The Coupling and Coordination Degree of Digital Business and Digital Governance in the Context of Sustainable Development

Abstract

The inexorable march of technological advancement, particularly within the digital domain, continues to exert a profound influence on global economies, societies, and governance frameworks. This paper delves into the intricate coordination between digital business and digital governance against the backdrop of sustainable development. By introducing an index system to gauge the levels of digital business and governance, this study assesses their coupling coordination using a coupling coordination model. Through this level of coordination, this paper assesses their respective contributions to the sustainable development objectives of EU countries through panel-corrected standard error (PCSE) estimates. The paper’s findings underscore several key conclusions: (1) Notable upswings are evident in the composite indices for digital business and digital governance growth. Among these, the index of digital business has demonstrated the most pronounced surge. Furthermore, digital business has experienced a distinct upward trajectory in recent years. (2) Although observable, the rise of the coupling degree is restrained, with an overall coupling degree that remains relatively low. The coupling progression has transitioned from a stage of low-degree coupling to that of primary coupling, with EU countries demonstrating fluctuating rising trends in their coupling degrees, marked by conspicuous regional disparities. (3) Over the examined period, the extent of coordination between digital business and digital governance substantially impacts the Sustainable Development Goals (SDG) index. Focusing on the interplay and harmonization between digital business and governance offers a novel pathway toward attaining the objectives of the Sustainable Development Goals.

Mapping Global Research on Green Energy and Green Investment: A Comprehensive Bibliometric Study

“…It should be noted that scholars [120][121][122] have underlined the necessity of restructuring the available infrastructure and management systems [123][124][125][126] and enhancing green knowledge and competencies. In the aftermath of 2022, the research trajectory expanded further to encompass pressing issues integral to sustainable development [127,128]. Green investment became a prominent theme, highlighting the importance of financial strategies aligning with environmentally conscious initiatives [129][130][131][132][133][134].…”

Digitalization and Energy in Attaining Sustainable Development: Impact on Energy Consumption, Energy Structure, and Energy Intensity

“…The integration of digital technologies often leads to a reduction in energy consumption [24][25][26][27][28][29][30], offering opportunities for sustainability and resource optimization [26][27][28][29][30]. Additionally, it can foster innovation, provide novel solutions to environmental challenges, and contribute to the development of cleaner, more sustainable technologies [31][32][33][34]. However, it is crucial to acknowledge the potential negative repercussions of digitalization, especially concerning its impact on the environment [35][36][37][38].…”