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

Diego Gomez, Sebastian Aparicio, David Urbano and Diego Martinez-Moya
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Diego Gomez: Fundación ECSIM
David Urbano: Universitat Autònoma de Barcelona
Diego Martinez-Moya: Fundación ECSIM

Chapter 12 in Driving Complexity in Economic Development, 2023, pp 367-414 from Springer

Abstract: 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.

Keywords: Innovation; Entrepreneurship; Economic development; Sociotechnical subsystem (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-34386-5_12

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DOI: 10.1007/978-3-031-34386-5_12

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