GICM with Innovation & Governance Development Index (IGDI): A Framework for Economic Governance and Innovation-Driven Development in the Coastal and Marine Industry
摘要
The coastal and marine industry, whose worth exceeds 3trillion dollars the world over, encounters new challenges in the balance between economic progress and environmental sustainability. Current governance arrangements and innovation systems, being independent of each other, lead to policy-implementation gaps that cannot support sustainable growth of the blue economy. The available measurement frameworks poorly reflect a synergistic linkage between the effectiveness of governance and innovation potential in marine systems. This paper presents the Governance Innovation Convergence Model (GICM), which includes Innovation & Governance Development Index (IGDI), a very new compound framework to gauge and improve economic governance and innovation-oriented growth in coastal and marine sectors. The framework of the GICM has formulated the roles of governance and innovation as complementary systems, whereas the IGDI offers a quantitative instrument incorporating the indicators of governance (regulatory quality, environmental compliance, stakeholder participation) and innovation (R&D investment, technology adoption, sustainability innovation) by means of weighted accumulation technologies. IGDI uses mathematical formulation: