Received:
2017-03-16 | Accepted:
2017-11-20 | Published:
2018-03-30
Title
Influence of existing social and economic interactions on sustainable territory development: the case of Iceland
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.
Keywords
sustainable territory development, spatial economics, social and economic interactions, Iceland, worlds-economies
JEL classifications
O11
, O18
, R58
URI
http://jssidoi.org/jesi/article/157
DOI
HAL
Pages
412-437
Funding
The research leading to these results has received funding from the European Union Seventh Framework Programme (FP7 2007-2013) under grant agreement No. 291823 Marie Curie FP7-PEOPLE-2011-COFUND (The new International Fellowship Mobility Programme for Experienced Researchers in Croatia - NEWFELPRO). This article has been worked out as a part of the project "Rethinking Territory Development in Global Comparative Researches (Rethink Development)" which has received funding through NEWFELPRO project under grant agreement No. 10
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
References
Anselin, L. 1988. Spatial Econometrics, Methods and Models. Boston: Kluwer Academic Publishing. http://www.csiss.org/GISPopSci/workshops/2009/UCSB/readings/Anselin1988.pdf
Search via ReFindit
Anselin, L. 2003. Spatial Externalities, Spatial Multipliers and Spatial Econometrics, International Regional Science Review, 26: 153–166. http://web.pdx.edu/~crkl/SEAUG/papers/Anselin_IRSR_2003.pdf
Search via ReFindit
Azamatova, R., Shadova, Z.,Shorova, B. 2017. Economic security and international relations in the European Union, Journal of Security and Sustainability Issues, 6(4): 711–718. https://doi.org/10.9770/jssi.2017.6.4(15)
Search via ReFindit
Barry, F. 2014. Diversifying External Linkages: The Exercise of Irish Economic Sovereignty in Long-Term Perspective, IIIS Discussion Paper, No. 448. https://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp448.pdf
Search via ReFindit
Benediktsson, K., Karlsdottir, A. 2011. Iceland: Crisis and Regional Development. Thanks for All the Fish? European Urban and Regional Studies, 18(2): 228–235. https://doi.org/10.1177/0969776411402282
Search via ReFindit
Boronenko, V. 2007. Klasteru pieeja region attīstībai zināšanu ekonomikā [Cluster Approach for Regional Development in Knowledge Economy].Daugavpils: DU publishing house "Saule"
Search via ReFindit
Boronenko, V. 2009. The Role of Clusters in the Development of Regional Competitiveness. Jelgava: LUA Faculty of Economics. http://llufb.llu.lv/conference/economic_science_rural/2009/ESRD_19-2009.pdf
Search via ReFindit
Boronenko, V. 2014. Role of Clusters in Regional Competitiveness. LAMBERT Academic Publishing. https://click-knighki.ga/54868-the-role-of-clusters-in-regional-competitiveness/
Search via ReFindit
Boronenko, V., Drezgic, S. 2014. Economic Determinants of Territory Competitiveness and Development Sustainability, Social Sciences Bulletin, 19(2): 44-67 https://du.lv/wpcontent/uploads/2016/05/DU_Ekonomika_2014_2015.pdf
Search via ReFindit
Boronenko, V., Lavrinenko, O. 2016. Role of Social and Economic Interactionsin Territory Development of Iceland,Gecomplexity Discussion Paper series. http://econpapers.repec.org/paper/cstwpaper/
Search via ReFindit
Boronenko, V., Mensikovs, V., Lonska, J., Ohotina, A. 2015. Rethinking Territory Development in the Global World Based on the Pluralistic Paradigm, Proceedings of the 10th International Scientific Conference “Economic Integrations, Competition and Cooperation”, 211-228.
Search via ReFindit
Boyer, R. 2009. Srednevekovaja Islandija [Medieval Iceland]. Moscow: Veche.
Search via ReFindit
Braudel, F. 1967. Civilization and Capitalism, 15th–18th Centuries. Translated by Sian Reynolds S. 1979. 3 vols. Berkeley: University of California Press. https://www.goodreads.com/book/show/762098.Civilization_and_Capitalism_15th_18th_Century_Vol_2
Search via ReFindit
Cihelkova, E., Nguyen, H., Wozhniakova, M., Strakova, R. 2017. The EU-China comprehensive strategic partnership in context of EU general concept of the “Strategic Partnership”, Journal of Security and Sustainability Issues, 6(4): 729-744. https://doi.org/10.9770/jssi.2017.6.4(17)
Search via ReFindit
Delyagin, М. 2015. World is Broken: Russia and China Have to Create a New One. Available on the Internet http://svpressa.ru/politic/article/121275/?rss_mirtesen=1
Search via ReFindit
Dubrova T. A. Statisticheskie metody prognozirovaniya [Statistical Methods of Fore- casting]. Moscow, Yuniti-Dana Publ., 2003.
Search via ReFindit
Efremenko, D.V., Meleshkina, E.Y. 2014. Teoriya modernizaciyi o putyah socialyno-ekonomicheskogo razvitiya [Theory of Modernization about Paths of Social and Economic Development], Sotsiologicheskie issledovaniya [Sociological Researches], 6: 3-12. > http://socis.isras.ru/files/File/2014/2014_6/Efremenko.pdf
Search via ReFindit
Eggertsson, T. 2006. On the Survival of Imperfect Institutions, Revista Análisis Económico, 21(2): 13-24. https://www.researchgate.net/publication/5115446
Search via ReFindit
Elhorst, P. 2014. Spatial Econometrics: From Cross-Sectional Data to Spatial Panels. London: Springer. http://www.springer.com/gp/book/9783642403392
Search via ReFindit
Fotheringham, A.S., Brunsdon, C., Charlton, M.E. 2000. Quantitative Geography: Perspectives on Spatial Data Analysis.Thousand Oaks, CA: Sage Publishers. (c7b6913a-d7b0-4660-9538-11a117a5d0bf)/export.html https://risweb.st-andrews.ac.uk/portal/en/researchoutput/quantitative-geography-perspectives-on-spatial-data-analysis
Search via ReFindit
Global Footprint Network, Mediterranean Ecological Footprint Initiative. 2016. Why Are Resource Limits Now Undermining Economic Performance? http://www.footprintnetwork.org/images/article_uploads/Med_Policy_Brief_English.pdf
Search via ReFindit
Hall, R. E., Jones, Ch. 1998. Why Do Some Countries Produce So Much More Output per Worker than Others? Quarterly Journal of Economics, 114: 83-116. https://web.stanford.edu/~chadj/HallJonesQJE.pdf
Search via ReFindit
Johannesson, H. 2010a. Large Scale Activities in Small Scale Communities: Experiences from East Iceland. http://www.norden.org/sv/nordiska-ministerraadet/samarbetsministrarna-mr-sam/arktis/kalender/arctic-2013-changing-realities/tal-och-presentationer/hjalti-johannesson-large-scale-activities-in-small-scale-communities
Search via ReFindit
Johannesson, H. 2010b. Megaprojects in the Circumpolar North: Broadening the horizon, gaining insight, empowering local stakeholders – Social impacts: The case of the Kárahnjúkar power plant and Alcoa Fjarðál plant in Iceland. http://library.arcticportal.org/1487/1/Megaprojects_Circumpolar_North_Social-impacts_RHA_appendix_Aug-10.pdf
Search via ReFindit
Johannesson, H., Heidarsson, J.D., Sigurbjarnarson, V. 2010. Social Impact of an Aluminium Plant in East Iceland 2002-2008: Main Findings. http://www.smv.gl/Baggrundsrapporter/Social_impacts_East_Iceland_vs_Maniitsoq_June_2010.pdf
Search via ReFindit
Kirkby, D. 2012. Tiger Economies: The Evolution of Economic Rhetoric, Discussion Papers of the Consultancy Africa Intelligence. http://www.consultancyafrica.com/index.php?option=com_content&view=article&id=1085:tiger-economies-the-evolution-of-economic-rhetoric-&catid=58:asia-dimension-discussion-papers&Itemid=264
Search via ReFindit
Kiva, A.V. 2014. Mechty i realiyi strani BRIK: [Countries of the BRIK: Dreams and Reality], Sociologicheskie issledovaniya [Sociological Researches], 9: 39-49. http://socis.isras.ru/files/File/2014/2014_9/39-49_Kiva.pdf
Search via ReFindit
Kuenne, R.E. 1963. Spatial Economics. In: Kuenne, R.E. ed. The Theory of General Economic Equilibrium, Princeton University Press: 395-454.
Search via ReFindit
Lahart, J., Barta, P., Batson, A. 2008. New Limits to Growth Revive Malthusian Fears, The Wall Street Journal. http://www.wsj.com/articles/SB120613138379155707
Search via ReFindit
Lavrinenko, O., Ohotina, A., Amosova, J., Teivāns-Treinovskis, J. 2017. Intercompany networks of the cross-border region (Latvia-Lithuania-Belarus), Journal of Security and Sustainability Issues, 7(1): 39-54. https://doi.org/10.9770/jssi.2017.7.1(4)
Search via ReFindit
LeSage, J., Pace, R.K. 2009. Introduction to Spatial Econometrics. Taylor & Francis Group, LLC. http://enistat.lecture.ub.ac.id/files/2013/02/James_LeSage_Robert_Kelley_Pace-Introduction_to_Spatial_Econometrics_Statistics___A_Series_of_Textbooks_and_Monographs-Chapman_and_Hall_CRC2009.pdf
Search via ReFindit
LeSage, J.P. 1999. The Theory and Practice of Spatial Econometrics. http://www.spatial-econometrics.com/html/sbook.pdf
Search via ReFindit
Logason, T. 2012. Power Elites &Corruption. Reykjavik: Eva Joly Institute.
Search via ReFindit
Lonska, J. 2014. Assessment of Territorial State of Development in Latvian Regions. Daugavpils: Daugavpils University. https://du.lv/wp-content/uploads/2015/12/Jelenas_Lonskas_kopsavilkums_save.pdf
Search via ReFindit
Lonska, J., Boronenko, V. 2012.Correlation of Objective and Subjective Territorial Development Indices in the World, European Integration Studies, 6. http://www.eis.ktu.lt/index.php/EIS/article/view/1468
Search via ReFindit
Lopez-Claros, A. ed. 2006. The Global Competitiveness Report 2006-2007. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2006-07.pdf
Search via ReFindit
Lopez-Claros, A., Porter, M.E., Schwab, K. eds. 2005. The Global Competitiveness Report 2005-2006: Policies Underpinning Rising Prosperity. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2006-07.pdf
Search via ReFindit
Lopez-Claros, A., Schwab, K. eds. 2007. The Global Competitiveness Report 2007-2008.Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2008-09.pdf
Search via ReFindit
Meadows, D. H., Randers, J., Meadows, D. L. 2004. Limits to Growth: The 30-Year Update. Chelsea Green Publishing Company, White River Junction VT. http://www.peakoilindia.org/wp-content/uploads/2013/10/Limits-to-Growth-updated.pdf
Search via ReFindit
Meadows, D.H., Meadows, D.L., Randers, J., Behrens III, W.W. 1972. The Limits to Growth: A Report to the Club of Rome. Washington: Potomac Associates. http://collections.dartmouth.edu/published-derivatives/meadows/pdf/meadows_ltg-001.pdf
Search via ReFindit
Menshikov, V. et al., 2017. Network capital phenomenon and its possibilities under the influence of development of information and communication technologies. Journal of Security and Sustainability Issues, pp.585–604. https://doi.org/10.9770/jssi.2017.6.4.(5)
Search via ReFindit
Pakholok, O. 2013. The Idea of Healthy Lifestyle and Its Transformation into Health-Oriented Lifestyle in Contemporary Society,SAGE Open, July-September: 1-10. https://doi.org/10.1177/2158244013500281
Search via ReFindit
Schwab, K. ed. 2008. The Global Competitiveness Report 2008-2009. Geneva: World Economic Forum. https://www.weforum.org/reports/global-competitiveness-report-2008-2009
Search via ReFindit
Schwab, K. ed. 2009. The Global Competitiveness Report 2009-2010. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2009-10.pdf
Search via ReFindit
Schwab, K. ed. 2010. The Global Competitiveness Report 2010-2011. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2010-11.pdf
Search via ReFindit
Schwab, K. ed. 2011. The Global Competitiveness Report 2011-2012. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
Search via ReFindit
Schwab, K. ed. 2012. The Global Competitiveness Report 2012-2013. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2012-13.pdf
Search via ReFindit
Schwab, K. ed. 2013. The Global Competitiveness Report 2013-2014. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2013-14.pdf
Search via ReFindit
Schwab, K. ed. 2014. The Global Competitiveness Report 2014-2015. Geneva: World Economic Forum. http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2014-15.pdf
Search via ReFindit
Schwab, K. ed. 2015. The Global Competitiveness Report 2015-2016. Geneva: World Economic Forum. http://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf
Search via ReFindit
Sen, A. 1983. Development: Which Way Now? Economic Journal, Royal Economic Society, 372(93): 742-762.
Search via ReFindit
Stankevics, A., Ignatjeva, S., Mensikovs, V. 2014. Higher Education’s Contribution to Economic Performance and Innovativeness in Latvia: Exploratory Research, Economic Annals, 202(59): 7-41.
Search via ReFindit
Statistics Iceland. 2011. Trade in Goods in 2010, Statistical Series 2011/1.
Search via ReFindit
Statistics Iceland. 2016a. Exports by Countries, Years and Months 1988-2014, Exports by countries April 2015, External trade: Exports in Goods. https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf
Search via ReFindit
Statistics Iceland. 2016b. Imports by Countries, Years and Months 1988-2014, Imports by Countries April 2015, External trade: Imports in Goods. https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf
Search via ReFindit
Statistics Iceland. 2016c. External Migration by Sex, Countries and Citizenship 1986-2014: Emigration, Migration: External Migration. https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf
Search via ReFindit
Statistics Iceland. 2016d. External Migration by Sex, Countries and Citizenship 1986-2014: Immigration, Migration: External Migration. https://www.wto.org/english/res_e/statis_e/wts2016_e/wts2016_e.pdf
Search via ReFindit
Tahvonen, O. 1998.Economic Sustainability and Scarcity of Natural Resources: A Brief Historical Review. http://www.rff.org/files/sharepoint/WorkImages/Download/RFF-IB-00-tahvonen.pdf
Search via ReFindit
Takayama, T. & Judge, G.G., 1964. Equilibrium among Spatially Separated Markets: A Reformulation. Econometrica, 32(4), p.510-524. https://doi.org/10.2307/1910175
Search via ReFindit
Thirlwall, A.P. 2011. Economics of Development (9th ed.).Palgrave Macmillan.
Search via ReFindit
Todaro, M.P., Smith, S.C. 2011. Economic Development (11th Edition). New York: Prentice Hall.
Search via ReFindit
Tvaronavičienė, M. 2018. Towards efficient policy making: forecasts of vulnerability to external global threats, Journal of Security and Sustainability Issues 7(3). https://doi.org/10.9770/jssi.2018.7.3(18)
Search via ReFindit
ulHaq, M. ed. 1995. Human Development Report 1995. United Nations Development Programme. New York: Oxford University Press. http://hdr.undp.org/sites/default/files/reports/256/hdr_1995_en_complete_nostats.pdf
Search via ReFindit
UNDP. 2013. Human Development Report 2013. The Rise of the South: Human Progress in a Diverse World. http://hdr.undp.org/en/2013-report
Search via ReFindit
Wade, R.H., Sigurgeirsdottir, S. 2012. Iceland’s Rise, Fall, Stabilization and Beyond, Cambridge Journal of Economics, 36: 127-144. http://inctpped.ie.ufrj.br/spiderweb/pdf_1/8_RW_icelands_rise_2012.pdf
Search via ReFindit
World Bank. 2016. Energy Use (kg of oil equivalent per capita). http://data.worldbank.org/indicator/EG.USE.PCAP.KG.OE
Search via ReFindit
Zoega, G. 2013. The West as an (Almost) Exclusive Club, Working Paper series of the Institute of Economic Studies, W13:08, Reykjavik: University of Iceland. http://www.ioes.hi.is/sites/hhi.hi.is/files/W-series/2013/WP1308.pdf
Search via ReFindit
RSS 1.0
