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Toward a New Model of Economic Growth: Synthesizing Stability, Innovation, and Equity Sesario, Revi
Nomico Vol. 3 No. 2 (2026): Nomico-March
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/ev7tjr76

Abstract

Economic growth has long been regarded as a central objective of development policy, yet conventional growth models that emphasize capital accumulation and labor expansion increasingly face criticism for their inability to address environmental degradation, economic inequality, and structural transformation in modern economies. These limitations highlight the need for a new economic growth framework that integrates innovation, institutional stability, inclusiveness, and sustainability. This study aims to analyze the conceptual foundations of a new growth model that synthesizes these dimensions to support balanced and resilient economic development. The research employs a qualitative approach based on a systematic literature review of accredited academic journals and relevant scholarly publications. Data were collected from recent empirical and theoretical studies related to economic growth, financial inclusion, innovation, and sustainable development, and analyzed using qualitative content analysis and conceptual synthesis techniques. The findings indicate that innovation, particularly through digital technology and financial innovation, significantly enhances productivity and supports sectoral transformation. Institutional stability and effective governance strengthen the long-term impact of innovation on economic development, while inclusive financial systems expand access to economic opportunities and reduce inequality. Furthermore, sustainability-oriented policies are essential to ensure that economic growth remains environmentally responsible. In conclusion, a multidimensional growth model that integrates innovation, stability, inclusiveness, and sustainability provides a more comprehensive framework for achieving equitable and sustainable economic development.
Sustainable Economy and Green Growth: Strategies for Promoting Environmentally Friendly Economic Development Pudjowati, Juliani; Sesario, Revi; Muthmainnah, Riyadatul
Nomico Vol. 3 No. 3 (2026): Nomico - April
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/62nnq181

Abstract

Sustainable economy and green growth have become essential approaches to addressing the global challenge of balancing economic development with environmental sustainability and social welfare. This study aims to analyze how green growth strategies contribute to sustainable economic development through the integration of environmental, economic, and social dimensions. A qualitative research design with a descriptive-exploratory approach was employed. Data were collected through in-depth interviews, document analysis, and focus group discussions involving policymakers, experts, and stakeholders. The data were analyzed using thematic and content analysis to identify key patterns and relationships among variables. The results indicate that renewable energy development, green innovation, policy instruments, institutional governance, and sustainable natural resource management significantly contribute to environmentally friendly economic growth. These factors support the decoupling of economic growth from environmental degradation while promoting efficiency and long-term stability. The findings also highlight the importance of inclusive policies, such as green job creation and social protection, in ensuring equitable benefits of green growth. In conclusion, green growth is a comprehensive strategy that enables sustainable economic development by aligning economic progress with environmental protection and social inclusion. Effective implementation requires integrated policies, strong institutions, and continuous innovation.
Co-Authors ,, Ichsan Achmad, Dwi Isyana Aditya Wardhana Aftiana, Karmila Alfiana Alfiana Andi Kurniawan Anggita Permata Yakup Anjarwati, Sri Antari, Ni Luh Sili Anwar, Misbahul Arief, Ilham Aslichah, Aslichah Bando, Nurjannah Bara Zaretta Cici, Cici Dodi Iskandar, Dodi Eko Wahyu Hidayat, Eko Wahyu Elia, Elia Fakhrudin, Jaini Faradina, Anggia Febtysiana, Nur Fajar Gugat, Rudy Max Damara Hendy Tannady Hernawan, Moch Arif Hillary, Janne Ichsan Ichsan Janne Hillary Judijanto, Loso Juliani Pudjowati Khuan, Hendri Klemens Mere Lamria Mangunsong Lidia Chronika Marjani, Adi Muflihah Ramadhia MUHAMMAD ALI Muthmainnah, Riyadatul Nurdiani, Tanti Widia Nuryana, Arief Raden Rara Ayu Widaningsih RADIANSAH, DODY Rahma Wahdiniwaty Raraga, Filus Saleha, Sahriani Sari, Ade Risna Sugeng Karyadi suryawan, ryan firdiansyah Susilo, Muhammad Syamsu Rijal Th. Candra Wasis Agung Sutignya Wasis, Th. Candra Wasis, Th. Chandra Yulistina Yulistina