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- Title
The process of sustainable entrepreneurship: a multi-country analysis.
- Authors
Proença, Sara; Soukiazis, Elias
- Abstract
Sustainable entrepreneurship links entrepreneurial activities to the achievement of sustainable development in its three dimensions: economic prosperity, social equity, and environmental protection. This paper aims to explain the process of sustainable entrepreneurship, by providing empirical evidence on the interconnections between entrepreneurial activity, economic development measured by the human development index, and greenhouse gas emissions as a proxy for environmental quality. The interrelationship between these core variables is described by a cyclical process with feedback effects that makes the system self-sustaining. A simultaneous equation system is estimated based on the 3sls approach that takes into control the endogeneity of regressors and the error correlation across equations. The empirical findings support the cyclical process involving entrepreneurial activity, human development level, and environmental quality. From a policy perspective, results highlight the central role of entrepreneurship as a driving force for change and sustainable development. Decision makers should engage in supporting innovative and sustainable entrepreneurial activities, but also reducing the barriers in the macroeconomic environment and improving human capital skills, including entrepreneurial competencies.
- Subjects
GREENHOUSE gases; HUMAN Development Index; ENVIRONMENTAL quality; SIMULTANEOUS equations; ENTREPRENEURSHIP; ENVIRONMENTAL protection
- Publication
Environment, Development & Sustainability, 2023, Vol 25, Issue 10, p10995
- ISSN
1387-585X
- Publication type
Article
- DOI
10.1007/s10668-022-02515-z