Economic Sustainability in a Wider Context: Case Study of Considerable ICT Sector Sub-Divisions

Abstract

This paper situates the process of economic sustainability in the wider context of regional specialization and geographic concentration. The main object is to analyze the implications of increasing importance of sustainable development. In this context, the ICT (Information and Communication Technology) is at the same time a part of the problem and solution. The focus of this paper is also the ICT firms themselves. This research aimed to explore the ICT firms operating in the ICT sector and focused more on the ICT firms’ sustainability in connection with industry geographic concentration and regional specialization. The economic sustainability (evaluated by sustainability sub-index) and geographical and regional analysis were studied for 62 Computer Programming and 63 Information Services sub-divisions of the ICT sector. The results confirm a strong correlation between economic sustainability and firm geographic concentration. Results show that a worsening value of economic sustainability does not always lead to the worsening conditions in the industry and there is a strong relationship between the economic sustainability and regional analysis.