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A Sociotechnical Approach to Economic Development: The Role of Entrepreneurship and Innovation

In: Driving Complexity in Economic Development

Author

Listed:
  • Diego Gomez

    (Fundación ECSIM)

  • Sebastian Aparicio

    (Universitat Autònoma de Barcelona
    Universitat Autònoma de Barcelona)

  • David Urbano

    (Universitat Autònoma de Barcelona
    Universitat Autonoma de Barcelona)

Abstract

The economic development literature in recent years has focused on promoting research with an endogenous growth approach. Yet, economic development is still an unsolved puzzle. This research suggests a sociotechnical subsystems approach to explain that entrepreneurship and innovation can spur economic development through three key factors highlighted in the literature, namely gross domestic product (GDP), the Human Development Index (HDI), and the GINI coefficient. The results show that economic development can be explained from a sociotechnical subsystems approach, where entrepreneurship and innovation are the keys to economic development through significant effects of GDP, the HDI, and the GINI coefficient.

Suggested Citation

  • Diego Gomez & Sebastian Aparicio & David Urbano, 2023. "A Sociotechnical Approach to Economic Development: The Role of Entrepreneurship and Innovation," Springer Books, in: Driving Complexity in Economic Development, chapter 12, pages 367-414, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-34386-5_12
    DOI: 10.1007/978-3-031-34386-5_12
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