IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i24p11189-d1548360.html

Economic Transformation: A Systematic Literature Review

Author

Listed:
  • Agus Harimurti Yudhoyono

    (Postgraduate School, Universitas Airlangga, Surabaya 60115, Indonesia)

  • Fendy Suhariadi

    (Postgraduate School, Universitas Airlangga, Surabaya 60115, Indonesia)

  • Elisabeth Supriharyanti

    (Faculty of Business, Universitas Katolik Widya Mandala Surabaya, Surabaya 60265, Indonesia)

  • Zulkifli Nurul Haqq

    (Center for Dynamic Capability, Universitas Airlangga, Surabaya 60115, Indonesia)

Abstract

This study aimed to systematically review the economic transformation (ET) literature to integrate fragmented insights, offer a comprehensive overview, and identify avenues for future research. Employing the systematic review methodology outlined by Tranfield et al. (2003), this study reviewed 39 relevant articles from the Scopus database, covering the period from 1945 to 2022. Our findings highlight diverse definitions of ET and reveal its paradoxical lens. The review also identifies key contributing factors, such as governance, leadership, human resources, and outcomes, including green economic growth, sectoral development, and global position. Finally, this study offers empirical, theoretical, and methodological contributions to further research and development.

Suggested Citation

  • Agus Harimurti Yudhoyono & Fendy Suhariadi & Elisabeth Supriharyanti & Zulkifli Nurul Haqq, 2024. "Economic Transformation: A Systematic Literature Review," Sustainability, MDPI, vol. 16(24), pages 1-16, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:24:p:11189-:d:1548360
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/24/11189/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/24/11189/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fujita, Masahisa & Krugman, Paul, 1995. "When is the economy monocentric?: von Thunen and Chamberlin unified," Regional Science and Urban Economics, Elsevier, vol. 25(4), pages 505-528, August.
    2. Justin Yifu Lin, 2017. "Industrial policies for avoiding the middle-income trap: a new structural economics perspective," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(1), pages 5-18, January.
    3. N R Bhanumurthy, 2014. "Recent Downturn in Emerging Economies and Macroeconomic Implications for Sustainable Development: A case of India," Working Papers 137, United Nations, Department of Economics and Social Affairs.
    4. Jonathan Schad & Pratima Bansal, 2018. "Seeing the Forest and the Trees: How a Systems Perspective Informs Paradox Research," Journal of Management Studies, Wiley Blackwell, vol. 55(8), pages 1490-1506, December.
    5. Laurids S. Lauridsen, 2014. "Governance and Economic Transformation in Taiwan: The Role of Politics," Development Policy Review, Overseas Development Institute, vol. 32(4), pages 427-448, July.
    6. Arild Vatn & Daniel Bromley, 1997. "Externalities — A market model failure," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(2), pages 135-151, March.
    7. Kang, Kenneth & Ramachandran, Vijaya, 1999. "Economic Transformation in Korea: Rapid Growth without an Agricultural Revolution?," Economic Development and Cultural Change, University of Chicago Press, vol. 47(4), pages 783-801, July.
    8. Alan V Deardorff, 2011. "How Robust is Comparative Advantage?," World Scientific Book Chapters, in: Robert M Stern (ed.), Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff, chapter 17, pages 183-195, World Scientific Publishing Co. Pte. Ltd..
    9. James L. Dietz, 1980. "Dependency Theory: A Review Article," Journal of Economic Issues, Taylor & Francis Journals, vol. 14(3), pages 751-758, September.
    10. Zhang, Xiaobo & Hu, Dinghuan, 2014. "Overcoming Successive Bottlenecks: The Evolution of a Potato Cluster in China," World Development, Elsevier, vol. 63(C), pages 102-112.
    11. Federica Pascucci & Chiara Ancillai & Silvio Cardinali, 2018. "Exploring antecedents of social media usage in B2B: a systematic review," Management Research Review, Emerald Group Publishing Limited, vol. 41(6), pages 629-656, March.
    12. Fumitaka Furuoka & Mikio Oishi & Mohd Aminul Karim, 2016. "Military expenditure and economic development in China: an empirical inquiry," Defence and Peace Economics, Taylor & Francis Journals, vol. 27(1), pages 137-160, February.
    13. Leutert, Wendy, 2021. "Innovation through iteration: Policy feedback loops in China’s economic reform," World Development, Elsevier, vol. 138(C).
    14. Min-Hua Chiang & Bernard Gerbier, 2010. "Foreign factors in Taiwan's economic transformation," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(2), pages 148-165.
    15. Shigehisa Kasahara, 2013. "The Asian Developmental State And The Flying Geese Paradigm," UNCTAD Discussion Papers 213, United Nations Conference on Trade and Development.
    16. Vivek H. Dehejia, 1996. "Shock Therapy vs. Gradualism: A Neoclassical Perspective," Eastern Economic Journal, Eastern Economic Association, vol. 22(4), pages 425-431, Fall.
    17. Chamon, Marcos & Kremer, Michael, 2009. "Economic transformation, population growth and the long-run world income distribution," Journal of International Economics, Elsevier, vol. 79(1), pages 20-30, September.
    18. Guanghua Wan & Peter J. Morgan & Kyoji Fukao & Tangjun Yuan, 2016. "China's Growth Slowdown: Lessons from Japan's Experience and the Expected Impact on Japan, the USA and Germany," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 24(5), pages 122-146, September.
    19. Larson, James F. & Park, Jaemin, 2014. "From developmental to network state: Government restructuring and ICT-led innovation in Korea," Telecommunications Policy, Elsevier, vol. 38(4), pages 344-359.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Erlina Pipit Indriyani & Fendy Suhariadi & Yetty Dwi Lestari & Ian Firstian Aldhi & Elvia Rahmawati & Dwi Hardaningtyas & Ansar Abbas, 2025. "Sustaining Infrastructure Firm Performance Through Strategic Orientation: Competitive Advantage in Dynamic Environments," Sustainability, MDPI, vol. 17(3), pages 1-27, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tomoya Mori & Daisuke Murakami, 2025. "Sustainability of cities under declining population and decreasing distance frictions: The case of Japan," KIER Working Papers 1117, Kyoto University, Institute of Economic Research.
    2. Elena Lasarte Navamuel & Fernando Rubiera Moroll & Dusan Paredes, 2014. "City size and household food consumption: demand elasticities in Spain," Applied Economics, Taylor & Francis Journals, vol. 46(14), pages 1624-1641, May.
    3. Wignaraja, Ganeshan, 2008. "FDI and Innovation as Drivers of Export Behaviour: Firm-level Evidence from East Asia," MERIT Working Papers 2008-061, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Simone Carmine & Valentina De Marchi, 2023. "Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective," Journal of Business Ethics, Springer, vol. 184(1), pages 139-158, April.
    5. GUILLAIN, Rachel & HURIOT, Jean-Marie, 1999. "How information shapes cities: theory and facts," LATEC - Document de travail - Economie (1991-2003) 1999-05, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
    6. Ade Ria Nirmala & Badri Munir Sukoco & Dian Ekowati & Fiona Niska Dinda Nadia & Yakuttinah Marjan & Uswatun Hasanah, 2024. "Strategies to Overcome Challenges and Seize Opportunities for Born Global SMEs: A Systematic Literature Review," SAGE Open, , vol. 14(4), pages 21582440241, December.
    7. Berliant, Marcus & Wang, Ping, 2008. "Urban growth and subcenter formation: A trolley ride from the Staples Center to Disneyland and the Rose Bowl," Journal of Urban Economics, Elsevier, vol. 63(2), pages 679-693, March.
    8. Behrens, Kristian, 2007. "On the location and lock-in of cities: Geography vs transportation technology," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 22-45, January.
    9. Fujita, Masahisa & Thisse, Jacques-François, 2009. "New Economic Geography: An appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economic Sciences," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 109-119, March.
    10. G Ottaviano & Diego Puga, 1997. "Agglomeration in a global Economy: A Survey," CEP Discussion Papers dp0356, Centre for Economic Performance, LSE.
    11. Ian R. Gordon & Philip McCann, 2000. "Industrial Clusters: Complexes, Agglomeration and/or Social Networks?," Urban Studies, Urban Studies Journal Limited, vol. 37(3), pages 513-532, March.
    12. Gerard Farias & Christine Farias & Isabella Krysa & Joel Harmon, 2020. "Sustainability Mindsets for Strategic Management: Lifting the Yoke of the Neo-Classical Economic Perspective," Sustainability, MDPI, vol. 12(17), pages 1-14, August.
    13. Gilles Duranton, 1997. "La nouvelle économie géographique : agglomération et dispersion," Économie et Prévision, Programme National Persée, vol. 131(5), pages 1-24.
    14. Anderson, Simon P. & de Palma, Andre, 1999. "Reverse discrete choice models," Regional Science and Urban Economics, Elsevier, vol. 29(6), pages 745-764, November.
    15. Yu, Bingxin & Nin-Pratt, Alejandro & Funes, José & Gemessa, Sinafikeh Asrat, 2011. "Cereal production and technology adoption in Ethiopia," ESSP working papers 31, International Food Policy Research Institute (IFPRI).
    16. Al-Atwi, Amer Ali & Amankwah-Amoah, Joseph & Khan, Zaheer, 2021. "Micro-foundations of organizational design and sustainability: The mediating role of learning ambidexterity," International Business Review, Elsevier, vol. 30(1).
    17. Pflüger, Michael & Tabuchi, Takatoshi, 2010. "The size of regions with land use for production," Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 481-489, November.
    18. Xiangchun Lu & Komei Sasaki, 2008. "Urbanization process and land use policy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 769-786, December.
    19. Cabral, René & García-Díaz, Rocío & Mollick, André Varella, 2016. "Does globalization affect top income inequality?," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 916-940.
    20. Zhao, Qiuyun & Liu, Fan & Liu, Zhenhai & Zheng, Jie, 2024. "Transforming capital: The role of human capital structure in modulating environmental outcomes across economic transitions," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 398-412.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:24:p:11189-:d:1548360. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.