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Technology-based ventures and sustainable development: Cointegrating and causal relationships with a panel data approach

Author

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  • Islem Khefacha
  • Lotfi Belkacem

Abstract

The aim of this article is to provide new empirical evidence on the causality between proxy variables of technology entrepreneurship and proxy variable of sustainable economic performance in a vector error correction model. It covers a sample of 13 countries participated to Global Entrepreneurship Monitor studies under the period 2002--2013. Building on a theoretical background that considers the adoption of new technologies through a dynamic process of creative destruction based on innovation as the most important factor for achieving long-term economic growth, the empirical investigation uses robust econometric techniques that are capable of estimating long-run cointegrating relationships in panel data.Our results support the idea that total entrepreneurship activity related to the technology sector leads to improve the sustainability of a nation in the long run. More importantly, our paper helps understand the nature of liaison between the creation of innovative and high-technology business and the presence of favorable social and environmental conditions for the well-being of a population.

Suggested Citation

  • Islem Khefacha & Lotfi Belkacem, 2016. "Technology-based ventures and sustainable development: Cointegrating and causal relationships with a panel data approach," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(2), pages 192-212, March.
    • Handle: RePEc:taf:jitecd:v:25:y:2016:i:2:p:192-212
    DOI: 10.1080/09638199.2015.1048707
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    References listed on IDEAS

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    1. World Bank, 2011. "The Changing Wealth of Nations : Measuring Sustainable Development in the New Millennium," World Bank Publications - Books, The World Bank Group, number 2252, April.
    2. Marcus DEJARDIN, 2001. "Entrepreneurship and Economic Growth: An Obvious Conjunction?," Development and Comp Systems 0110010, University Library of Munich, Germany.
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    Cited by:

    1. Sanchita Bansal & Isha Garg & Gagan Deep Sharma, 2019. "Social Entrepreneurship as a Path for Social Change and Driver of Sustainable Development: A Systematic Review and Research Agenda," Sustainability, MDPI, vol. 11(4), pages 1-28, February.
    2. Rabiaa Romdhane & Islem Khefacha & Haykel Haj, 2021. "Sustainable Development Goals (SDGs) Contribution to Entrepreneurial Intention: The Need for Innovative Reflexions," Post-Print hal-03502437, HAL.
    3. Hanaa Abdelaty Hasan Esmail & Mohammad Jibran Gul Wani & Osama Nashaat Yasin Attia & Heba Elsayed Galal, 2025. "Entrepreneurial dynamics and their impact on economic development in Saudi Arabia," Future Business Journal, Springer, vol. 11(1), pages 1-14, December.
    4. Islem Khefacha & Rabiaa Romdhane & Haykel Haj Salem, 2024. "Unveiling the relationship between entrepreneurial aspirations and prosperity: An international panel study using GEM data," International Entrepreneurship and Management Journal, Springer, vol. 20(1), pages 421-449, March.
    5. Run Wang & Abdella Kosa Chebo, 2021. "The Dynamics of Business Model Innovation for Technology Entrepreneurship: A Systematic Review and Future Avenue," SAGE Open, , vol. 11(3), pages 21582440211, July.
    6. Leitão, Maria Eugénia & Amaral, Miguel & Carvalho, Ana, 2024. "Reconceptualizing socio-tech entrepreneurship: A systematic literature review and research agenda," Technovation, Elsevier, vol. 134(C).

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