Exploring the Impact of Digital Infrastructure and Opportunity-Driven TEA on Economic Development

In this study, we focus on a previously under-researched relationship between digital infrastructure, opportunity-driven total entrepreneurial activity (TEA), and economic development given the recent rapid speed of digital technology adoption. Using a longitudinal data sample of 58 countries over the period 2011-2019 we test a moderated mediation model of the relationships between digital infrastructure and economic development and examine the mediation role of opportunity-driven TEA and moderation role of subjective well-being. We find that digital infrastructure is a critical element contributing directly and indirectly to economic development through opportunity-driven TEA. National levels of subjective well-being amplify the positive impact of opportunity-driven TEA.