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A Sectoral Perspective on the Sharing Economy’s Development

Author

Listed:
  • Navickas Valentinas

    (Kaunas University of Technology, School of Economics and Business, Lithuania; Lithuania Business College, Lithuania)

  • Petrokė Ieva

    (Kaunas University of Technology, School of Economics and Business, Lithuania)

  • Bilan Yuriy

    (Bioeconomy Research Institute Vytautas Magnus university Lithuania)

Abstract

Research background The sharing economy has experienced significant growth over the past decade. This phenomenon has introduced a new way of consuming services and goods. Nevertheless, while its benefits have been extensively studied, there is a limited understanding of its implications across various sectors. Purpose This study examines the potential of the sharing economy model and its application in different economic sectors. It seeks to understand the dynamics of each sector and provide a comprehensive view of the sharing economy’s landscape from a sectoral perspective. Research methodology An expert survey approach was adopted for this study. Twelve experts with more than four years of experience and significant influence in different economic sectors were interviewed. Results The results showed that the sharing economy model is seen as an important factor with a high potential to change traditional business models, especially in the research and knowledge sector. Novelty This research is among the first to take a sectoral perspective on the sharing economy’s development. By examining its implications across different sectors, this study offers a holistic view of the sharing economy, moving beyond the often singular focus on specific platforms. The insights derived from the research can inform policymakers, industry leaders, and entrepreneurs about the potential trajectories and considerations for the sharing economy in diverse sectors.

Suggested Citation

  • Navickas Valentinas & Petrokė Ieva & Bilan Yuriy, 2024. "A Sectoral Perspective on the Sharing Economy’s Development," Folia Oeconomica Stetinensia, Sciendo, vol. 24(2), pages 202-228.
    • Handle: RePEc:vrs:foeste:v:24:y:2024:i:2:p:202-228:n:1011
    DOI: 10.2478/foli-2024-0023
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    References listed on IDEAS

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    4. Sundararajan, Arun, 2016. "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262034573, December.
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    More about this item

    Keywords

    development; digital platforms; digital transformation; economic sectors; sharing economy;
    All these keywords.

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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