| Title |
Technology-based ventures and sustainable development: Cointegrating and causal relationships with a panel data approach |
| ID_Doc |
65854 |
| Authors |
Khefacha, I; Belkacem, L |
| Title |
Technology-based ventures and sustainable development: Cointegrating and causal relationships with a panel data approach |
| Year |
2016 |
| Published |
Journal Of International Trade & Economic Development, 25.0, 2 |
| 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. |
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