• Title, Summary, Keyword: Sustainable Growth

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Evolution of Limits to Growth Studies and its Implications on Concept and Strategy of Sustainable Development (성장의 한계 논의의 전개와 지속가능발전에의 함의)

  • Moon, Tae Hoon
    • Korean System Dynamics Review
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    • v.17 no.2
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    • pp.5-32
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    • 2016
  • Purpose of this paper is to review series of Limits to Growth studies from its original Rome Club Report published in 1972 to the most recent one in 2012 by Jorgen Randers and finds its implications on concept and strategy of sustainable development. For this purpose first, this paper reviewed series of Limits to Growth studies in details with focus on scenarios used in simulation of world model. Second, response to the original Limit to Growth was reviewed and to see validity of its scenario based simulations, simulated results of interest variables and actual historical data up to the year 2010 was compared. Third, structure and key arguments in both studies, Limit to Growth studies and Our Common Future was explained and compared. Finally, implications of the Limit to Growth studies on concept and strategy for sustainable development was discussed. Based on the comparison, this paper argued that even if the term sustainable development was not used in the Limit to Growth at all, concept and strategies for sustainable development implied in the Limit to Growth are more clear and specific than those of Our Common Future. Since Limit to Growth studies were simulation based ones that produce detailed behaviors on interest variables, it clarifies more clearly the abstract concept of sustainable development and thus, provides specific guidelines for the direction of sustainable policy which has been suffering long from vagueness of concept of sustainable development.

Intellectual Capital and Corporate Sustainable Growth: The Indian Evidence

  • Mukherjee, Tutun;Sen, Som Sankar
    • The Journal of Business Economics and Environmental Studies
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    • v.9 no.2
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    • pp.5-15
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    • 2019
  • Purpose - The present study endeavours to investigate the impact of intellectual capital (IC) and its components on corporate sustainable growth in India. In addition, this study aims to find out the most influential component of IC on corporate sustainable growth in India. Research design, data, and methodology - A sample size of top 139 NSE listed non-financial companies over a time period of five years has been used in this monograph. The impact of intellectual capital and its components on corporate sustainable growth has been examined using the longitudinal data analysis technique. Results - The findings of this study bring to light that intellectual capital (IC) as measured by the M-VAIC model demonstrates a significant impact on corporate sustainable growth. Considerably, the results also reveal that almost all the explanatory variables viz. Physical Capital, Relational Capital, Innovation Capital, and Process Capital exercise notable influence in explaining corporate sustainable growth. Moreover, the results demonstrate Innovation Capital (controlling the effect of Physical Capital) represents the most influential component of IC on corporate sustainable growth. Conclusions - The research findings show that in the Indian context, both physical capital, and IC (overall), as well as its components, play a crucial role to explain corporate sustainable growth.

STEM Education and Sustainable Growth in Regions: Lessons Learned from the U.S. WIRED Program Evaluation

  • Jung, Yu Jin
    • World Technopolis Review
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    • v.3 no.3
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    • pp.153-164
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    • 2014
  • It is recent that STEM (Science, Technology, Engineering and Mathematics) education emerged as a great concern of the U.S. policy makers in terms of securing national and regional competitiveness. However, few attempts to embrace STEM education as a source for sustainable regional growth have been made mainly due to methodological challenges. This paper investigates the role of STEM education in achieving sustainable economic growth. For the purpose of the paper, a U.S. federal workforce development program named Workforce Innovation in Regional Economic Development (WIRED) in Southeastern Virginia that was implemented between 2007 and 2010 is selected and evaluated qualitatively. By identifying three themes as a result of three-stage coding methods, the evaluation results call for particular attention of local policy makers and key stakeholders to STEM education as a source of sustainable long-term economic growth in regions.

Environmental Philosophy and Sustainability (녹색주의 사상과 지속가능성)

  • Lim, Hyung-Baek
    • Hwankyungkyoyuk
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    • v.25 no.1
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    • pp.50-65
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    • 2012
  • The purposes of this studies were (1) to compare environmentally responses with green responses, (2) and departmentalized green responses, (3) and linked green responses to sustainability. First, I compared environmental responses with green responses. Environmental responses and green responses had different paradigm. So it is impossible to compare them same criteria. And there is no theory and method to prove which is better. I can't tell which one is better because they environmental responses and green responses. Second, I departmentalized green responses and compared the advantages and disadvantages of each departmentalized green responses. Third, linked green responses to sustainability. It is difficult to seek environmentally sustainable society without losing sustainable economic growth. Green responses and environmentally sustainable society seems to impractical. Environmentally sustainable society and sustainable economic growth seems to will never meet no matter how far extended. At the present speaking, sustainable economic growth and an environmentally sustainable society were incompatible.

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Spatial Distribution of Economic Growth and Inequality: Kazakhstan's Experience

  • Nurlanova, Nailya K.;Satybaldin, Azimkhan A.;Bekturganova, Makpal A.;Kireyeva, Anel A.
    • The Journal of Asian Finance, Economics, and Business
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    • v.5 no.3
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    • pp.169-178
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    • 2018
  • This study aims is to explore of the theoretical concepts of regional imbalances and spatial inequality, analysis of spatial distribution of economic growth and identifying of "growth poles" for sustainable development in the regions of Kazakhstan. Based on the theoretical views, we conclude that the key direction of regional policy is the search and development of "growth poles", which will distribute their potential equally to backward regions. The authors propose the methodological tools for presenting a standard form of evaluation of spatial distribution and inequality of the regions of Kazakhstan. This study confirms the importance of using of proposed methods and its application for objectively and realistically defines "growth poles" for sustainable development. Further, the obtained results showed the distribution of Kazakhstan's regions by economic growth and specialization with using modified index of KDI. According to the results of this theoretical and empirical study proved that distribution of the regions of Kazakhstan and results of KDI indexes shows that the spatial differentiation of economic development, but its level and dynamics are different in different respects. In addition, according to the conducted survey, we conclude that one of the most important tasks is sustainable growth based on "growth poles" for sustainable development.

The Role of Corporate Social Responsibility for Sustainable Growth: An Exploratory Case Study on Auto Corporations (지속성장을 위한 사회적 책임(CSR)의 전략적 활용: 중국 내 자동차 기업에 대한 탐색적 사례연구)

  • Baek, Seoin;Kwon, Sang-Jib
    • Knowledge Management Research
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    • v.16 no.3
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    • pp.103-128
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    • 2015
  • This study sheds light on the role of corporate social responsibility in firms' growth by investigating how and what corporate social activities may flow down china auto industry market. This study results based on in-depth case studies from 5 international auto corporations suggest that positive diverse corporate social responsibility amplified that the influence of commitment to the customer on firm's brand loyalty and sustainable growth. The most important thing is that strategic corporate social responsibility activities including new venture creation support and national project program will have a positive influence on the firm's growth and brand reputation. We build on advanced solutions to examine the unique and joint activities of auto corporations based on china auto industry market and important factors affecting sustainable growth in auto corporations. Contributions and implication of this study for current and future corporate social responsibility research are discussed.

Study on the check list composition at Sustainable building strategies and Design methods of Long-life housing (장수명 공동주택의 친환경 요소기술 및 계획기법 체크리스트 구성에 관한 연구)

  • Han, Nam-Soo;Lee, Young
    • Journal of the Korean housing association
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    • v.21 no.1
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    • pp.103-112
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    • 2010
  • This Study is about the check-List composition for 'Low carbon green growth' of Long-life housing. That utilization for required the check-list composition at Sustainable building strategies and Design methods. That for long life housing, sustainable building strategies part of building construction and interior, the proper foundation for legislative system, maintenance methods with in building life cycle, sustainable and green architecture capability realization prepare for connection plan with 'Low carbon-green growth'. Extracting from elements of Architectural planing answer to basic concept of Low carbon-green growth and aimed at Low carbon scheme for energy saving, green growth scheme for environmental conservation as to each application purpose reconstitute by classify Check-list category about elements of Architectural planing. Through this architectural research deduce elements of architectural planing that can be research utilization with in Check-list composition.

Methodological Approaches to Estimation of Economic Growth and Sustainable Development: Kazakhstan's Experience

  • NURLANOVA, Nailya K.;OMAROV, Akedil K.;SATPAYEVA, Zaira T.
    • The Journal of Asian Finance, Economics, and Business
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    • v.7 no.4
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    • pp.317-324
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    • 2020
  • The study aims to analyze the theoretical background of the economic growth and sustainable development; systematization of scientists view on monitoring and economic and innovative evaluation, analysis and diagnosis of factors affecting these processes. Rating characteristics of the level of innovative resources development obtained based on the comparative analysis of Kazakhstan regions. Calculations were done based on official statistics during 2010 and 2015-2017. Based on obtained data there has been grading of the country regions and their ratings were determined by the level of development of innovative resources. This research identifies areas and mechanisms to ensure balanced sustainable development of the national economy. The findings suggest that sustainable development of the state is affected by the innovative activity of the regions, the sustainable development of which is ensured by innovative enterprises. Transition to the model of sustainable territorial development involves the formation of such conditions and the use of mechanisms under which the natural base of this development is not destroyed, the environment suitable for human existence is preserved and reproduced. The findings of this research support for pursuing a national policy of reducing regional imbalances, and promoting a more balanced and sustainable development of the whole country.

System Dynamics Modeling for the Generic Structure of Economic Growth and the Sustainable Endogenous Growth Theory (경제성장에 대한 본원적 구조와 지속가능 내생적 성장이론에 대한 시스템 다이내믹스 모델링)

  • Jeon, Dae-Uk;Kim, Ji-Soo
    • Korean System Dynamics Review
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    • v.10 no.1
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    • pp.5-32
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    • 2009
  • This paper revisited the key advances on System Dynamics modeling about traditional macro-economic models and economic growth structures, and then tries to elaborate a new model based on the endogenous growth theory that incorporates new growth factors, relevant to knowledge/technology as well as the Environment, into traditional growth models. Accordingly, the new model augments the acceleration and multiplier loops and the balancing ones representing market clearing mechanism with a simple numerical example. The authors thus provides macroeconomic System Dynamics analysts with a milestone to model macro-economic structures reflecting on traditional and cutting-edge theories on sustainable economic growth and general equilibrium modeling.

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Sustainable (Green) Finance : Efficient and Effective Investment Strategies for Green Technologies (녹색성장을 위한 녹색금융의 자본조달역할에 관한 연구)

  • Koo, Junghan;Son, Donghee;Jeon, Yongil
    • Environmental and Resource Economics Review
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    • v.19 no.3
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    • pp.659-688
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    • 2010
  • Climate change induced by global warming has recently begun to inspire developed nations to introduce a new paradigm, called the sustainable (Green) growth, which entails both the prevention of environmental pollution and the attainment of sustainable growth. The sustainable (Green) growth is founded upon environmental factors that drive a new force of economic progress without deteriorating nature. Thus, the conservation of the environment under the new growth paradigm can be compatible with economic growth, although this was not feasible under conventional economic relations, called the Environmental Kutzets Curve. Sustainable (Green) finance is essential to achieving Green growth efficiently and effectively. Since the financial system for Green growth is at the early stage of implementation, the application of strategies for sustainable (Green) finance should be preceded by proper initiation and protection from the government. In order to establish a feasible strategy for financing green growth, we suggest an effective financial supporting system, taking different operational forms upon the broader stage of technological progress in each individual company.

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