Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations
Abstract Entrepreneurship plays a crucial role in driving economic growth and development, and understanding the factors that shape entrepreneurship is essential. This research paper aims to investigate the factors influencing entrepreneurship development in South Asian countries by analyzing the ro...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2025-04-01
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| Series: | Journal of Innovation and Entrepreneurship |
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| Online Access: | https://doi.org/10.1186/s13731-025-00512-w |
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| author | Emon Kalyan Chowdhury |
| author_facet | Emon Kalyan Chowdhury |
| author_sort | Emon Kalyan Chowdhury |
| collection | DOAJ |
| description | Abstract Entrepreneurship plays a crucial role in driving economic growth and development, and understanding the factors that shape entrepreneurship is essential. This research paper aims to investigate the factors influencing entrepreneurship development in South Asian countries by analyzing the role of institutional quality, technological innovation, social capital, economic growth, trade openness, and cultural values. The study utilizes panel data from various sources covering the period from 2010 to 2023. Statistical models such as Pedroni panel cointegration test, regression analysis, and the two-step system generalized method of moments are applied for analysis. The major findings of the study reveal that economic growth, institutional quality, financial development, technological innovation, foreign direct investment, social capital, trade openness, and cultural values significantly influence entrepreneurship development in South Asian countries. This study recommends promoting sustainable economic growth, improving access to finance for entrepreneurs, enhancing institutional quality, fostering technological innovation and knowledge transfer, supporting social capital networks, promoting trade diversification, and aligning cultural values with entrepreneurship development to provide a conducive environment for entrepreneurship and facilitate economic growth and development in South Asian countries. |
| format | Article |
| id | doaj-art-fa480d57a3574d41aa24ea792bd35f18 |
| institution | OA Journals |
| issn | 2192-5372 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Journal of Innovation and Entrepreneurship |
| spelling | doaj-art-fa480d57a3574d41aa24ea792bd35f182025-08-20T02:10:54ZengSpringerOpenJournal of Innovation and Entrepreneurship2192-53722025-04-0114113010.1186/s13731-025-00512-wDrivers of entrepreneurship development in South Asia: empirical insights and policy recommendationsEmon Kalyan Chowdhury0CIU Business School, Chittagong Independent UniversityAbstract Entrepreneurship plays a crucial role in driving economic growth and development, and understanding the factors that shape entrepreneurship is essential. This research paper aims to investigate the factors influencing entrepreneurship development in South Asian countries by analyzing the role of institutional quality, technological innovation, social capital, economic growth, trade openness, and cultural values. The study utilizes panel data from various sources covering the period from 2010 to 2023. Statistical models such as Pedroni panel cointegration test, regression analysis, and the two-step system generalized method of moments are applied for analysis. The major findings of the study reveal that economic growth, institutional quality, financial development, technological innovation, foreign direct investment, social capital, trade openness, and cultural values significantly influence entrepreneurship development in South Asian countries. This study recommends promoting sustainable economic growth, improving access to finance for entrepreneurs, enhancing institutional quality, fostering technological innovation and knowledge transfer, supporting social capital networks, promoting trade diversification, and aligning cultural values with entrepreneurship development to provide a conducive environment for entrepreneurship and facilitate economic growth and development in South Asian countries.https://doi.org/10.1186/s13731-025-00512-wSouth AsiaEntrepreneurship developmentTechnological innovationInstitutional qualityFinancial developmentPanel data |
| spellingShingle | Emon Kalyan Chowdhury Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations Journal of Innovation and Entrepreneurship South Asia Entrepreneurship development Technological innovation Institutional quality Financial development Panel data |
| title | Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations |
| title_full | Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations |
| title_fullStr | Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations |
| title_full_unstemmed | Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations |
| title_short | Drivers of entrepreneurship development in South Asia: empirical insights and policy recommendations |
| title_sort | drivers of entrepreneurship development in south asia empirical insights and policy recommendations |
| topic | South Asia Entrepreneurship development Technological innovation Institutional quality Financial development Panel data |
| url | https://doi.org/10.1186/s13731-025-00512-w |
| work_keys_str_mv | AT emonkalyanchowdhury driversofentrepreneurshipdevelopmentinsouthasiaempiricalinsightsandpolicyrecommendations |