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The Impact of Entrepreneurship on Economic Growth: Exploring the Role of Technological Innovation and Institutional Quality in South Asia

Author

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  • Emon Kalyan Chowdhury

    (Chittagong Independent University)

  • Mohammad Nayeem Abdullah

    (Chittagong Independent University)

  • Syed Manzur Quader

    (Chittagong Independent University)

Abstract

This study examines the key factors influencing economic growth in South Asia, namely entrepreneurship development, technological innovation, and institutional quality. By analyzing annual data from 2010 to 2022 across South Asian countries (excluding Afghanistan), a strong correlation between these factors and economic prosperity is revealed. These findings emphasize the importance of nurturing entrepreneurship and fostering technological advancements in promoting sustainable economic growth in the region. However, significant barriers to progress must be addressed. Enhancing financial development and improving institutional quality are identified as crucial steps to unlock South Asia’s vast potential. With the implementation of effective policies, governments and institutions can harness these influential factors to drive unparalleled economic progress in the region.

Suggested Citation

  • Emon Kalyan Chowdhury & Mohammad Nayeem Abdullah & Syed Manzur Quader, 2025. "The Impact of Entrepreneurship on Economic Growth: Exploring the Role of Technological Innovation and Institutional Quality in South Asia," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 3550-3573, March.
    • Handle: RePEc:spr:jknowl:v:16:y:2025:i:1:d:10.1007_s13132-024-02089-3
    DOI: 10.1007/s13132-024-02089-3
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    Keywords

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    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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