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Sustainable development and entrepreneurship in emerging countries: Are sustainable development and entrepreneurship reciprocally reinforcing?

Author

Listed:
  • Simona-Andreea Apostu

    (Ph.D Lecturer, Department of Statistics and Econometrics, Bucharest University of Economic Studies, 010552 Bucharest, Romania; Scientific Researcher, Institute of National Economy, 050711 Bucharest, Romania)

  • Iza Gigauri

    (Ph.D., Associate Professor, School of Business, Computing and Social Sciences, St. Andrew the First-Called Georgian University, 0179 Tbilisi, Georgia)

Abstract

PURPOSE: Entrepreneurship seen as an engine for economic development is especially desirable for emerging countries to support rapid growth. Moreover, entrepreneurs can support social transformation in favor of more sustainable products and services. Sustainable orientation of entrepreneurship contributes to sustainable development goals and prevents environmental deprivation. However, the sustainable development agenda can also influence entrepreneurship. METHODOLOGY: The conducted bibliometric analysis confirmed the growing interest among scholars in the correlation of entrepreneurship to sustainability in the last years. Furthermore, panel regression (static model) was used to explore the variables on entrepreneurship influencing the sustainable development goal (SDG) index in emerging countries, and Levin, Lin and Chu (LLC), W-Stat – IPS, ADF-Fisher Chi-Square, and PP-Fisher Chi-Square tests were applied to analyze the variables stationarity. In order to examine the existence of structural breaks, the robustness was checked on single cross-section units and on the whole panel dataset. In addition, the Hausmann test was used to select between random and fixed effects, and heteroskedasticity of residues, autocorrelation of residues and dependence of residues between the panels were conducted. Data was analyzed through Eviews 13. FINDINGS: This paper investigates the relationship between sustainability and entrepreneurship in emerging countries. It discusses the impact of sustainable development on entrepreneurship and the influence of entrepreneurship on sustainable development. IMPLICATIONS: The study results can be used by governments and policymakers to plan their strategies and policies concerning entrepreneurship and implementation of sustainable development goals. They should promote entrepreneurial activity and control the negative environmental impact of enterprises simultaneously. ORIGINALITY AND VALUE: The research addresses the gap in the literature concerning the relationship between sustainable development and sustainable entrepreneurship. The paper examines the reciprocal relationship between sustainable development and entrepreneurship with an emphasis on emerging countries.

Suggested Citation

  • Simona-Andreea Apostu & Iza Gigauri, 2023. "Sustainable development and entrepreneurship in emerging countries: Are sustainable development and entrepreneurship reciprocally reinforcing?," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(1), pages 41-77.
    • Handle: RePEc:aae:journl:v:19:y:2023:i:1:p:41-77
    DOI: 10.7341/20231912
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    References listed on IDEAS

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    1. Nir Kshetri, 2017. "The economics of the Internet of Things in the Global South," Third World Quarterly, Taylor & Francis Journals, vol. 38(2), pages 311-339, February.
    2. Parrish, Bradley D., 2010. "Sustainability-driven entrepreneurship: Principles of organization design," Journal of Business Venturing, Elsevier, vol. 25(5), pages 510-523, September.
    3. Kshetri, Nir, 2021. "Blockchain and sustainable supply chain management in developing countries," International Journal of Information Management, Elsevier, vol. 60(C).
    4. Oleh Havrylyshyn, 2001. "Recovery and Growth in Transition: A Decade of Evidence," IMF Staff Papers, Palgrave Macmillan, vol. 48(4), pages 1-4.
    5. Seelos, Christian & Mair, Johanna, 2004. "Social entrepreneurship. The contribution of individual entrepreneurs to sustainable development," IESE Research Papers D/553, IESE Business School.
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    Cited by:

    1. Anna Florek-Paszkowska & Carlos Arturo Hoyos-Vallejo, 2023. "Going green to keep talent: Exploring the relationship between sustainable business practices and turnover intention," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 19(3), pages 87-128.
    2. Yeboah, Samuel, 2023. "Balancing Growth and Green: Strategies for Sustainable Development in Developing Economies," MPRA Paper 118180, University Library of Munich, Germany, revised 20 Jun 2023.
    3. Lena Bedawi Elfadli Elmonshid & Omer Ahmed Sayed, 2024. "The Relationship between Entrepreneurship and Sustainable Development in Saudi Arabia: A Comprehensive Perspective," Economies, MDPI, vol. 12(8), pages 1-23, July.

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