IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v5y2018i3p412-437.html
   My bibliography  Save this article

Influence of existing social and economic interactions on sustainable territory development: the case of Iceland

Author

Listed:
  • Vera Komarova

    (Daugavpils University, Latvia)

  • Jelena Lonska

    (Rezekne Academy of Technologies, Latvia)

  • Olga Lavrinenko

    (Daugavpils University, Latvia)

  • Vladimir Menshikov

    (Daugavpils University, Latvia)

Abstract

Iceland was identified as a typical country with relatively high achieved competitiveness level and at the same time negative growth capacity - so, with eroded sustainability of territory development. As a research hypothesis the authors suggest that Iceland's social and economic interactions with other "worlds-economies" are not diversified enough. The analysis of export/import and international migration flows of Iceland shows that a market-capitalist "world-economy" is an absolute leader (80-90%) for Icelandic international trade and migration. Analysis of air logistical interconnections shows that a kind of sub-"world-economy" is formed which can be referred to as a Northern-Atlantic one. As results of regression analysis show social and economic interactions with the representatives of its own "world-economy" mainly draw Iceland’s sustainable territory development in their direction, and, as the trends of their development are negative or stagnate (USA and Spain), Iceland’s trend of sustainable territory development is also drawn after them. In its turn, rather infrequent social and economic interactions with other "worlds-economies" either do not influence significantly Iceland’s sustainable territory development (as interactions with Brazil do) or influence in the opposite way (as interactions with China do). Therefore, the practical efficiency of recommendation of Human Development Report 2013 to interact more actively with other "worlds-economies" is not so far proved in social and economic reality - at least, in the case with Iceland as a typical highly-developed capitalist country.

Suggested Citation

  • Vera Komarova & Jelena Lonska & Olga Lavrinenko & Vladimir Menshikov, 2018. "Influence of existing social and economic interactions on sustainable territory development: the case of Iceland," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(3), pages 412-437, March.
    • Handle: RePEc:ssi:jouesi:v:5:y:2018:i:3:p:412-437
    DOI: 10.9770/jesi.2018.5.3(1)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/19/Komarova_Influence_of_existing_social_and_economic_interactions_on_sustainable_territory_development_the_case_of_Iceland.pdf
    Download Restriction: no
    File URL: https://jssidoi.org/jesi/article/157
    Download Restriction: no
    File URL: https://libkey.io/10.9770/jesi.2018.5.3(1)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. James P. Lesage, 2008. "An Introduction to Spatial Econometrics," Revue d'économie industrielle, De Boeck Université, vol. 0(3), pages 19-44.
    2. Aivars Stankevičs & Svetlana Ignatjeva & Vladimirs Meņšikovs, 2014. "Higher Education’S Contribution Into Economic Performance And Innovativeness Of Latvia: Exploratory Research," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(202), pages 7-42, July – Se.
    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. V.Yu. Chernova & Z.G. Golodova & E.A. Degtereva & A.M. Zobov & V.S. Starostin, 2018. "Transregional Coordination of Modernization Processes in Implementation of Import-substituting Policy in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 887-898.
    2. Dana Kiseľáková & Beáta Šofranková & Miroslav Gombár & Veronika Čabinová & Erika Onuferová, 2019. "Competitiveness and Its Impact on Sustainability, Business Environment, and Human Development of EU (28) Countries in terms of Global Multi-Criteria Indices," Sustainability, MDPI, vol. 11(12), pages 1-25, June.

    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. Gallaher, Adam & Graziano, Marcello & Fiaschetti, Maurizio, 2021. "Legacy and shockwaves: A spatial analysis of strengthening resilience of the power grid in Connecticut," Energy Policy, Elsevier, vol. 159(C).
    2. Shimei Wu & Haotian Zhang, 2022. "The existence and mechanism of the domestic pollution haven hypothesis: evidence from 265 cities in China," Letters in Spatial and Resource Sciences, Springer, vol. 15(3), pages 287-310, December.
    3. Lei Ding & Xuejuan Fang, 2022. "Spatial–temporal distribution of air-pollution-intensive industries and its social-economic driving mechanism in Zhejiang Province, China: a framework of spatial econometric analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(2), pages 1681-1712, February.
    4. Liene Leikuma-Rimicane & Vera Komarova & Jelena Lonska & Natalya Selivanova-Fyodorova & Inta Ostrovska, 2021. "The role of talent in the economic development of countries in the modern world," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(2), pages 488-507, December.
    5. Irene Brunetti & Davide fiaschi & Lisa Gianmoena, 2013. "An Index of Growth Rate Volatility: Methodology and an Application to European Regions," Discussion Papers 2013/169, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    6. Sangwan Lee & Liming Wang, 2022. "Intermediate Effect of the COVID-19 Pandemic on Prices of Housing near Light Rail Transit: A Case Study of the Portland Metropolitan Area," Sustainability, MDPI, vol. 14(15), pages 1-17, July.
    7. Huang, Danyang & Wang, Feifei & Zhu, Xuening & Wang, Hansheng, 2020. "Two-mode network autoregressive model for large-scale networks," Journal of Econometrics, Elsevier, vol. 216(1), pages 203-219.
    8. Jenn, Alan & Azevedo, Inês L. & Ferreira, Pedro, 2013. "The impact of federal incentives on the adoption of hybrid electric vehicles in the United States," Energy Economics, Elsevier, vol. 40(C), pages 936-942.
    9. Yao Zhang & Taoyuan Wei & Wentao Tian & Kai Zhao, 2022. "Spatiotemporal Differentiation and Driving Mechanism of Coupling Coordination between New-Type Urbanization and Ecological Environment in China," Sustainability, MDPI, vol. 14(18), pages 1-19, September.
    10. Yanhao Max Wei, 2020. "The Similarity Network of Motion Pictures," Management Science, INFORMS, vol. 66(4), pages 1647-1671, April.
    11. Blasques, Francisco & Koopman, Siem Jan & Lucas, Andre & Schaumburg, Julia, 2016. "Spillover dynamics for systemic risk measurement using spatial financial time series models," Journal of Econometrics, Elsevier, vol. 195(2), pages 211-223.
    12. Martinetti, Davide & Geniaux, Ghislain, 2017. "Approximate likelihood estimation of spatial probit models," Regional Science and Urban Economics, Elsevier, vol. 64(C), pages 30-45.
    13. James P. LeSage & Manfred M. Fischer, 2016. "Spatial Regression-Based Model Specifications for Exogenous and Endogenous Spatial Interaction," Advances in Spatial Science, in: Roberto Patuelli & Giuseppe Arbia (ed.), Spatial Econometric Interaction Modelling, chapter 0, pages 15-36, Springer.
    14. Dustin T. Duncan & DeMarc A. Hickson & William C. Goedel & Denton Callander & Brandon Brooks & Yen-Tyng Chen & Hillary Hanson & Rebecca Eavou & Aditya S. Khanna & Basile Chaix & Seann D. Regan & Darre, 2019. "The Social Context of HIV Prevention and Care among Black Men Who Have Sex with Men in Three U.S. Cities: The Neighborhoods and Networks (N2) Cohort Study," IJERPH, MDPI, vol. 16(11), pages 1-24, May.
    15. Loïc Lévi & Jean Jacques Nowak & Sylvain Petit & Hakim Hammadou, 2022. "Industrial legacy and hotel pricing: An application of spatial hedonic pricing analysis in Nord-Pas-de-Calais, France," Tourism Economics, , vol. 28(4), pages 870-898, June.
    16. Alivon, Fanny & Guillain, Rachel, 2018. "Urban segregation and unemployment: A case study of the urban area of Marseille – Aix-en-Provence (France)," Regional Science and Urban Economics, Elsevier, vol. 72(C), pages 143-155.
    17. Dongwu Wu & Linlin Wu & Yongbo Ye, 2022. "RETRACTED ARTICLE: Industrial structure optimization, economic development factors and regional economic risk prevention in post COVID-19 period: empirical analysis based on panel data of Guangdong re," Journal of Combinatorial Optimization, Springer, vol. 44(5), pages 3735-3777, December.
    18. Xueqian Song & Yongping Wei & Wei Deng & Shaoyao Zhang & Peng Zhou & Ying Liu & Jiangjun Wan, 2019. "Spatio-Temporal Distribution, Spillover Effects and Influences of China’s Two Levels of Public Healthcare Resources," IJERPH, MDPI, vol. 16(4), pages 1-18, February.
    19. Junjie Cao & Yao Zhang & Taoyuan Wei & Hui Sun, 2021. "Temporal–Spatial Evolution and Influencing Factors of Coordinated Development of the Population, Resources, Economy and Environment (PREE) System: Evidence from 31 Provinces in China," IJERPH, MDPI, vol. 18(24), pages 1-22, December.
    20. Evgeniy Korshenkov & Sergey Ignatyev, 2020. "Empirical interpretation and measurement of the productivity and efficiency of regions: the case of Latvia," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 2(2), pages 549-561, June.

    More about this item

    Keywords

    sustainable territory development; spatial economics; social and economic interactions; Iceland; worlds-economies;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

    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:ssi:jouesi:v:5:y:2018:i:3:p:412-437. 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: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    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.