Special Issue "Technological Innovation and Economic Growth"

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: 31 December 2021.

Special Issue Editor

Prof. Dr. Luigi Aldieri
E-Mail Website
Guest Editor
Department of Economic and Statistical Sciences, University of Salerno, 84084 Fisciano, Italy
Interests: innovation economics; environmental economics; labor economics; econometrics; public policy; economics of innovation; patents; knowledge diffusion process; employment; green economy; applied microeconometrics
Special Issues and Collections in MDPI journals

Special Issue Information

Dear Colleagues,

An increasing number of studies are available in the recent literature concerning a more efficient use of resources for a full achievement of economic sustainability and growth. From this perspective, the role of technological innovation is very important, but the relative empirical evidence is still weak. For this reason, this Special Issue will focus on the extent to which investments in cleaner production can stimulate economic growth in a more sustainable context.

Because innovation is one of the mechanisms through which countries deal with a changing environment, green innovation presents itself as an important tool to react to the increasing pressure and changing environment. The aim of this Special Issue is to further understand the relationship between knowledge source strategy and green innovation. This type of innovation represents a technological frontier with which economic agents are still inexperienced, and there are no accepted standards in terms of technological solutions and policy measures for evaluating environmental performance. Recent studies suggest that private firms develop insufficient innovation toward clean technologies, and that too much effort is devoted to polluting technologies. Indeed, there is path dependence: Firms that used innovative polluting technologies in the past also have higher economic incentives for using innovative polluting technologies in the future. An intervention of policymakers at the worldwide level has been important for breaking the path dependence effect by favoring cleaner technologies in terms of social optimum.

Theoretical and empirical contributions from innovation economics and environmental economics on economic growth and relative public policies are welcome in this Special Issue.

Prof. Dr. Luigi Aldieri
Guest Editor

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 papers will be 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 1900 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

  • technological innovation
  • patents
  • knowledge spillovers
  • green economy
  • public policies

Published Papers (5 papers)

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Research

Article
An Officious Impact of Financial Innovations and ICT on Economic Evolution in China: Revealing the Substantial Role of BRI
Sustainability 2021, 13(16), 8962; https://doi.org/10.3390/su13168962 - 10 Aug 2021
Viewed by 450
Abstract
The Belt and Road Initiative removes regional barriers and brings communities closer together. In addition, ICT and financial innovation have helped transform the world into a big village and promoted economic growth. The study assessed the dynamic impact of ICT, economic globalization, and [...] Read more.
The Belt and Road Initiative removes regional barriers and brings communities closer together. In addition, ICT and financial innovation have helped transform the world into a big village and promoted economic growth. The study assessed the dynamic impact of ICT, economic globalization, and financial innovation on China’s economic growth. The study used quarterly data from 2000 to 2019 and used the ARDL model to determine long-term and short-term consequences. The results of the study show that ICT has a positive affiliation with economic growth in China. In addition, financial innovation has also shown a direct impact on economic growth. The study shows that China’s One Belt One Road project (economic globalization) has a great positive impact on its GDP. The consequences of the causality test discovered the significant unidirectional causality running from ICT and economic globalization (ECGI) to GDP. The study recommends mandatory policies related to ICT, financial innovation, and economic globalization to achieve long-term and sustainable development in China. Full article
(This article belongs to the Special Issue Technological Innovation and Economic Growth)
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Article
Determinants of the Sustainable Entrepreneurial Engagement of Youth in Developing Country—An Empirical Evidence from Pakistan
Sustainability 2021, 13(14), 7764; https://doi.org/10.3390/su13147764 - 12 Jul 2021
Viewed by 443
Abstract
The article identifies the motivating factors behind the career preferences of university graduates who chose to engage in sustainable entrepreneurship. In this research, multi-methods—theoretical investigations and qualitative interviews—have been utilized to determine the factors responsible for promoting sustainable entrepreneurship in a developing region. [...] Read more.
The article identifies the motivating factors behind the career preferences of university graduates who chose to engage in sustainable entrepreneurship. In this research, multi-methods—theoretical investigations and qualitative interviews—have been utilized to determine the factors responsible for promoting sustainable entrepreneurship in a developing region. The sample consisted of university graduates who chose to pursue their careers in entrepreneurial activities in Hyderabad, the sixth largest city of Pakistan located in Sindh Province. While determining why young academics choose entrepreneurship as a career choice, entrepreneurial careers are explored as an ongoing process of biographical sequences in which new ways of thinking and communication, new forms of economic and occupational challenges, and necessities as well as ways of success and failure are permanently claimed or raised. Due to these challenges, the youth are confronted with complex social and economic situation to deal with. The study findings provide guidelines on how sustainable entrepreneurship can be developed, engaged, and sustained in the future in developing and under-developed regions. Full article
(This article belongs to the Special Issue Technological Innovation and Economic Growth)
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Article
Inward Foreign Direct Investment-Induced Technological Innovation in Sri Lanka? Empirical Evidence Using ARDL Approach
Sustainability 2021, 13(13), 7334; https://doi.org/10.3390/su13137334 - 30 Jun 2021
Viewed by 301
Abstract
Fostering innovation is considered one of the key policy priorities in most governments’ agendas in developing countries. Foreign direct investment (FDI) is a principal resource for financing sustainable development, corresponding to 17 sustainable development goals (SDGs). This study analyzes how inward FDI affects [...] Read more.
Fostering innovation is considered one of the key policy priorities in most governments’ agendas in developing countries. Foreign direct investment (FDI) is a principal resource for financing sustainable development, corresponding to 17 sustainable development goals (SDGs). This study analyzes how inward FDI affects innovation in Sri Lanka using secondary data from 1990 to 2019. We used the Autoregressive Distributed Lag (ARDL) cointegration procedure to examine the long-run relationships between variables. As per the study results, the coefficient of inward FDI is a negative sign while the coefficients of education expenditure (EDU) and research and development expenditure (RDE) show positive signs of 0.26 and 5.7, respectively, and are statistically significant in the long run. It is demonstrated that research and development expenditure is vital in explaining technological innovation, and inward FDI inflows do not contribute to widening technological innovation in Sri Lanka. More FDI inflows will not bring higher innovation. Shaping the future of FDI in Sri Lanka is essential to foster innovation capability. Full article
(This article belongs to the Special Issue Technological Innovation and Economic Growth)
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Article
Are Technological Innovation and Foreign Direct Investment a Way to Boost Economic Growth? An Egyptian Case Study Using the Autoregressive Distributed Lag (ARDL) Model
Sustainability 2021, 13(6), 3265; https://doi.org/10.3390/su13063265 - 16 Mar 2021
Cited by 1 | Viewed by 537
Abstract
Both technological innovation and foreign direct investment have received widespread attention in the literature on their role in promoting economic growth. Therefore, this study aims to test the relationship between foreign direct investment, technological innovation, and economic growth of the Egyptian economy during [...] Read more.
Both technological innovation and foreign direct investment have received widespread attention in the literature on their role in promoting economic growth. Therefore, this study aims to test the relationship between foreign direct investment, technological innovation, and economic growth of the Egyptian economy during the period between 1990–2019 using the autoregressive distributed lag model simultaneous integration test. Our findings show of the ARDL (Autoregressive Distributed Lag) model estimation a joint complementary relationship between the rate of growth of per capita gross domestic product (GDP) in US dollars and the independent variables in the model in the long and short term, which are statistically significant results. We found a positive significant relationship between the variables of incoming foreign direct investment and share of total capital formation in economic growth. Therefore, in the long term, the rate of inflation and the innovation index had a negative impact in the long term and the speed of adjustment towards equilibrium was very large, as it was estimated at 1.5 years (1/0.651). Furthermore, the study also provides valuable lessons and a strategic vision for the Egyptian government, which aspires to advance technology and attract more foreign direct investment. Full article
(This article belongs to the Special Issue Technological Innovation and Economic Growth)
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Article
Green Energies, Employment, and Institutional Quality: Some Evidence for the OECD
Sustainability 2021, 13(6), 3252; https://doi.org/10.3390/su13063252 - 16 Mar 2021
Viewed by 436
Abstract
Using a sample of 19 OECD countries over the 1985–2011 period, we propose the application of fixed effects regression to appraise the impact of green energies on employment and to assess how the quality of institutions shapes the relationship. The evidence reported in [...] Read more.
Using a sample of 19 OECD countries over the 1985–2011 period, we propose the application of fixed effects regression to appraise the impact of green energies on employment and to assess how the quality of institutions shapes the relationship. The evidence reported in this paper indicates that higher supply of green energies enhances employment, though the effect is crucially mediated by the quality of institutions, depending on the measure of institutional quality employed. Further, the relationship remains stable under both Kyoto agreements and the 2007 financial crisis. Full article
(This article belongs to the Special Issue Technological Innovation and Economic Growth)
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