A Model for Sustainable Development in the Cyber Economy: The Creation and Implementation of Green Innovations
Purpose: The purpose of this chapter is to develop a model for the sustainable development of the cyber economy based on the creation and implementation of “green” innovations.
Design/methodology/approach: In order to study the issue of sustainable development of the cyber economy based on “green” innovations the author uses the method of regression analysis. The author determined the influence of the values of the indices of digital competitiveness, calculated by the IMD, on the values of indices for the green economy, calculated by Dual Citizen LLC in early 2019 (based on data from late 2018). The countries selected for the research are those with the highest values in the green economy index (Top 33). To logically explain the determined regression dependence the author performs a SWOT analysis of sustainable development for the cyber economy based on the creation and implementation of “green” innovations.
Findings: It is determined that the formation of the cyber economy may stimulate the achievement of global goals in the sphere of sustainable development. Potential environmental risks, which appear or increase with the cyber economy, could be prevented or reduced through the adoption of the offered model for sustainable development of the cyber economy. The model is based on the circular mechanism of industrial production, tax stimulation of R&D, and responsible consumption.
Originality/value: Practical implementation of the developed model will support the high ecological effectiveness of the cyber economy through a reduction in the consumption of natural and energy resources.
KeywordsSustainable development Digital modernization Green economy Cyber economy Green innovations
JEL CodeQ01 Q56 Q57 O31 O32 O33 O38
- Bogoviz AV, Sergi BS (2018) The circular economy in modern Russia. In: Exploring the future of Russia’s economy and markets. Emerald, Bingley, West YorkshireGoogle Scholar
- Ciocoiu CN (2011) Integrating digital economy and green economy: opportunities for sustainable development. Theor Empirical Res Urban Manag 6(2):33–43Google Scholar
- Dual Citizen LLC (2019) The global green economy index 2018. https://dualcitizeninc.com/global-green-economy-index/. Accessed 03 March 2019
- IMD (2019) World digital competitiveness ranking 2018. https://www.imd.org/wcc/world-competitiveness-center-rankings/world-digital-competitiveness-rankings-2018/. Accessed 03 March 2019
- Jabłoński M (2018) Value migration to the sustainable business models of digital economy companies on the capital market. Sustainability (Switzerland) 10(9):31–43Google Scholar
- Le Van Q, Viet Nguyen T, Nguyen MH (2019) Sustainable development and environmental policy: the engagement of stakeholders in green products in Vietnam. Bus Strategy Environ 2(1):18–26Google Scholar
- Popescu DI (2019) Social responsibility and business ethics: IX. Green management and sustainable development of the firm. Qual Access Success 20(168):135–138Google Scholar
- Popkova EG, Bogoviz AV, Ragulina JV (2018a) Technological parks, “green economy,” and sustainable development in Russia. In: Exploring the future of Russia’s economy and markets. Emerald, Bingley, West YorkshireGoogle Scholar
- Popkova EG, Popova EV, Sergi BS (2018b) Clusters and innovative networks toward sustainable growth. In: Exploring the future of Russia’s economy and markets. Emerald, Bingley, West YorkshireGoogle Scholar
- United Nations (2019) Sustainable development goals. https://www.un.org/sustainabledevelopment/ru/sustainable-development-goals/. Accessed 03 March 2019