Luxembourg: Digital Innovation Challenges

Brano Glumac

MPRA Paper from University Library of Munich, Germany

Abstract: Digital innovation has become a most forwarded proposition of economic policies aiming for economic diversification and technological innovation. Moreover, it appears to be a feasible solution to the problem for Luxembourg that lacks the physical space to foster the development of an industrial sector that would require large areas. Also, diversifying from the well-established large steel industry complex is a plus. However, many obstacles can hinder the effective implementation of sharing economy principles in the digital world. This study underlines the most active industry sector, transportation, which adopts the sharing economy principles. Moreover, it provides the status of sharing economy by the figures showing participation and motivation of people living in the Grand Duchy of Luxembourg. This study also highlights its challenges and related issues in terms of citizen participation and sharing economy based on digital platforms.

Keywords: Collaborative Economy; Global and Local Case Examples; Hungary; Platform Economy; Ride-Sharing; Sharing Economy; Short-Term Rental; Social Innovation (search for similar items in EconPapers)
JEL-codes: L86 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110238

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