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Sustainable Development of Agricultural Entrepreneurship Based on Advanced Agricultural Technologies of Industry 5.0

In: The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution

Author

Listed:
  • Aidarbek T. Gyiazov
  • Salamat U. Astanova
  • Aida M. Ergeshova
  • Elena G. Popkova
  • Angelina I. Seliankina

Abstract

This research aims to explore the ways to effectively implement advanced agricultural technologies of Industry 5.0 to foster the sustainable development of agricultural entrepreneurship. To achieve this goal, the authors developed regression models to assess the sustainable growth of agricultural enterprises leveraging cutting-edge Industry 5.0 technologies in Armenia and Kyrgyzstan. Based on these models, the authors conclude that each country possesses a unique set of effective state regulatory tools for agricultural entrepreneurship, ensuring its sustainable development, and distinct factors related to advanced agricultural technologies of Industry 5.0 that enhance the accessibility and efficacy of these tools. The theoretical contribution of the research findings lies in redefining the sustainable development concept in agricultural entrepreneurship supported by advanced technologies of Industry 5.0 from the perspective of entrepreneurial economics, thereby clarifying the causal relationships involved in state regulation of this sector. Practically, the research results provide a more precise framework for state regulation instruments aimed at stimulating the sustainable development of agricultural entrepreneurship through advanced technologies of Industry 5.0. In both countries, the primary tool is the encouragement of annual growth in agricultural product volumes, though achieved through different means: in Armenia, by increasing the activity in agricultural R&D and enhancing the availability of venture investments to finance the development and implementation of advanced agricultural technologies of Industry 5.0; in Kyrgyzstan, by improving the accessibility of these advanced technologies to support the innovative activities of agricultural entrepreneurs in commercializing them. Additionally, the research identifies the potential for sustainable development of agricultural entrepreneurship based on advanced technologies of Industry 5.0 in Armenia and Kyrgyzstan.

Suggested Citation

  • Aidarbek T. Gyiazov & Salamat U. Astanova & Aida M. Ergeshova & Elena G. Popkova & Angelina I. Seliankina, 2026. "Sustainable Development of Agricultural Entrepreneurship Based on Advanced Agricultural Technologies of Industry 5.0," World Scientific Book Chapters, in: Elena Popkova & Gulnora Abdurakhmanova (ed.), The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, chapter 52, pages 615-629, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789819802920_0052
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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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