INDUSTRY SEGMENTATION UNDER ENVIRONMENTAL PRESSURE: AN OPTIMAL APPROACH-Reference-Cited by-同舟云学术

INDUSTRY SEGMENTATION UNDER ENVIRONMENTAL PRESSURE: AN OPTIMAL APPROACH

Published:2014-01-28 Issue:Supplement_1 Volume:19 Page:S524-S543
ISSN:2029-4913
Container-title:Technological and Economic Development of Economy
language:
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Author:

Dai Feng¹,Liu Jingxu¹,Liang Ling¹

Affiliation:

1. Department of Management Science, Zhengzhou Information Engineering University, Building 75-1-701, No. 5, Jian-Xue Street, Wen-Hua Road, Zhengzhou, 450002 Henan, China

Abstract

Based on the Solow growth model, this paper builds a combinatorial model for economic growth under environmental pressure. Using the model, the optimal number of industries in an economy can be computed, and the “optimal number” can be regarded as a criterion for decision making concerning industry segmentation. This paper presents a critical value of the number of industries in an economy, which determines the economic output to grow (or not) after industry segmentation. The findings include the following: (1) technological progress and innovative growth cause an industry segmentation, and (2) industry segmentation is the primary approach to sustaining economic growth under environmental pressure.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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