Effects of innovative entrepreneurship and the information society on social progress: an international analysis

Bladimir de la Hoz-Rosales (), José A. Camacho-Ballesta () and Ignacio Tamayo-Torres ()
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Bladimir de la Hoz-Rosales: University of Magdalena, Colombia
José A. Camacho-Ballesta: University of Granada, Spain
Ignacio Tamayo-Torres: University of Granada, Spain

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 2, 782-813

Abstract: The effects of entrepreneurship and information and communication technology (ICT) on countries’ development have been extensively studied, mainly from the perspective of their contributions to economic growth. However, from the human development paradigm, economic income is only resource helping people satisfy their economic needs. This study provides new evidence to bridge the gap in our understanding of how entrepreneurship and ICT improve the quality of people’s lives. To achieve this goal, we use the capabilities approach as a theoretical framework. The empirical analysis was conducted using ordinary least squares with a sample of countries to provide evidence that innovative entrepreneurship, as measured by the Global Entrepreneurship Monitor, has a positive relationship with human development, as measured by the Social Progress Index. The results show that ICT, as measured by the Networked Readiness Index, is positively related to social progress, indicating that ICT is a tool that helps people improve their ability to lead the life they desire. Finally, we find that ICT boosts the positive effect of innovative entrepreneurship on social progress, and thus, that enhancing ICT, and with it, entrepreneurial innovation activity, improves the quality of life.

Keywords: social progress; information society; information and communication technologies; innovative entrepreneurship; theory of human development (search for similar items in EconPapers)
JEL-codes: D83 L86 M13 O14 O31 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:2:p:782-813

DOI: 10.9770/jesi.2019.7.2(1)

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