Modeling the impact of the institutional environment on the development of digital platforms and the sharing economy

Modeling the impact of the institutional environment on the development of digital platforms and the sharing economy

Автор: Veretennikova Anna Yu., Kozinskaya Kseniya M.

Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en

Рубрика: Social and economic development

Статья в выпуске: 5 т.15, 2022 года.

Бесплатный доступ

Digital platforms and the sharing economy contribute to a more efficient allocation of resources by releasing underutilized assets and reducing transaction costs; this opens up additional opportunities for socio-economic development. However, the rapid introduction of digital platforms and changing consumption patterns necessitate the adjustment and transformation of the current institutional environment. The aim of our study is to model the impact of the formal and informal institutional environment on the platform economy and the sharing economy in various countries. We apply theoretical analysis to show possible impact of formal and informal institutions on the development of digital platforms and the sharing economy; on this basis, four relevant hypotheses are formulated. In the study, we use data from the Digital Platform Economy Index 2020, Smart City Index 2021, WJP Rule of Law Index 2020, Social Capital Index 2020, Barometr Trust Index 2021 for 26 countries. With the help of a correlation and regression analysis, we construct linear models demonstrating the impact of the formal institutional environment on the development of the platform economy, as well as the influence of informal institutions on the services of the sharing economy. We prove that a low level of corruption and the transparency of public administration are major factors in the formal environment that affect this type of activity. The informal environment is characterized by the level of trust and social contacts in the country, expressed through social capital. The novelty of our findings consists in determining the nature of influence of the formal and informal institutional environment on the development of the sharing economy. The significance of the results lies in the possibility of using the identified patterns for the development of digital platforms and the sharing economy

Еще

Platform economy, sharing economy, institutional environment, formal institutions, informal institutions, sharing

Короткий адрес: https://sciup.org/147239120

IDR: 147239120   |   DOI: 10.15838/esc.2022.5.83.14

Список литературы Modeling the impact of the institutional environment on the development of digital platforms and the sharing economy

  • Acemoglu D., Johnson S., Robinson J., Thaicharoen Y. (2003). Institutional causes, macroeconomic symptoms: Volatility, crises and growth. Journal of Monetary Economics, 50(1), 49–123.
  • Akhmedova A., Mas-Machuca M., Marimon F. (2020). Value co-creation in the sharing economy: The role of quality of service provided by peer. Journal of Cleaner Production, 266, 121736. DOI: 10.1016/j.jclepro.2020.121736
  • Auzan A.A. (2019). Digital economy as an economy: Institutional trends. Vestnik Moskovskogo universiteta. Seriya 6. Ekonomika=Moscow University Economics Bulletin, 6, 12–19 (in Russian).
  • Avdokushin E.F., Kuznetsova E.G. (2019). Economics of joint consumption: Essence and some development trends. Ekonomicheskii zhurnal=Russian Economic Journal, 2(54), 6–20 (in Russian).
  • Avdokushin E.F., Kuznetsova E.G. (2022). Sharing model as a determinant factor of modern business. Vestnik Kemerovskogo gosudarstvennogo universiteta. Seriya: Politicheskie, sotsiologicheskie i ekonomicheskie nauki=Bulletin of Kemerovo State University. Series: Political, Sociological and Economic Sciences, 7, 2(24), 201–211 (in Russian).
  • Belk R. (2014). You are what you can access: Sharing and collaborative consumption online. Journal of Business Research, 67(8), 1595–1600.
  • Bergh D., Ketchen D., Orlandi I., Heugens P., Boyd B. (2018). Information asymmetry in management research: Past accomplishments and future opportunities. Journal of Management, 45(1), 122–158. DOI: 10.1177/0149206318798026
  • Botsman R., Rogers R. (2011). What’s Mine Is Yours. The Rise of Collaborative Consumption. London: HarperCollins.
  • Coleman J. (1988). Social capital in the creation of human capital. American Journal of Sociology, 94, 95–120.
  • Curtis S., Lehner M. (2019). Defining the sharing economy for sustainability. Sustainability, 11(3), 567.
  • Eggertsson B. (2006). The deflation bias and committing to being irresponsible. Journal of Money, Credit and Banking, 38(2), 283–321.
  • Evans D. (2003). How catalysts ignite: The economics of platform-based start-ups. In: Gawer A. (Ed.). Platforms, Markets and Innovation. Cheltenham: Edward Elgar.
  • Felson M., Spaeth J. (1978). Community structure and collaborative consumption: A routine activity approach. American Behavioral Scientist, 21(4), 614–624.
  • Finley K. (2013). Trust in the Sharing Economy: An Exploratory Study. Centre for Cultural Policy, University of Warwick.
  • Georgoula V., Skoultsos S. (2020). Mapping the tourism impacts of the sharing economy: The case of China. Sustainability, 12(16), 6333.
  • Hamari J., Sjöklint M., Ukkonen A. (2015). The sharing economy: Why people participate in collaborative consumption. Journal of the Association for Information Science and Technology, 67(9), 2047–2059.
  • Helmke G., Levitsky S. (2004). Informal institutions and comparative politics: A research agenda. Perspectives on Politics, 2(4), 725–740.
  • Johnson N.D., Koyama M. (2019). Persecution and Toleration: The Long Road to Religious Freedom. Cambridge: Cambridge University Press.
  • Kenney M., Zysman J. (2016). The rise of the platform economy. Issues in Science and Technology, 32, 61–69.
  • Khumaryan D. (2019). Nick Srnicek’s platform capitalism: Crisis – response – boom – crisis – and response again. Ekonomicheskaya sotsiologiya=Journal of Economic Sociology, 20(3), 164–179 (in Russian).
  • Khusyainov T.M., Urusova E.A. (2017). From the consumer society to the sharing economy. Filosofiya khozyaistva=Philosophy of Economy, 6(114), 132–146 (in Russian).
  • Makoev S.R. (2020). The platform economy as a result of cooperation between the accumulated experience of past generations and digital technologies on the example of the consumer sector of the economy. Tsifrovaya transformatsiya=Digital Transformation, 2, 26–32. DOI: 10.38086/2522-9613-2020-2-26-32 (in Russian).
  • Möhlmann M. (2015). Collaborative consumption: Determinants of satisfaction and the likelihood of using a sharing economy option again. Journal of Consumer Behaviour, 14(3), 193–207.
  • North D. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.
  • North D. (1994). Institutions. Journal of Economic Perspectives, 5, 97–112. DOI: 10.1257/jep.5.1.9
  • North D.C., Wallis J.J., Weingast B.R. (2009). Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History. Cambridge: Cambridge University Press.
  • Ostrom E. (1990). Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge University Press.
  • Petropoulos G. (2017). An economic review of the collaborative economy. Bruegel Policy Contribution no. 2017/5. Bruegel, Brussels. Available at: www.econstor.eu/handle/10419/173101
  • Putnam R. (1993). The prosperous community. Social capital and public life. The American Prospect, 4(13), 35–42.
  • Rinne A. (2018). The Dark Side of the Sharing Economy. Available at: https://www.weforum.org/agenda/2018/01/the-dark-side-of-the-sharing-economy/
  • Schlagwein D., Schoder D., Spindeldreher K. (2019). Consolidated, systemic conceptualization and definition of the “sharing economy”. Journal of the Association for Information Science and Technology, 71. DOI: 10.1002/asi.24300
  • Schor J., Fitzmaurice C. (2014). Collaborating and connecting: The emergence of the sharing economy. In: Handbook of Research on Sustainable Consumption. DOI: 10.4337/9781783471270.00039
  • Srnicek N. (2019). Platform capital. Ekonomicheskaya sotsiologiya=Journal of Economic Sociology, 20(1), 72–82 (in Russian).
  • Stephany A. (2015). The Business of Sharing: Making it in the New Sharing Economy. Springer.
  • Wallenstein J., Shelat U. (2017). Hopping aboard the Sharing Economy. Available at: https://www.bcg.com/publications/2017/strategy-accelerating-growth-consumer-products-hopping-aboard-sharing-economy
  • Williamson C.R. (2009). Informal institutions rule: Institutional arrangements and economic performance, Public Choice, 139(3/4), 371–387.
  • Williamson O. (2000). The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature, 38(3), 595–613.
  • Wosskow D. (2014). Unlocking the Sharing Economy: An Independent Review, London: Department for Business, Innovation and Skills.
Еще
Статья научная
QR-код для установки приложения SciUp Наведите камеру и скачайте бесплатное приложение SciUp