Institutional potential plays a key role in creating business opportunities. However, past studies did not emphasize on the consistency and the interaction between institutional and entrepreneurial potential-shaping factors. This research aimed to explore the role of these two aspects in spotting market gaps and encouraging competitiveness. Mixed methods were used, with basic concepts focusing on new institutional economic theory. The results showed that standardization, commercialization, technology, productivity, invention, social capital, and human capital strengthened institutional potential and social entrepreneurship. This created more ventures and encouraged competition. However, there is a need to eliminate institutional barriers to improve the efficiency and productivity of the socio-cultural-economic systems.
The advancement of sustainable competitiveness and its contribution to the sustainability of sustainable development are becoming increasingly important research topics in sustainability science. The main purpose of this study is to disseminate knowledge in the practice of entrepreneurship and to strengthen the theoretical foundation to support sound and appropriate decision making as well as to improve the performance of the business competitiveness. The main source of data material in this paper is the primary micro fundamental survey with path analysis model. The result of this study shows that technological innovation not only produces new products but can also be the best way to achieve advancement. New Product Development (NPD) is the output of technological innovation, and the best way that must be developed as a strong foundation for decision makers to achieve sustainable competitiveness progress is the new product development and institutional integration. If productivity and economic growth are the main keys to success in achieving sustainable competitiveness, the NPD and institutional integration is the main determinant of the progress of sustainable competitiveness. The conclusion of this study is that productivity and economic growth is not enough to be the main key of the strength of competitiveness, but it also requires collaboration from various fundamental factors and the NPD and institutional integration as a driving force, the best way, and the main determinant of the achievement of the performance progress of sustainable development competitiveness.
Poverty and environmental issues are correlated. Many reports suggest that poverty contributes to environmental degradation. Therefore, it is believed that the improvement of the quality of the environment must be started by alleviating poverty. The objectives of this study are to find the impact of poverty to environmental degradation and vice versa. This study uses data panel from 33 provinces in Indonesia from 2012 to 2017. Contrary to the belief, the result shows that the effort to reduce poverty resulting in environmental degradation. On the other way, one of the findings shows that the efforts to improve the quality of environment resulting in a high level of poverty. This implies that there is a consequence of reducing poverty, i.e. low quality of the environment. The trade-off occurs because when the government tries to reduce the poverty rate, then the quality of the environment also reduces. If the government wants to improve the quality of the environment, then the level of poverty will increase. This study suggests that the government must carefully conduct the poverty alleviation programs that create less harm to the environment and the government also needs to make regulations to protect the environment without harm the poor.
Economic development as a process of improving people's welfare in a country can also lead the declining of the environment quality. The degradation of the environment can be caused by the energy consumption required in the development process, as well as pollution. The main purpose of this study is to analyze empirically the impact of energy consumption and economic growth toward environmental quality which is measured by environmental quality index. This study employs the econometric model of panel data of 34 provinces in Indonesia along 2011-2016. The study finds the long-term relationship between energy consumption and economic growth on environmental quality in Indonesia.
The problem of managing plastic waste is the focus of the entire world today. Mismanaged plastics make a significant contribution to the increase in carbon emissions as a result of the release of plastic chemicals that are exposed to sunlight or are burned. The plastics industry which continues to experience an increase in production makes plastic waste continue to increase from year to year. This study aims to determine the relationship of the effect of the amount of plastic production on increasing the amount of co2 emission carbon at the global level using a simple linear regression analysis tool. The results showed that the production of plastics had a positive and significant effect, which meant that the higher the plastics produced by the plastics industry, the higher the amount of CO2 emission carbon. Similarly, the GDP per capita variable, showed positive and significant results. this means that the income pattern of the world community still has a positive effect on environmental degradation.
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