The sustainability transition and the digital transformation: two challenges for agent-based macroeconomic models

Nieddu, Marcello; Bertani, Filippo; Ponta, Linda

doi:10.1007/s43253-021-00060-5

Cited by 9 publications

(5 citation statements)

References 83 publications

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“…Sustainability can generally be seen as the ability of a complex organization to perpetuate itself [20] by integrating the economic, social, and environmental dimensions [21]. In the specific context of modern manufacturing, this implies the adoption of digitizationbased operational best practices to achieve an equilibrium where inputs are consumed as intensively as they can be regenerated [22]. Therefore, in order to achieve sustainable production, it is important to integrate product design with production planning to optimize resource use and to reduce environmental impact, energy consumption, emissions, and waste generation.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Driving Manufacturing Companies toward Industry 5.0: A Strategic Framework for Process Technological Sustainability Assessment (P-TSA)

Vacchi,

Siligardi,

Settembre-Blundo

2024

Sustainability

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This study explores the complex nexus between technological innovation, Industry 4.0′s transformative paradigm, and the emerging concept of Industry 5.0, highlighting the critical role of integrating sustainability into factories to enhance organizational competitiveness. In this context, confusion arises between the terms “sustainable technologies” and “technological sustainability” due to two factors: the misuse of the terms as synonyms and the misattribution of conceptual meaning to each term. To clarify this ambiguity, this study validates a conceptual framework for technological sustainability by examining the processes of a ceramic manufacturing company. This assessment highlights the potential of technological sustainability and its associated measurement model to facilitate the transition from Industry 4.0 to Industry 5.0. This research provides fundamental insights into technological sustainability and serves as a guide for future empirical efforts aimed at achieving a balanced and sustainable integration of technology into manufacturing practices.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Driving Manufacturing Companies toward Industry 5.0: A Strategic Framework for Process Technological Sustainability Assessment (P-TSA)

Vacchi,

Siligardi,

Settembre-Blundo

2024

Sustainability

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“…According to the mainstream approach, the researchers applied a digital transformation to the digitization transition experienced in company processes. However, parallel to the significant macroeconomic effects of Industry 4.0, the terminology can also be applied to the entire macroeconomics of [11,12].…”

Section: The Role and Importance Of Digital Transitionmentioning

confidence: 99%

The relationship between digital development and economic growth in the European Union

Török

2024

IRASE

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Numerous studies have proven that digital development positively affects economic growth. This study aims to confirm or refute the positive impact of digital evolution on economic growth by applying the dimensions of the International Digital Economy and Society Index (I-DESI). The analysis refers to the period 2015–2020 of the European Union member states. The study's novelty is that the I-DESI index has yet to be used in research to investigate the relationship between the digital transition and GDP production. The present study, therefore, goes one step further than the previous typical DESI-GDP models. The research uses Pearson correlation and F-statistic analysis to show the relationship between the variables. The study confirms that digital development has positively impacted the economic growth of EU member states. This result was confirmed by both Pearson and Spearman correlation. However, the results are ambivalent. The empirical results indicate that the more digitally developed member countries had a higher GDP per capita. However, the positive effect is different. The results confirm that the development of digitalization and GDP increased more dynamically in the more digitally developed EU member states than in the less developed member states. Therefore, an increase in the backwardness of the less developed member countries and not a catch-up can be observed in the period under review.

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“…Furthermore, climate risks can accelerate the digital transformation process in regions, subsequently increasing the demand for and investment in education. Numerous studies have examined the impact of climate risks on local digital transformation (Jan et al, 2018;Nieddu et al, 2022). Local governments can leverage digital technologies such as artificial intelligence, big data, the Internet of Things, and cloud computing to improve the measurement, control, and management of environmental variables, like greenhouse gas emissions.…”

Section: Hypothesismentioning

confidence: 99%

Regional climate risks and government education expenditure: evidence from China

Gao,

Rong,

Cao

et al. 2024

Front. Energy Res.

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Faced with the impact of climate risks, what responses do local governments make, particularly in the domain of social public policy? This study uses provincial panel data from China from 2009 to 2020 to investigate how climate risks affect local government education expenditure and its mechanisms. Analysis using spatial econometric models reveals the following. First, local climate risks significantly increase government education expenditure. This conclusion remains consistent across different proxy variables, model specifications, and estimation methods. Additionally, there is a spatial dependency on local government education expenditure, meaning that educational spending in neighboring areas positively influences the education expenditure of a specific location. Second, further mechanism analysis shows that climate risks lead to credit easing and drive the digital economic transformation of a location, thereby increasing its education expenditure. Third, considering the heterogeneity in the spatial dimension, it is found that this positive impetus exists only in the economically more developed eastern region. This study provides insights into understanding how the Chinese government responds to the impact of climate risks and its fiscal policy choices.

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The sustainability transition and the digital transformation: two challenges for agent-based macroeconomic models

Cited by 9 publications

References 83 publications

Driving Manufacturing Companies toward Industry 5.0: A Strategic Framework for Process Technological Sustainability Assessment (P-TSA)

Driving Manufacturing Companies toward Industry 5.0: A Strategic Framework for Process Technological Sustainability Assessment (P-TSA)

The relationship between digital development and economic growth in the European Union

Regional climate risks and government education expenditure: evidence from China

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