, this paper proposes a methodology for analyzing capital structure in sustainable infrastructure systems, which is validated in a case study. Thus, a mathematical model that identifies the impact on the final capital structure according to an investment plan and capital structures per period is developed. Additionally, this proposal integrates a financial framework that involves sustainable financing, capital markets, and public–private sectors. The results of the case study show that debt-service capacity was always higher than 1.0×. Hence, this study provides a better understanding of financing processes for SISs. Additionally, this contributes to the debate on infrastructure financing and its implications for main stakeholders. Full article
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Article
What Enables Human Capital Investment Sharing in Elite Sport?
Sustainability 2022, 14(17), 10628; https://doi.org/10.3390/su141710628 - 26 Aug 2022
Viewed by 660
Abstract
Sport organizations increasingly cooperate to invest in elite athlete development, sometimes even across national boundaries and industry sectors. This study attempts to explain why organizations decide to cooperatively invest by extending human capital theory. A multiple case study of National Pro Fastpitch (NPF) [...] Read more.
Sport organizations increasingly cooperate to invest in elite athlete development, sometimes even across national boundaries and industry sectors. This study attempts to explain why organizations decide to cooperatively invest by extending human capital theory. A multiple case study of National Pro Fastpitch (NPF) and Kunlun Red Star Hockey Club (KRS) was conducted, including an analysis of 43 interviews and 305 documents. Organizations decided to invest cooperatively because they believed human capital sharing would allow for levels of investment that would otherwise be prohibitively expensive for individual organizations. Four enabling conditions explain when organizations perceive sharing as more effective than human capital “buying” or “making.” The findings extend human capital theory to explain sharing decisions. The cases and theory provide practical insights for managers investing in athlete development and expanding sports leagues. Full article
Article
Sustainable and Innovative Cross-Border Regional Development with Focus on Tourism in the Danube Basin—A Case-Study of Szigetköz and Csallóköz (Žitný Ostrov)
Sustainability 2022, 14(12), 7037; https://doi.org/10.3390/su14127037 - 08 Jun 2022
Cited by 1 | Viewed by 969
Abstract
The current paper aims to analyze the Hungarian–Slovakian cross-border area (Szigetköz, Csallóköz) and unearth the region’s latent economic development potential. The study area with its unique natural environment has recently aroused the interest of many fields. Szigetköz is a fresh spot in the [...] Read more.
The current paper aims to analyze the Hungarian–Slovakian cross-border area (Szigetköz, Csallóköz) and unearth the region’s latent economic development potential. The study area with its unique natural environment has recently aroused the interest of many fields. Szigetköz is a fresh spot in the agglomeration of two large cities: Győr and Mosonmagyaróvár. What could be the economic bases and social factors that can awaken the area from its sleeping rose dream? Along with this issue, we explore socio-economic development opportunities. The exploratory research is based on content analysis of strategic documents and in-depth interviews with the settlement’s mayors. The results show that, although the overwhelming majority of settlements have a more moderate population loss and an abundance of economic opportunities relative to other Hungarian settlements, there are several gaps and negative processes that operate beneath the surface. Full article
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Article
Deep Learning to Improve the Sustainability of Agricultural Crops Affected by Phytosanitary Events: A Financial-Risk Approach
Sustainability 2022, 14(11), 6668; https://doi.org/10.3390/su14116668 - 30 May 2022
Viewed by 1124
Abstract
Given the challenges in reducing greenhouse gases (GHG), one of the sectors that have attracted the most attention in the Sustainable Development Agenda 2030 (SDA-2030) is the agricultural sector. In this context, one of the crops that has had the most remarkable development [...] Read more.
Given the challenges in reducing greenhouse gases (GHG), one of the sectors that have attracted the most attention in the Sustainable Development Agenda 2030 (SDA-2030) is the agricultural sector. In this context, one of the crops that has had the most remarkable development worldwide has been oil-palm cultivation, thanks to its high productive potential and being one of the most efficient sources of palmitic acid production. However, despite the significant presence of oil palm in the food sector, oil-palm crops have not been exempt from criticism, as its cultivation has developed mainly in areas of ecological conservation around the world. This criticism has been extended to other crops in the context of the Sustainable Development Goals (SDG) due to insecticides and fertilisers required to treat phytosanitary events in the field. To reduce this problem, researchers have used unmanned aerial vehicles (UAVs) to capture multi-spectral aerial images (MAIs) to assess fields’ plant vigour and detect phytosanitary events early using vegetation indices (VIs). However, detecting phytosanitary events in the early stages still suggests a technological challenge. Thus, to improve the environmental and financial sustainability of oil-palm crops, this paper proposes a hybrid deep-learning model (stacked–convolutional) for risk characterisation derived from a phytosanitary event, as suggested by lethal wilt (LW). For this purpose, the proposed model integrates a Lagrangian dispersion model of the backward-Gaussian-puff-tracking type into its convolutional structure, which allows describing the evolution of LW in the field for stages before a temporal reference scenario. The results show that the proposed model allowed the characterisation of the risk derived from a phytosanitary event, (PE) such as lethal wilt (LW), in the field, promoting improvement in agricultural environmental and financial sustainability activities through the integration of financial-risk concepts. This improved risk management will lead to lower projected losses due to a natural reduction in insecticides and fertilisers, allowing a balance between development and sustainability for this type of crop from the RSPO standards. Full article
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Article
The Impact of Size on the Performance of Transnational Corporations Operating in the Textile Industry in Portugal during the COVID-19 Pandemic
Sustainability 2022, 14(2), 717; https://doi.org/10.3390/su14020717 - 10 Jan 2022
Cited by 4 | Viewed by 2079
Abstract
The aim of this work is to understand the impact of size on the performance of transnational corporations (TNCs) operating in the textile and clothing industry in Portugal during the COVID-19 pandemic. For this purpose, we used ORBIS data for the period 2019–2020 [...] Read more.
The aim of this work is to understand the impact of size on the performance of transnational corporations (TNCs) operating in the textile and clothing industry in Portugal during the COVID-19 pandemic. For this purpose, we used ORBIS data for the period 2019–2020 and narrative, financial and correlation analyses to assess the performance of five companies. Thus far, the impact of company size on the competitiveness of Portuguese textile affiliates during the pandemic has remained unexplored. The results show that smaller firms performed better than larger ones, likely due to the higher fixed costs of the latter at times when orders declined worldwide. Our analysis suggests that there are some characteristics of TNCs that matter in explaining company-level performance during crises, such as management experience and flexibility. Furthermore, as Portugal is a major European textile exporter, it is useful for the host country to assess the economic sustainability of its foreign investors. The results provide some policy recommendations regarding the promotion of foreign direct investment (FDI) in Portugal. Full article
Article
Bibliometric Literature Analysis of a Multi-Dimensional Sustainable Development Issue: Energy Poverty
Sustainability 2021, 13(17), 9780; https://doi.org/10.3390/su13179780 - 31 Aug 2021
Cited by 4 | Viewed by 2185
Abstract
Energy plays a critical role in building a sustainable future—economically, socially, and environmentally. Energy poverty holds a similarly prominent position and covers certain economic, social and environmental issues that are underlined by the United Nations’ Sustainable Development Goals. Due to its multidimensional role [...] Read more.
Energy plays a critical role in building a sustainable future—economically, socially, and environmentally. Energy poverty holds a similarly prominent position and covers certain economic, social and environmental issues that are underlined by the United Nations’ Sustainable Development Goals. Due to its multidimensional role in plans for achieving sustainable development, there is a growing body of literature focusing on various aspects of energy poverty. This study conducts a bibliometric analysis of this literature by utilizing more extensive data from the Web of Science, covering all information on energy poverty studies. The analysis reveals how energy poverty has attracted attention over time, who the leading authors are, which studies constitute outstanding contributions to the literature, which different sides of the research topic stand out, and also highlights the potential research gaps. The results reveal all the network flows among researchers, publications, journals, keywords, organizations, co-cited publications, and bibliographic coupling for energy poverty studies. The findings confirm the increasing popularity of energy poverty as a topic and demonstrate the increasing awareness of the issue in academia over time. Full article
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Article
Do Public–Private Partnership Investment in Energy and Technological Innovation Matter for Environmental Sustainability in the East Asia and Pacific Region? An Application of a Frequency Domain Causality Test
Sustainability 2021, 13(6), 3039; https://doi.org/10.3390/su13063039 - 10 Mar 2021
Cited by 13 | Viewed by 1895
Abstract
Environmental sustainability is an important issue for current scholars and policymakers in the East Asian and Pacific region. The causal and long-run effects of technological innovation, public–private partnership investment in energy, and renewable energy consumption on environmental sustainability in the East Asian and [...] Read more.
Environmental sustainability is an important issue for current scholars and policymakers in the East Asian and Pacific region. The causal and long-run effects of technological innovation, public–private partnership investment in energy, and renewable energy consumption on environmental sustainability in the East Asian and Pacific regions have not been comprehensively explored while taking into account the role of economic growth using quarterly data for the period 1992–2015. Therefore, the present study aims to close this literature gap using econometric approaches, namely Bayer–Hanck cointegration, autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least square (FMOLS) tests. Furthermore, the study utilizes the frequency domain causality test to capture the causal impact of public–private partnership investment in energy, renewable energy consumption, technological innovation, and economic growth on CO2 emissions. The advantage of the frequency domain causality test is that it can capture the causality between short-term, medium-term, and long-term variables. The outcomes of the ARDL, FMOLS and DOLS show that renewable energy consumption and technological innovation mitigate CO2 emissions, while public–private partnership investment in energy and economic growth increase CO2 emissions. Moreover, the frequency causality test outcomes reveal that technological innovation, public–private partnership investment in energy, and renewable energy consumption cause CO2 emissions, particularly in the long-term. Thus, as a policy recommendation, the present study recommends promoting renewable energy consumption by focusing more on technological innovation in the East Asia and Pacific regions. Full article
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Article
Human Resources Training Needs in the Small and Medium Enterprises from Cross-Border Area Romania-Ukraine-Republic of Moldova
Sustainability 2021, 13(4), 2150; https://doi.org/10.3390/su13042150 - 17 Feb 2021
Cited by 2 | Viewed by 1906
Abstract
The research aim was to identify the training needs of entrepreneurs and employees within small and medium enterprises (SMEs) from the Suceava, Chernivtsi, and Bălți regions, to analyze the specific training practices in the cross-border area, and to identify the common features or [...] Read more.
The research aim was to identify the training needs of entrepreneurs and employees within small and medium enterprises (SMEs) from the Suceava, Chernivtsi, and Bălți regions, to analyze the specific training practices in the cross-border area, and to identify the common features or the disparities. The research contains an exploratory survey, based on a semi-structured questionnaire that investigates the training needs in the SMEs and specific training practices with a comparative approach. The results relate to the challenges faced by transformation economies and by the specificities of SMEs from these remote areas. Additionally, the research connects the factors involved in planning and delivering training programs for employees in SMEs in this EU peripheral area with the weaknesses of the companies in facing the market competitive economy. The results of the survey disclosed some common features and specificities related to training needs, training responsibilities, and interests in the SMEs from this cross-border area. The discussions are relevant for different categories of stakeholders, at the micro-level, for the management of the companies, but also on a larger scale, in planning the new development programs for the labor market in the targeted areas. Full article
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Article
Youth Labor Market Integration in European Regions
Sustainability 2020, 12(9), 3813; https://doi.org/10.3390/su12093813 - 07 May 2020
Cited by 13 | Viewed by 2341
Abstract
Countries’ institutional configurations and structural characteristics play an important role in shaping transitions from school to work. Recent empirical evidence shows significant regional and territorial differences in youth unemployment and labor market participation. Along this research strand, we argue in favor of a [...] Read more.
Countries’ institutional configurations and structural characteristics play an important role in shaping transitions from school to work. Recent empirical evidence shows significant regional and territorial differences in youth unemployment and labor market participation. Along this research strand, we argue in favor of a place-sensitive approach to youth labor market integration in order to address the regional disparities of young people’s opportunities. In order to investigate the synergic effect of different contextual configurations, we construct a composite measure, namely, the youth labor market integration (YLMI) index. This considers a wide range of indicators of the access, exclusion, and duration of the transition into employment at the regional level. The YLMI index allows cross-regional and longitudinal comparisons of the European Union (EU) local labor markets and youth employment opportunities. Full article
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Article
High-Growth Aspirations of Entrepreneurs in Latin America: Do Alliances Matter?
Sustainability 2020, 12(7), 2867; https://doi.org/10.3390/su12072867 - 03 Apr 2020
Cited by 5 | Viewed by 1620
Abstract
This study considers how the formation and implementation strategies of a Latin America alliance between four of the best economic performance countries in the region have impacted the quality of entrepreneurship in these countries. To this end, we studied the Pacific Alliance (PA) [...] Read more.
This study considers how the formation and implementation strategies of a Latin America alliance between four of the best economic performance countries in the region have impacted the quality of entrepreneurship in these countries. To this end, we studied the Pacific Alliance (PA) and employed an ordered probit model with sample selection bias and statistical information from the Global Entrepreneurship Monitor (GEM) database for the 2012–2017 period. As a dependent variable, we used the growth aspiration of entrepreneurs as a proxy to measure the future growth of the company, from which a possible economic impact could be inferred. The evidence shows that during the implementation period of the PA, there is a positive impact on entrepreneur growth aspirations in member countries; the likelihood that entrepreneurs have high-growth aspirations is found to be greater during and after the implementation period than before the signing of the PA. Likewise, it was found that motivation, gender, education, skills, innovation (as perceived by the entrepreneur), export level, two pillars of the global competitiveness index (GCI), and the gross domestic product (GDP) growth rate explain the growth aspirations of entrepreneurs in the member countries during the period under study. Full article
Article
Transforming Turkish Universities to Entrepreneurial Universities for Sustainability: From Strategy to Practice
Sustainability 2020, 12(4), 1496; https://doi.org/10.3390/su12041496 - 17 Feb 2020
Cited by 4 | Viewed by 2497
Abstract
Today, universities are seen as the main actors of technological change, innovation, and social development; this situation causes new roles for universities, as well as forces them to change. At present, universities face very important expectations such as research and entrepreneurial activities by [...] Read more.
Today, universities are seen as the main actors of technological change, innovation, and social development; this situation causes new roles for universities, as well as forces them to change. At present, universities face very important expectations such as research and entrepreneurial activities by providing the industry–university cooperation along with education and training. In order to manage that transformation, it is seen that the universities across the world evolve to context of entrepreneurial university. Within this general framework, the main objective of this research is to determine where Turkish universities stand on the transformation of entrepreneurial university. In order to achieve this goal, 68 public universities’ strategic plans, which are thought to reflect the intentions for the future, were subjected to content analysis. The findings showed that the majority of universities in our country did not have entrepreneurial university features but they have strong intention and desire for a transformation in this direction. Full article
Article
Analysis of Wavelet Coherence: Service Sector Index and Economic Growth in an Emerging Market
Sustainability 2019, 11(23), 6684; https://doi.org/10.3390/su11236684 - 26 Nov 2019
Cited by 19 | Viewed by 2957
Abstract
The present study aims to shed some light on the causal link between the Service Sector Index in the Turkish stock market and economic growth using a wavelet coherence approach. Thus, the present study determines whether the Service Sector Index leads to economic [...] Read more.
The present study aims to shed some light on the causal link between the Service Sector Index in the Turkish stock market and economic growth using a wavelet coherence approach. Thus, the present study determines whether the Service Sector Index leads to economic growth in Turkey and/or vice versa. Based on our aim, we use the wavelet coherence approach, which allows us to capture long-run and short-run causal linkages between the Service Sector Index and economic growth in Turkey, since the approach combines both time domain causality and frequency domain causality tests. The findings from wavelet coherence reveal that there is one-way causality running from the Service Sector Index to economic growth in Turkey at different frequencies and different periods between 1997 and 2017. Full article
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Article
Government Size and Regional Capital Flows in China
Sustainability 2019, 11(23), 6653; https://doi.org/10.3390/su11236653 - 25 Nov 2019
Cited by 1 | Viewed by 1778
Abstract
Capital flows are key variables supporting the sustainability of economic growth. Based on a dataset of 31 provinces in China over 1997–2014, this paper utilizes the system generalized method of moments (System GMM) to investigate the determinants of capital flows and analyses the [...] Read more.
Capital flows are key variables supporting the sustainability of economic growth. Based on a dataset of 31 provinces in China over 1997–2014, this paper utilizes the system generalized method of moments (System GMM) to investigate the determinants of capital flows and analyses the impact of government size on capital flows. Preliminary results show that government size exerts a negative effect on capital inflows. Specifically, government spending on capital construction and administration crowds out capital inflows significantly, while government spending on science and technology crowds in capital inflows dramatically. In addition, high quality human capital, advanced financial development, and high-level trade openness are conducive to capital inflows. High tax and labor cost impede capital inflows. These results provide proof for China’s government to reduce the size of government spending appropriately and optimize its government expenditure structure for the purpose of crowding in capital inflows. Full article
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Review

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Review
Towards a Unified Virtual Business Incubator Model: A Systematic Literature Review and Bibliometric Analysis
Sustainability 2022, 14(20), 13205; https://doi.org/10.3390/su142013205 - 14 Oct 2022
Cited by 1 | Viewed by 675
Abstract
Virtual business incubators have been highlighted for their positive impacts in fostering entrepreneurship and innovation in several business areas, contributing to sustainable economic growth and social development. However, despite their crucial roles, previous literature emphasizes that research concerning their business models has been [...] Read more.
Virtual business incubators have been highlighted for their positive impacts in fostering entrepreneurship and innovation in several business areas, contributing to sustainable economic growth and social development. However, despite their crucial roles, previous literature emphasizes that research concerning their business models has been largely ignored, and several important issues are still unaddressed. This article aims to contribute to filling this gap and advancing this field by providing the first bibliometric and systematic literature review, as far as the authors know, concerning virtual business incubator models. The main results reveal the following: that academic production is relatively new, fragmented, and develops under a diversity of research paths; the analyzed models (n = 12) have only some dimensions in common and are proposed based on three different perspectives (business organization and management, information and communication systems, and user experience); there is not a virtual business incubator model more suitable to support digital businesses or startups creation. Based on the results, it is argued that there is a need to further develop a model towards a unified virtual business incubator by actively involving different stakeholders during its design. This research can help managers, academics, and other professionals interested in running virtual business incubator programs. Full article
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Systematic Review
Can the Rational Design of International Institutions Solve Cooperation Problems? Insights from a Systematic Literature Review
Sustainability 2022, 14(13), 7866; https://doi.org/10.3390/su14137866 - 28 Jun 2022
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Abstract
Global governance challenges highlight the role of international institutions as problem-solving structures. Institutional design is, more than ever, relevant in this context. The academic literature on this issue is characterized by the existence of consolidated debates such as that of rationalism vs. constructivism, [...] Read more.
Global governance challenges highlight the role of international institutions as problem-solving structures. Institutional design is, more than ever, relevant in this context. The academic literature on this issue is characterized by the existence of consolidated debates such as that of rationalism vs. constructivism, with a focus on making specific contributions to the rational design of international institutions. Koremenos, Lipson, and Snidal (2001) elaborated upon a series of cause-effect conjectures linking cooperation problems, considered independent variables, with institutional design features, considered dependent variables. This research aims to highlight the empirical evidence of the existing debate on this work by conducting a systematic review. Twenty-one quantitative research studies were collected through a screening and selection procedure and were subject to systematization. The findings showed asymmetric approaches to the rational design project, and agreements were the type of international institution that received the most attention from academia. Rationalism was supported by most of the body of literature. However, a broad subgroup of articles complemented this rational approach with other variables or schools of thought, such as those of constructivism and historical institutionalism. The results have relevance for the international institution design literature, as future avenues of potential research are underlined. Full article
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