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Research on index construction of sustainable entrepreneurship and its impact on economic growth

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  • Gu, Wentao
  • Wang, Jiayi

Abstract

Based on the triple bottom line of sustainable development, sustainable entrepreneurship has been well studied; however, the existing literature on the measurement of sustainable entrepreneurship is still limited. This paper attempts to quantify sustainable entrepreneurship through three indicators, innovative spirit, entrepreneurial spirit and decision-making spirit, and constructs a new time-varying index of sustainable entrepreneurship by the time-varying coefficient state space equation model. Applying the new time-varying index, this paper studies the impact of sustainable entrepreneurship on Chinese regional economic growth and explores the role of technical R&D and financial intermediary development in the path of influence. The empirical results show following conclusions. First, sustainable entrepreneurship promotes regional economic growth. Second, there exists a positive mediation effect of sustainable entrepreneurship influencing regional economic growth through technical R&D. Third, financial intermediaries have a positive effect on sustainable entrepreneurship, and they play a moderating role in the first half of the path through which sustainable entrepreneurship affects regional economic growth through technical R&D.

Suggested Citation

  • Gu, Wentao & Wang, Jiayi, 2022. "Research on index construction of sustainable entrepreneurship and its impact on economic growth," Journal of Business Research, Elsevier, vol. 142(C), pages 266-276.
    • Handle: RePEc:eee:jbrese:v:142:y:2022:i:c:p:266-276
    DOI: 10.1016/j.jbusres.2021.12.060
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