Responsible consumption choices and individual values: an algebraic interactive approach

Shah, Syed Sibghatullah; Shah, Tariq

doi:10.1007/s11299-023-00294-2

Cited by 6 publications

(2 citation statements)

References 36 publications

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“…To realise the public welfare goals, there has to be exercising of robust legal frameworks, efficient risk sharing, and transparent written agreements. As is exemplified by Banda and Jeke (2022) and Shah and Shah (2023), the long-term economic benefits exhibit some solid reasons for entering into PPPs that exist way beyond project completion. Apart from yielding instant results, such collaborations also help maintaining economic vitality over some period that has a bearing on communities and economies.…”

Section: Ppp Mechanics and Economic Developmentmentioning

confidence: 99%

Economic integration of Germany with EU through Effective implementation of Public Private Partnership

2024

Futurity Economics&Law

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This quantitative study employs Partial Least Squares Structural Equation Modeling (PLS-SEM) to investigate the efficacy of Public-Private Partnerships (PPPs) in fostering economic integration within the European Union (EU), with a specific focus on Germany. This study was grounded in insights gathered from 250 respondents employed across various sectors of Public-Private Partnerships (PPPs) in Germany. It aimed to elucidate effective aspects of PPP strategies and identify areas requiring further enhancement. The key findings highlighted that the improved collaboration of stakeholders and enabling legal environment were part of the implementation success of the PPPs. The quantitative analysis revealed statistically significant relationships with a path coefficient of, respectively: 0.35 (p < 0.01) from stakeholder teamwork and 0.30 (p < 0.01) from regulatory environment effectiveness to correlate strongly with positive perceptions of PPPs performance. This study represented a very key contribution since there was a concentration on a gap within the existing studies that paid less attention to the exploration of the dynamic interplay of regulatory frameworks and collaboration of stakeholders in PPPs. In fact, the documentary analysis has been conducted to bolster findings and enhance the reliability of drawing conclusions. This approach did not only reiterate the general perceptions of the effectiveness of PPPs but also ground a basis for proposing legislative and strategic enhancements. This emphasized significant implications for policymakers and PPPs practitioners, highlighting that enhanced regulatory support and stakeholder collaboration would greatly enhance the contributions of PPPs toward the economic integration objectives of the EU. It, therefore, brought out the need for considering holistically the economic unity and cross-national alignment of regulatory considerations in the development of long-term PPPs strategies that contribute to the broader discourse in the EU on economic policy and infrastructure development.

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Section: Ppp Mechanics and Economic Developmentmentioning

confidence: 99%

Economic integration of Germany with EU through Effective implementation of Public Private Partnership

2024

Futurity Economics&Law

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“…In other words, SE enterprises adopt ways of understanding production relations that consider their ability to sustain SD, thereby constituting an effective tool to achieve SDGs. SDG 12 (i.e., responsible consumption and production) is in turn related to an adequate redistribution of resources so that these organizations can ensure economic growth that provides benefits-as defined by the triple bottom line model-and promotes socially responsible behaviors (Huang et al, 2023;Shah and Shah, 2023).…”

Section: Resourcesmentioning

confidence: 99%

How does the circular economy achieve social change? Assessment in terms of sustainable development goals

Gallardo-Vázquez,

Scarpellini,

Aranda-Usón

et al. 2024

Humanit Soc Sci Commun

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Achieving sustainable development is today a basic premise for all companies and governments. The 2030 Agenda has outlined an action plan focused on all areas and interest groups. Achieving economic growth and technological progress, social development, peace, justice, environmental protection, inclusion and prosperity represent the main areas to achieve social change. Furthermore, the circular economy is capable of improving the efficiency of products and resources, and can contribute to this social change, but there is a gap in the literature regarding whether the orientation of the companies in their circular economy strategy can lead to the achievement of the sustainable development goals. The objective of this study is to develop an initial circular economy-sustainable development goals (CE-SDGs) framework that considers the circular economy as the precedent and sustainable development goals as a consequence of implementing a circular economy. With respect to the methodology, the literature linking the relationship between the circular economy and sustainable development goals was reviewed first. A Structural Equation Model with the Partial Least Squares technique was also employed, analyzing two complementary models in enterprises involved in the Social Economy in the Autonomous Community of Extremadura (Spain). Regarding the results obtained, a link has been observed between professional profiles and training in people-oriented activities. The same does not occur for activities oriented toward the planet. Moreover, the existence of corporate reports that obtain data on circular activities is crucial to achieving orientation toward the sustainable development goals, for activities oriented toward both people and the planet. Finally, the results confirm that the existence of barriers and incentives determines the observed results, being aware that the lack of specialized training in human resources always has a significant incidence. Using resource and capability and dynamic capabilities theories, this study contributes with an initial framework by joining two lines of research and analyzing the CE-SDGs link in SE enterprises. Future research and empirical validations could contribute more deeply to the literature. As key recommendations, social economy managers must be committed to introducing circular economy practices to achieve people- and planet-oriented objectives, being proactive in fostering CE-SDGs frameworks.

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Trust as a determinant of social welfare in the digital economy

Shah,

Shah

2024

Soc. Netw. Anal. Min.

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Trust plays a critical role in determining social welfare in the digital economy and has significant socioeconomic implications. To investigate the relationship between trust and social welfare in this context, we developed a social welfare function that accurately quantifies the positive impact of the digital economy. Employing a Markov analysis framework, we modelled trust as a variable that evolves based on the agent's interactions with the system, characterizing the system's dynamic behaviour as a series of probabilistic transitions between states. We ran multiple simulations to gather a significant sample of possible outcomes and analyzed the statistical correlation between trust and social welfare. We used the time it takes for the digital economy to converge towards the non-digital economy as a metric to compare the performance of the separate economies. We controlled for other factors influencing social welfare, such as the number of transactions and market competition levels. We compared the actual outcomes of the simulation study with our theoretical predictions. Results indicate a significant impact of trust in maximising social welfare by achieving a steady state in fewer iterations for a developed digital economy. The socioeconomic benefits of trust are more visible in a digital than in a non-digital economy. Technological progress or innovation is crucial to attaining responsible consumption and production patterns. The digital economy's sustainability hinges on trust, which policymakers must prioritize in light of trust erosion. An inclusive approach considering cultural and socioeconomic factors is required to increase public trust in institutions and government. Policymakers may consider measures such as enhancing data privacy, promoting digital literacy, and developing effective legal frameworks that support trust-building. By prioritizing these areas, policymakers can build a more sustainable and equitable digital economy that maximizes social welfare.

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Responsible consumption choices and individual values: an algebraic interactive approach

Cited by 6 publications

References 36 publications

Economic integration of Germany with EU through Effective implementation of Public Private Partnership

Economic integration of Germany with EU through Effective implementation of Public Private Partnership

How does the circular economy achieve social change? Assessment in terms of sustainable development goals

Trust as a determinant of social welfare in the digital economy

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