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Submit a Manuscript to the Journal
Economic Research-Ekonomska Istraživanja

For a Special Issue on
Ecological Innovation and Sustainability: A Pathway to Green Revolution

Manuscript deadline
30 September 2022

Cover image - Economic Research-Ekonomska Istraživanja

Special Issue Editor(s)

Ilhan Ozturk, Cag University, Turkey
[email protected]

Arshian Sharif, Sunway University, Malaysia
[email protected]

Asif Razzaq, Dalian University of Technology, Dalian, P.R. China
[email protected]

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Ecological Innovation and Sustainability: A Pathway to Green Revolution

Technology Innovation is primarily done to transform towards modernization or to improve the efficiency and productivity of the existing operations. In recent times, innovation is assumed to be ascertained when it is technology-driven which should not reap the economic benefits only but also ensure to meet the social requirements and expectations. Additionally, integration of the environment friendliness expands the scope of Technological Innovation towards Green Innovation which are made for the financial and non-financial benefits and wellbeing of the society along with the stakeholders. Therefore, the economic as well as ecological and social prosperity of the individuals and the society as a whole, are the areas that are being debated among the practitioners and policymakers these days.

The behavior and the subsequent response of any economy is so much complex and multifarious that when an economy strives to induce an aspect with the ambition to have an improvement in one area, it tends to disturb and intrude on the other related area which makes the job of the policymakers extremely difficult and hence demands to be vigilant, confident and cautious which shortlisting any of the alternatives from the pool of the available course of actions. For instance, a development in the economy is only possible when its engine in being fueled by energy however such consumption of energy tends to deteriorate the quality of the environment, which demands and urges the policymakers to reach the conclusive and optimum solution to this problem. The same goes with the other potential solutions as well where each solution has both positive and destructive sides whereas the implementation of the decision should be made based on the dominance of the positivity and the related minimal counter fires.

Therefore, technological innovation emerged as the solution which can transform the existing operations of the companies towards the philosophies of Triple Bottom Line, as well as it can assist the organizations to have innovative production and manufacturing procedures which assist them to cope up the sustainability in accordance with the 17 United Nations (2015) proposed sustainable development goals (SDGs). Despite the technology innovation’s potential to serve as the solution for sustainability, it is a package that comes with various challenges, hindrances, barriers, and spillovers. For instance, the cost of technology especially for the developing and low-income economies is too dear to be affordable. These economies are majorly driven by economic growth and used to have high dependencies on fossil fuels which though powered the engine of the economy but it also has a spillover effect on environmental health and wellbeing.

Moreover, it is noticed that European countries are found at the deficit when it comes to the labour supply, hence for them to have technology and digitization can be a sustainable solution, however, this solution can enlarge the disparity between job opportunities and unemployment whereas it will worsen the accomplishment of the social aspect of sustainable objectives like SDG-1, SDG-2, SDG-8, SDG-10 and so on. In addition to this, information communication technology could be the source of reduction to the asymmetry of the information as it fosters and accelerates the access the health, education and capability of responsiveness of the businesses however, for the acceptance of this among the people and the society there could be a resistance which is due to the level of awareness and education.

As the Technological Innovation and Green Innovation is beneficial for the environment and economy whereas it could temper the progress made for improving the wellbeing of the social aspects, therefore in the light of the aforementioned discussion, this special issue is the proposition for which the researches will be invited that revolves around the themes predominately related to the Issues and Challenges faced in implementing and adopting the technological innovation and Green Innovation for the betterment and wellbeing of society and environment along with the accomplishment of SDGs. The scope of the special issue will cover, but not limited to, the studies using primary and secondary data with novel estimations methods/techniques including time series, cross-sectional and panel discussing the following sub-themes:

  • The role of technology innovation and/or green innovation for environmental, social and economic wellbeing.
  • Green technology innovation, society and environment.
  • Institutional support and technology innovation and/or green innovation.
  • Green Financing and Investments for technology innovation and/or green innovation.
  • Research and Development for technology innovation and/or green innovation.
  • Clean and Green technologies for social, environmental and economic wellbeing.
  • Industrial Revolution 4.0 with technology innovation and/or green innovation.
  • Stakeholders’ collaboration for technology innovation and/or green innovation.
  • Technology innovation and/or green innovation for SDGs.
  • Socio-economic indicators with technology innovation and/or green innovation.
  • Skilled labour for technology innovation and/or green innovation.
  • Technology innovation and/or green innovation and unemployment.
  • Carbon Neutrality through technology innovation and/or green innovation.
  • Technology innovation and/or green innovation in Supply Chain operations.
  • Technology innovation and/or green innovation with Sustainable Practices.
  • Economic Complexity with technology innovation and/or green innovation.

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