Institutional Complexity in Terms of Sustainable Development
Kitapta bölümler > Diğer · 2024
Yazarlar: Nida Ağaoğlu, Esra Sağlam
Advances in Business Strategy and Competitive Advantage, Diğer, IGI Global, B, Uluslararası, 2024, ss 315-340, ,
DOI: 10.4018/979-8-3693-8337-7.ch016
Özet
Complexity theory emerged as an alternative to the traditional economic system based on Newtonian thinking. After 1980, with globalization, economic systems have become more complex and it has become necessary to adapt to this complex system in order to be competitive. The global value chain is important in understanding institutional complexity. The global value chain is important in both institutional complexity and sustainable development, and there is no study that examines these three concepts together. In this framework, it is aimed to contribute to the literature and provide a source for future studies. In this study, institutional complexity theory is investigated for Turkey in terms of sustainable development. Since the complexity theory describes a non-linear system, the analysis was made with a non-linear model. STAR model was used and analyzed with R program. Twenty-four different non-linear regressions were used to investigate the relationship between each other and there is both long and short-run causality between sustainable development and institutional complexity.