A more holistic paradigm on sustainable development

Tom Coyle and Jane LeMaster

International Journal of Trade and Global Markets, 2011, vol. 4, issue 3, 243-260

Abstract: This paper suggests a more holistic paradigm on national sustainable development, linking together the three constructs of societal survivability, business capability and economic sustainability. Results support the superiority of the three-prong paradigm, and structural equation modelling shows that societal and business constructs are the predominant factors in promoting a country's sustainability. The contribution of this paper is relevant to literature on economic development and has timely real-world implications that could guide managers and policy-makers. This study is the first to suggest a new holistic development paradigm linking all three constructs in one model and, therefore, fills this literature gap.

Keywords: economic development; societal sustainability; business capability; financial reform; health reform; development policy; corporate governance; government and society; factor analysis; sustainable development; societal survivability; economic sustainability; holistic development. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:4:y:2011:i:3:p:243-260

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