Economic Ecosystem Research Articles

Stakeholder and customer engagement in circular economy ecosystems: A systematic literature review and research agenda

Stakeholder and customer engagement in circular economy ecosystems: A systematic literature review and research agenda

Картографирование сегментов экономической экосистемы территории

Relevance. The rapid introduction of digital technologies into economic activity has marked a new paradigm of economic analysis – the analysis of economic ecosystems. The relevance of the structural study of the economic ecosystems of territories is due to both the weak elaboration of this topic in the world and domestic scientific literature, and the practical need for the formation of scientifically based strategies for the socio-economic development of territories. Goal. The purpose of this study is to develop a methodology for mapping the economic ecosystem of the territory. Materials and methods. The object of this study is the economic ecosystem of the territory. The subject of the study is economic relations for the development of the economic ecosystem of the territory on the basis of mapping its elements. The information base of the research was scientific publications indexed in the Scopus and RSCI databases, as well as the author's results on public management of the development of economic ecosystems. The method of logical system analysis is used as a research method. Results. As a result of the conducted research, a scheme of a map of the industry and sphere of activity of the economic ecosystem is proposed, including indicators, participants, products of activity, development trends, assessment experts and conclusions on the development of this sphere of economic activity. An algorithm for mapping the economic ecosystem of the territory has been developed, which includes the stages of segmentation, the formation of maps of industries, the assessment of development projects and the formation of a strategy for the socio-economic development of the territory. Using the example of the development of the Tyumen region, the applicability of mapping segments of the economic ecosystem of the territory for public management of the development of various fields of activity is shown. The novelty of this study lies in the development of the author's approach to mapping segments of the economic eco-system of the territory, which develops the theory of modeling the structure and development of elements of economic ecosystems.

Wastewater-based epidemiology for COVID-19 surveillance and beyond: A survey

The pandemic of COVID-19 has imposed tremendous pressure on public health systems and social economic ecosystems over the past years. To alleviate its social impact, it is important to proactively track the prevalence of COVID-19 within communities. The traditional way to estimate the disease prevalence is to estimate from reported clinical test data or surveys. However, the coverage of clinical tests is often limited and the tests can be labor-intensive, requires reliable and timely results, and consistent diagnostic and reporting criteria. Recent studies revealed that patients who are diagnosed with COVID-19 often undergo fecal shedding of SARS-CoV-2 virus into wastewater, which makes wastewater-based epidemiology for COVID-19 surveillance a promising approach to complement traditional clinical testing. In this paper, we survey the existing literature regarding wastewater-based epidemiology for COVID-19 surveillance and summarize the current advances in the area. Specifically, we have covered the key aspects of wastewater sampling, sample testing, and presented a comprehensive and organized summary of wastewater data analytical methods. Finally, we provide the open challenges on current wastewater-based COVID-19 surveillance studies, aiming to encourage new ideas to advance the development of effective wastewater-based surveillance systems for general infectious diseases.

BUILDING A PEOPLE'S ECONOMIC ECOSYSTEM THROUGH THE SYNERGY OF COOPERATIVES AND MSMES FOR GOLDEN INDONESIA 2045

This article analyzes strategies for building a people's economic ecosystem through optimizing synergy between cooperatives and MSMEs in order to realize the vision of Golden Indonesia 2045. Using a literature analysis and secondary data approach, this study explores the concept of the people's economic ecosystem, the role of cooperatives, the challenges and opportunities of MSMEs, and the synergy strategy between the two sectors. The implementation of the grand theory of growth and equity was also discussed as a policy foundation. The results of the analysis show that strengthening the digital ecosystem, optimizing collaboration between stakeholders, and developing a data-based monitoring system are the keys to building effective synergy between cooperatives and MSMEs. This study concludes that with the right strategy, the synergy of cooperatives and MSMEs can be the main driver in creating inclusive and sustainable economic growth towards Golden Indonesia 2045. Policy recommendations include strengthening digital infrastructure, improving cross-sector coordination, and developing a comprehensive evaluation system to support evidence-based decision-making in the development of the cooperative and MSME sectors

Waqf Business Model (WBM): Towards A Sustainable Social Business Model on The Mainstream Economics

The Waqf Business Model (WBM) represents an innovative and transformative approach to establishing a sustainable social business model within mainstream economics, rooted in Islamic economic principles. This paper explores the current state of waqf as an alternative model for social business, emphasizing its ability to combine social impact with long-term economic sustainability by preserving assets and generating ongoing revenue. It also advocates for integrating WBM into the mainstream economy to serve as a powerful mechanism for addressing the Sustainable Development Goals (SDGs). The paper highlights the challenges faced by traditional Islamic economic institutions, particularly waqf, which have struggled due to outdated management practices and a conceptual crisis regarding the role of waqf in modern economies. Revitalizing waqf institutions requires enhancing their capabilities and aligning them with contemporary business strategies. Additionally, this paper encourages future research to explore how WBM can be fully integrated into the existing economic ecosystem. In theory, WBM provides a framework for ethical and inclusive economies, while in practice, it has the potential to create self-sustaining institutions that reduce reliance on external aid, offering an innovative solution to global socio-economic challenges by blending sustainable innovation.

Gamifying Ethical Entrepreneurship: The Role of AI in Islamic Finance

The convergence of gamification, entrepreneurship, and Islamic finance offers a unique opportunity to foster an inclusive and sustainable economic ecosystem. This study explores the synergies between these domains and the role of artificial intelligence (AI) in driving this transformation. Gamification enhances entrepreneurial endeavours by creating immersive and engaging experiences that stimulate creativity, motivation, and problem-solving abilities. Techniques such as challenges, rewards, and feedback motivate entrepreneurs to overcome obstacles and achieve their goals efficiently. Islamic finance, emphasizing ethical and fair financial transactions, complements gamification in entrepreneurship. Gamification engages entrepreneurs with Sharia-compliant products and services, promoting financial inclusion and understanding of Islamic finance concepts through interactive simulations and platforms. The synergistic interplay of gamification, entrepreneurship, Islamic finance, and technopreneurship, supported by AI, promises to create a more inclusive, ethical, and sustainable economic landscape. As the financial industry evolves, gamification empowers entrepreneurs to navigate complexities, create social impact, and uncover new opportunities in the digital economy.

Optimizing Ecotourism Elements to Strengthen the Tourism Attraction of Kerta Village, Payangan, Gianyar

Kerta Village has ecotourism potential that has not been optimized, such as the potential of waterfall attractions, MSME products, and agro-tourism potential of orange plantations. The problems faced are the optimal management of the potential owned, the lack of supporting infrastructure, and the limited capacity of the community in managing potential. This service activity aims to optimize the ecotourism potential of Kerta Village to strengthen tourist attraction. The methods used include field surveys, master plan planning, and community assistance. The results show that with the master plan for the establishment of water attractions can strengthen the tourist attraction of Kerta Village. synergy between ecotourism development and MSME empowerment is important in order to create a mutually reinforcing economic ecosystem.

To Push Forward the Integrated Reform in An All-Round Way and Focus on Building A Strong Province in The Digital Economy

This paper, taking Dalian as a case study, delves into the strategic pathways and practical strategies for comprehensively advancing integrated reform and jointly striving to build a digital economy powerhouse province. It first analyzes the significance of the digital economy as a new engine for global economic growth, along with Dalian's foundational advantages and potential challenges in its digital transformation journey. Subsequently, from various dimensions such as policy guidance, technological innovation, industrial upgrading, and business environment optimization, the paper elaborates on how Dalian is leveraging integrated reform measures, including enhancing cross-departmental collaboration, promoting open sharing of data resources, and constructing a digital economy ecosystem, to accelerate the deep integration of digital technologies with the real economy, thereby promoting industrial structural optimization and upgrading, and enhancing regional competitiveness. The paper also emphasizes Dalian's key initiatives in nurturing and attracting talents, strengthening infrastructure support, and advancing smart city and digital government construction during its pursuit of becoming a digital economy powerhouse, and how these initiatives provide strong momentum for the high-quality development of Dalian's, and by extension, its province's, digital economy. Through case studies and practical summaries, this paper offers a series of replicable and scalable experiences and models, providing valuable insights for other regions to advance their own digital economy integration reforms.

The Synergy Between Fintech and Islamic Banking: Expanding Access to Financial Inclusion

This study aims to examine how the synergy between Fintech and Islamic banking can expand inclusive financial access in Indonesia. Through a literature review, this research identifies the role of Fintech in digital finance based on Islamic principles and the integration of the economic ecosystem. The findings indicate that the synergy between these two sectors holds significant potential for enhancing financial inclusion. However, the study also identifies several challenges, including regulations that have not fully accommodated innovation and the need for improved digital financial literacy. The study concludes that the synergy between Fintech and Islamic banking is a strategic step towards achieving inclusive financial goals in Indonesia, but it requires support from various stakeholders to overcome the existing challenges.

Impact Asessment of One Pesantren One Product (OPOP) as a Government Economic resilient Program to Improve the Pesantren Small Enterprises in the East Java Province

Abstract. One Pesantren One Product (OPOP) is one of economic development priority programs initiated by the government of the province of East Java, Indonesia, under the Governor regulation No. 62, 2020, aiming to improve the entepreneurship of Pesantren (an Indonesian term for traditional Islamic school) to raise the society resilient in economy and develop Sharia economic ecosystem through out the region of East Java Province. Up to 2022, there are 750 Pesantren of which 174 Pesantren has been provided both trainings and funds as the benefits of the program. This study is aimed to evaluate the impacts of this 4 year ongoing program by surveying and collecting the primary data of Pesantren enterprise condition prior and subsequent to accepting the benefits of this OPOP program to assess how significance the program affects the growth of the Pesantren enterprise. The method used in this study is content analysis of an in-depth guided interview assessing seven research variables used in this study ; legality, human resources, products/services, marketing, cash flow, internal impacts and external impacts. All of these variables are the result of a Delphi consensus by inter-diciplinary academicians and inter-sectoral government officers. There are 34 samples is taken out of the 174 population with the method of multi-stage cluster random sampling, choosing 8 region in the province by cluster sampling and then choosing ten typologies of the enterprise by non-proportional stratified random sampling. The analysis technique used is a likert scale, to score each research variable in the context of both prior and subsequent conditions to receiving the benefits of the OPOP program resulting in categorization of 3 different classes, and how significance the impacts of the program to the seven variables research lead to the escalation of the class of the studied samples. The result is 62% of the Pesantren enterprise experienced class ascension with 4 enterprise typologies, which are Food raw material, processed food products, farming and beverage products, that is affected the most by this OPOP program.

The Rise of Gaming Nations

The article illuminates a paradigm shift in the digital landscape, where blockchain technology, Web 3.0, and gaming communities converge to redefine socio-economic dynamics. By examining the emergence of “Gaming Nations,” this article explores how virtual environments have transcended mere leisure, evolving into thriving economic ecosystems. Through case studies, including the transformative impact of Yield Guild Games during the COVID-19 crisis, the article demonstrates how guilds, traditionally formed for gameplay, are becoming veritable businesses. The integration of blockchain assets, particularly Non-Fungible Tokens, as essential elements of gameplay, blurs the boundaries between digital recreation and traditional economic activities. By envisioning a future where digital homes hold equivalent significance to physical residences, the article provokes contemplation on the changing landscape of human interaction and productivity. This comprehensive analysis offers a forward-looking perspective on the potential socio-cultural and economic impacts of this burgeoning phenomenon at the intersection of gaming, blockchain, and Web 3.0 technologies.

Navigating barriers to reverse logistics adoption in circular economy: An integrated approach for sustainable development

Achievement of sustainability goals is an epic task for developing economies that still strive to fulfil their basic needs. The availability of limited resources in the developing world vis-à-vis the ever-increasing demand poses further challenges to developing economies willing to transition into circular economies. Reverse logistics (RL) can facilitate this transition towards a circular economy (CE) by maximising resource utilisation and minimising waste, contributing to sustainability goals. This paper contributes to emerging literature by analysing the development and comprehensive potential of reverse logistics as a sustainability tool. It explores the significant barriers to the adoption of reverse logistics towards a circular economy, considering long-term sustainability. In the first phase, thirteen barriers have been identified from the past academic literature. Three barriers with a defuzzification number less than the threshold limit are excluded, and the final ten barriers are then prioritised using the decision-making trial and evaluation laboratory (DEMATEL) method. The findings suggest that a lack of strategic plans for returns is crucial for RL adoption towards a circular economy, followed by a lack of visibility for recycling/reuse. Organisations can increase customer satisfaction, promote environmental sustainability, and gain a competitive edge in the market by creating a strategic plan for reverse logistics. Organisations may lower costs and contribute to a more sustainable and ecologically responsible supply chain by improving visibility across the reverse logistics process. The results serve as a framework for decision-making in RL towards sustainable development. Managers and policymakers can formulate more robust and realistic decisions that align with “maximising profits,” “saving the planet,” “social concerns,” and, most importantly, “consumer concerns” in the circular economy ecosystem. Several implications are derived, leading to increased competitiveness and resilient business strategies. The novelty of this work lies in the identification of barriers to reverse logistics adoption towards a circular economy using an integrated fuzzy Delphi-DEMATEL approach, considering long-term sustainability. This approach is studied for the first time in a developing economy context, proposing social, economic, and environmental effects and actions to be taken by organisations for sustainable development.

Research on the Operation Innovation Strategy of a Short Video Platform Based on Fan Economy Taking Douyin as an Example

With the advancement and popularization of Internet technology, the way users obtain information and entertainment on digital platforms has changed, and content creators have attracted a large number of fans through short-video platforms such as Douyin, forming a huge fan economic ecosystem. This paper analyzes the operation and innovation strategy of Douyin's fan economy platform, taking Douyin's short video platform as an example, and aims to study the core elements of the success of this business model. The results show that fans are not only loyal followers of content creators but also potential consumers and brand promoters; under the role of fan economy, the construction of a high-quality short video platform ecological network will become a major trend in the future.

The paradigm logic of blockchain governance

Blockchain technology is mainly composed of public-key cryptography, hash algorithms and consensus mechanisms. Blockchain solves the two trust problems inherent in human interaction: the Byzantine Generals Problem and the Prisoner's Dilemma, which allows blockchain to replace the function of public power as a centre of trust to a certain extent, and also enables it to become a kind of decentralised large-scale collaborative infrastructure for human beings. Blockchain itself has a strong escape from public power, and the blockchain order is also non-rational. Its emergence has impacted the traditional constructivist-rationalism governance paradigm. Current research exploring blockchain governance issues at the level of governance paradigms is still limited. This study mainly adopts a normative analysis methodology, firstly outlining the decentralised technology model of blockchain and the economic ecosystem model built on top of this technology model. Secondly, this study explores the ontology of blockchain technology and its economic model on a philosophical level as well as the philosophical roots of the limitations of the traditional governance paradigm when confronted with blockchain governance. On this basis, this study further proposes ideas for shifting the blockchain governance paradigm. Specifically, it includes that a judicature-based governance paradigm should be established while the executive power should shift to focus on the issue of equality on the blockchain, and in the context of weakly centralised legislation, soft law governance should be allowed to play more of a role. Considering the popularity and development of blockchain technology, this study provides insights into the theoretical level of blockchain governance.

First Peoples economic landscape: analysis of the ecosystem

PurposeThis paper focuses on First Peoples Founders of for-profit entities in Australia and the role of the Indigenous Economic Development Agencies (IEDAs). We explore the challenges facing First Peoples enterprises, influenced by historical exclusion from white settler society, and the practices of the IEDAs from the perspectives of Founders and agencies.Design/methodology/approachA qualitative study utilising Indigenous Standpoint Theory and Indigenous research methods, elevating Founder perspectives, in the Yaruwu language - the Nilangany Ngarrungunil, owners of knowledge, to that of research collaborators.FindingsThe First Peoples economic landscape is continually evolving with IEDAs contributing to that evolution despite contentious identity ownership definitions. Founders secure in their own identity, are focused on self-determination and opportunities provided by IEDAs, government and corporate sector policies. However, opportunities are undermined by ongoing racism, discrimination and prevailing stereotypes leading to homogeneity, invisibility and exclusion. Founders question organisational commitments to overcoming systemic exclusion in particular their commitment to building respectful relationships and understanding First Peoples ways of working. Instead, Founders focus on building a sustainable First Peoples economic ecosystem through relationship-based practices rather than transactional reconciliation which ignores the reality of the lived experience of everyday racism.Originality/valueThis study extends the scholarly discourse on First Peoples for-profit enterprise success written with an Indigenous voice. We demonstrate how this Founder generation are strengthened by culture with identity infused in organisational practices underpinning their aspirations of economic self-determination.

INOVASI SOSIAL DALAM PENGELOLAAN JAMUR: Membangun Ekonomi Berkelanjutan

Tanjungsari Village, Boyolangu Sub-district, Tulungagung Regency launched an innovative initiative in addressing the economic challenges faced by the community. One of the main activities of this initiative is mushroom processing training. The purpose of this activity is to help the Tanjungsari Village community develop oyster mushroom processing talents by adding mushroom processing innovations by BUMDes Tanjungsari. The target of the mushroom processing activity is people who live in Tanjungsari Village. Mushroom processing training in Tanjungsari Village is a strategic step to overcome economic challenges and build community economic independence. From participating in mushroom product processing training activities, the community gained knowledge, experience, and skills about mushroom processing which were later expected to be applied to independent businesses that helped the participants' economy. With increased knowledge, technical skills, and entrepreneurial spirit, the trainees are able to start a sustainable independent business. The partnership with BUMDes also ensures that the mushroom cultivation products can be marketed well, creating a mutually supportive economic ecosystem. Keywords: Economic, Innovation; Social

Aplikasi Multiplatform Sayur Kita untuk Meningkatkan Efisiensi Pedagang Pasar

Markets are an essential part of the economic ecosystem, often facing various challenges for traders. One of the issues they encounter is the limited time for conducting transactions with both consumers and suppliers. This condition significantly impacts business performance and the quality of stock, influenced by various factors such as weather, time constraints, and the shipping process. This research aims to determine and analyze the development of applications that make buying and selling easier between traders and suppliers online, which can be accessed at any time. This application is integrated into various platforms, both via mobile and web, to enable traders to carry out transactions quickly, effectively and efficiently in terms of time, ef-fort and cost. Apart from that, this research is to facilitate transactions between market traders and suppliers, as well as expand the reach of online markets, especially regarding time con-straints and stock availability. By adopting an integrated multiplatform application develop-ment approach, this research aims to facilitate transactions between market traders and suppli-ers, as well as expand the market reach online, particularly addressing time limitations and stock availability. The development method used is the Waterfall method, which includes re-quirements analysis, system design, implementation, testing, and maintenance. The result of this research is an application called "Sayur Kita," a cross-platform application that helps traders con-duct transactions quickly and efficiently through mobile and web platforms, usable on various devices. Testing was conducted using the black box method, and the results showed that all fea-tures operated as expected. Therefore, this application can help improve the efficiency of market traders in conducting transactions with suppliers and traders online.

Biomass and Circular Economy: Now and the Future

Biomass is inherently organic and renewable, promoting a circular economy ecosystem. As global consumption patterns change, circular economy strategies have turned into sustainable net-zero strategies for developing countries and developed countries, and its value chain is now included in important biomass energy policies. Many countries are actively transforming their economic growth patterns, developing their own circular economy, targeting ecological sustainable development, and adjusting domestic industrial structures. The concept of a circular society, synergistic with the social economy and developed on the basis of the circular economy, has production and consumption at its core. This research aims to verify the important roles that biomass plays in the circular economy and to initiate a virtuous resource circulation model, promote material recycling and reuse, form a “resources-products-renewable resources” model, and promote better resource use efficiency. It discusses the important roles that the bioeconomy plays when achieving a circular economy and also proposes new economic and policy concepts. The key conclusions cover: (1) the biomass energy–circular economy business model; (2) recognizing the co-benefit of consumers and a prosumer circular economy; and (3) challenges to a renewable cycle under economic applications.

Platforms and trust as two columns of sharing economy

In the past two decades, economic models based on platform-based sharing, driven by the IT revolution, have caused a fundamental shift in traditional business practice, global capitalism, and societal values. The platform, along with all its features, has taken over the role of the organizational form since they have brought together strangers with under-utilized capacities and belongings, with those who need them without looking for ownership. The entire economic ecosystem - marketing techniques, business practices, supply chains, and consumption habits - has undergone a significant transformation. Consumer behavior is changing rapidly, and consumers are looking for appropriate and efficient access to goods and services through the Internet, without the financial, emotional, and logistical burdens of ownership. The radius of trust which was initially confined to family, friends, and local communities; now encompasses strangers who do not speak a common language and who are in different countries. Trust driven by Digital Identity (DI) and Trust and Reputation Information (TRI) have enabled what was considered unbelievable or even impossible some years ago. Further expansion and deepening of trust, based on new technologies combined with the international legal framework, has the potential to rewrite modern capitalism and societal values. This paper introduces the role of platforms in the evolution of the sharing economy, the role of trust in promoting such platforms, and the role of well-designed platforms in fostering and nurturing trust which is essential for promoting and sustaining sharing economy models.

Study of Crypto Currency in Indonesia

Currency as a legal means of payment is needed in domestic and international economic activities to achieve the social welfare of Indonesian society as a whole. Regulations regarding the nature and price of currency are contained in Article 23 B of the 1945 Constitution of the Republic of Indonesia. To ensure legal certainty and legal protection, another law was enacted, namely Law Number 7 of 2011 concerning currency. The aim of this research is to analyze the use of crypto money as a means of payment in Indonesia. This research uses a statutory approach and a conceptual approach. Data analysis uses qualitative analysis techniques to test the validity of the data in this research by looking for existing reference sources. Based on the research results, it shows that a series of legal regulations in Indonesia regarding digital crypto money show the government's awareness in creating the rule of law within the scope of the economic ecosystem in the digital era. So this is something special for Indonesia as a country that is serious about protecting its people in cryptocurrency transactions as assets or commodities (crypto assets). However, there are conflicting perspectives in viewing the position of digital crypto money. Bank Indonesia places it as digital money (virtual currency) so its use is prohibited as a means of payment. As for the Ministry of Trade, through Bappebti, it places crypto digital money (cryptocurrency) as a digital asset or commodity so that based on normative provisions it is allowed to be traded on the Futures Exchange. Therefore, the government needs to harmonize the law in positioning crypto digital money.