| Title |
Technology-Based Ventures and Sustainable Development: Co-integrating and Causal Relationships with a Panel Data Approach |
| ID_Doc |
65837 |
| Authors |
Khefacha, I; Belkacem, L |
| Title |
Technology-Based Ventures and Sustainable Development: Co-integrating and Causal Relationships with a Panel Data Approach |
| Year |
2014 |
| Published |
|
| DOI |
|
| Abstract |
The aim of this paper 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 (VECM). It covers a sample of 13 countries which participated in the Global Entrepreneurship Monitor studies during the period 2002-2012. Building on a theoretical background that consider 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 co-integrating relationships in panel data. The results support the idea that Total Entrepreneurship Activity related to the technology sector leads to improved the sustainability of a nation in the long run. More importantly, this 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. |
| Author Keywords |
Technology entrepreneurship; Sustainable economic growth; GEM; Vector Error Correction Model |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000339308100069 |
| WoS Category |
Business; Economics; Environmental Studies; Regional & Urban Planning |
| Research Area |
Business & Economics; Environmental Sciences & Ecology; Public Administration |
| PDF |
|