A Geometric Approach for the Sustainable Economic Growth of a Country: The Equilateral Triangular Model

Abstract

Strategic perspectives of sustainable development are considered and discussed. The concept of environmental sustainability is addressed and its relation to sustainable development is discussed. By undertaking mathematical calculations and geometrical axioms, this study shows a different approach in regional development based on various settings between three fundamental concepts: Education + Research- Innovation + Entrepreneurship. The Triangle of Knowledge (ToK) is defined using the above three fundamental concepts. The Triangle of Knowledge refers to the interaction between education, research-innovation and entrepreneurship, which are key drivers for the Knowledge-Based-Society (KBS). This concept relates to the need to pay attention on an equal basis to the three factors on a systemic and continuous way. Particular contribution to the Triangle of Knowledge is attempted, through the introduction of Excellence within the proposed Equilateral Triangular Model Approach (ETMA). A new performance index is defined, the Excellence Performance Indicator (EPI) and used on this new proposed methodology of ETMA. A number of simulation runs using ETMA and the Triangle of Knowledge(ToK) is performed and a number of interesting results are obtained and discussed.