Social Entrepreneurship and Climate Innovation: The Mediating Effect of Norms and Self-Efficacy

There has been a growing interest in identifying the elements that influence economic success in the wake of impact of a recession. One of the most important goals for policymakers is to ensure that the economy grows steadily, increasing employment and ensuring social welfare. Our research significantly contributes to the field by testing the link between social entrepreneurship and sustainable development from an economic growth viewpoint. The research considers several kinds of entrepreneurship (social and traditional). It also provides a model that examines the contribution of social entrepreneurship to sustainable development using two primary dimensions: embryonic and operational social entrepreneurial activity and operational social entrepreneurial activity that contributes to the achievement of social goals. To achieve the goal of sustainable development, this research incorporates latent factors such as social entrepreneurship, innovation, and institutional features. The findings of this research show that it is critical to build methods that encourage long-term sustainability. In this context, identifying the most critical indicators that directly impact long-term growth will be beneficial. Since sustainable development has become one of the most important goals to satisfy current demands without compromising the value of other goals, the decision-makers should concentrate on inspiring sustainable development.