Economic Transformation: A Systematic Literature Review

Agus Harimurti Yudhoyono, Fendy Suhariadi (), Elisabeth Supriharyanti and Zulkifli Nurul Haqq
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Agus Harimurti Yudhoyono: Postgraduate School, Universitas Airlangga, Surabaya 60115, Indonesia
Fendy Suhariadi: Postgraduate School, Universitas Airlangga, Surabaya 60115, Indonesia
Elisabeth Supriharyanti: Faculty of Business, Universitas Katolik Widya Mandala Surabaya, Surabaya 60265, Indonesia
Zulkifli Nurul Haqq: Center for Dynamic Capability, Universitas Airlangga, Surabaya 60115, Indonesia

Sustainability, 2024, vol. 16, issue 24, 1-16

Abstract: This study aimed to systematically review the economic transformation (ET) literature to integrate fragmented insights, offer a comprehensive overview, and identify avenues for future research. Employing the systematic review methodology outlined by Tranfield et al. (2003), this study reviewed 39 relevant articles from the Scopus database, covering the period from 1945 to 2022. Our findings highlight diverse definitions of ET and reveal its paradoxical lens. The review also identifies key contributing factors, such as governance, leadership, human resources, and outcomes, including green economic growth, sectoral development, and global position. Finally, this study offers empirical, theoretical, and methodological contributions to further research and development.

Keywords: economic transformation; economic development; economic growth; middle-income trap; sustainability; systematic literature review (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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