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Effects of entrepreneurial opportunity on socio-economic development and economic competitiveness

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  • Chien-Chi Tseng
  • Siang Tseng

Abstract

This study examines the relationships among entrepreneurial opportunity, socio-economic development, and economic competitiveness in the 33 upper-middle-income economies. An empirical framework and three hypotheses are developed to test the relationships. Results indicate that entrepreneurial opportunity has substantial influence on socio-economic development and economic competitiveness. In addition, socio-economic development has a strong impact on economic growth and plays a mediating role to link entrepreneurial opportunity and economic growth. From the research results, the study finds that strengthening entrepreneurial opportunity is an effective way in boosting socio-economic development and economic competitiveness; and economic competitiveness and socio-economic development are integral for fostering significant entrepreneurial opportunities in the developing markets.

Suggested Citation

  • Chien-Chi Tseng & Siang Tseng, 2017. "Effects of entrepreneurial opportunity on socio-economic development and economic competitiveness," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 9(4), pages 375-392.
    • Handle: RePEc:ids:ijbema:v:9:y:2017:i:4:p:375-392
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