A new paradox of the digital economy - Structural sources of the limitation of GDP statistics

Watanabe, Chihiro; Tou, Yuji; Neittaanmäki, Pekka

doi:10.1016/j.techsoc.2018.05.004

Cited by 77 publications

(44 citation statements)

References 18 publications

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“…Since the Internet has been permeating into broad ICT in the digital economy, Internet dependency can be considered a proxy of digital solution(Watanabe et al, 2018c).…”

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confidence: 99%

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Watanabe

Naveed

Neittaanmäki

2019

Technology in Society

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Driven by digital solutions, the bioeconomy is taking major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a bioeconomy-based circular economy.The coupling of digitalization and bioeconomy is leading towards a digitalized bioeconomy that can satisfy the shift in consumers' preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain.Thus, the co-evolution of the coupling of digitalization and bioeconomy and of upstream and downstream operations is transforming the forest-based bioeconomy into a digital platform industry.Aiming at addressing this transformation, a model was developed that explains above mentioned dynamism and demonstrated its reliability through an empirical analysis focusing on the development trajectory of UPM (forest-based ecosystem leader in Europe and a world pioneer in the circular economy) over the last quarter century, highlighting its efforts towards planned obsolescence-driven circular economy.It was comprehended that with the advancement of digital innovations, UPM has incorporated a self-propagating function that accelerates digital solution. Furthermore, this self-propagating function was triggered by coupling with a downstream leader, Amazon, in the United States.The dynamism in transforming a forest-based bioeconomy into a digital platform industry is thus clarified, and new insights common to all industries in the digital economy are provided.

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“…Since the Internet has been permeating into broad ICT in the digital economy, Internet dependency can be considered a proxy of digital solution(Watanabe et al, 2018c).…”

mentioning

confidence: 99%

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Watanabe

Naveed

Neittaanmäki

2019

Technology in Society

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“…In the context of the digitalization of the world economy, special attention in the scientific community is paid to the analysis of the impact of the innovative component on the socioeconomic development of states. Many researchers write about that in scientific articles, reports and reviews of international organizations, including UNIDO, UNCTAD and others [Bharadwaj et al, 2013; OECD Science .., 2017; Measuring .., 2017; Digital Planet 2017; Teece, 2018; Science and Engineering .., 2018; UNIDO Industrial .., 2018; Global value chains .., 2018; Industrial .., 2019; Watanabe et al, 2018;Watanabe et al, 2018a]. Characteristic features and prospects for the development of human potential and national innovation systems, including the ones in the countries of Central and Eastern Europe, the CIS and the EEU are characterized in scientific papers [Gierańczyk, 2010;Rodionova, 2013;Dominiak, Rachwał, 2016;Groshen et al, 2017;Kokuytseva et al, 2019].…”

Section: Introductionmentioning

confidence: 99%

Industrial development of the countries of the Eurasian Economic Union in transition to the digital economy

Rodionova

Kokuytseva

2020

E3S Web Conf.

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The rapid growth in high-tech production is a key development trend in the modern world industry. However, the situation in the developing countries, as well as in “transition economies” (former socialist countries) differs from the one in developed countries. The economy restructure during the transition “from plan to market” in the post-Soviet states after the collapse of the USSR did not improve the state of the industrial sector in these countries. On the contrary, some industries were lost, economic interregional and intersectoral relations were destroyed when they became sovereign countries. And their foreign trade was reoriented outside the Commonwealth of Independent States (CIS) and later the Eurasian Economic Union (EEU). The purpose of the article is to assess the degree of readiness of the EEU and the CIS countries as a whole for the digital transformation of the economy on the basis of an analysis of their innovative and industrial development. The differentiation of the EEU countries by the level of industrial development, as well as the degree of lagging behind global trends in the transition to a post-industrial economy, is revealed. The analysis of the positions of the EEU countries in international rankings showed, that these countries continue to yield to the world leaders in terms of innovation activity and economic development. Today this gap may even widen. Only three countries still correspond to the main trends of world innovative development in the post-Soviet space: Russia, Kazakhstan and Belarus. Others have difficulties in innovative and industrial development.

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“…By means of stepwise empirical analyses taking 50 global forest-based bioeconomy leaders, elucidation of a unique feature of the co-evolutionary coupling toward circular economy was attempted. An insightful suggestion supportive to constructing disruptive business model in the digital economy [19,20] was thus provided.…”

Section: Introductionmentioning

confidence: 99%

CO-EVOLUTIONARY COUPLING VIA A DIGITAL-BIO ECOSYSTEM – A SUGGESTION FOR A NEW R&D MODEL IN THE DIGITAL ECONOMY

Naveed¹,

Watanabe²,

Neittaanmäki³

2019

IJMIT

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Driven by digital solutions, the bioeconomy has taken major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a circular economy. The coupling of digitalization and the bioeconomy is leading toward a digitalized bioeconomy that can satisfy a shift in people's preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain. This dual couplings has led to a new R&D model that absorbs external innovation resources from a broad value chain and assimilates them into various entities.In light of the increasing significance of such a new R&D model that may avoid the dilemma between R&D expansion and productivity decline, this paper elucidated dynamism enabling dual couplings.An empirical analysis of global forest-based bioeconomy firms was conducted, thereby providing an insightful suggestion with respect to dynamism emerging from a new R&D model.

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A new paradox of the digital economy - Structural sources of the limitation of GDP statistics

Cited by 77 publications

References 18 publications

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling

Industrial development of the countries of the Eurasian Economic Union in transition to the digital economy

CO-EVOLUTIONARY COUPLING VIA A DIGITAL-BIO ECOSYSTEM – A SUGGESTION FOR A NEW R&D MODEL IN THE DIGITAL ECONOMY

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