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

Bladimir de la Hoz-Rosales, José A. Camacho-Ballesta, Ignacio Tamayo-Torres
2019 Entrepreneurship and Sustainability Issues  
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,
more » ... 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 Reference to this paper should be made as follows: De la Hoz-Rosales, B.; Camacho, J.; Tamayo, I. 2019. Effects of innovative entrepreneurship and the information society on social progress: an international analysis, Entrepreneurship and Sustainability Issues 7(2): 782-813. http://doi.org/10.9770/jesi.2019.7.2(1) JEL Classifications: O14, O31, M13; D83; L886 Additional disciplines: Information and Communication ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2019 Volume 7 Number 2 (Decembre) http://doi.org/10.9770/jesi.2019.7.2(1) ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2019 Volume 7 Number 2 (Decembre) http://doi.org/10.9770/jesi.2019.7.2(1) ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2019 Volume 7 Number 2 (Decembre) http://doi.org/10.9770/jesi.2019.7.2(1) ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2019 Volume 7 Number 2 (Decembre) http://doi.org/10.9770/jesi.2019.7.2(1) 813 Bladimir DE LA HOZ ROSALES holds a master's degree in Business Development and is currently a professor at the University of Magdalena, Colombia. His research focuses on human development, entrepreneurship, and information and communication technologies. Ignacio TAMAYO TORRES holds a PhD in Management and is currently a Professor in the Management Department of the University of Granada, Spain. He has authored several journal articles on technology analysis and strategic management. His research focuses on strategic management, corporate social responsibility, and human development. ORCID ID: https://orcid.org/0000-0003-3823-6484 Register for an ORCID ID: https://orcid.org/register
doi:10.9770/jesi.2019.7.2(1) fatcat:v2awmo3a5jgxnkvo5gqjk3bhwu