Empowering Sustainable Growth: The Critical Role of Entrepreneurial Frameworks in Development

Recent global crises have pressured economies, leading to lower consumption and higher unemployment, where entrepreneurship has emerged as a key solution, encouraging creativity, innovation, and job creation. This study rigorously validates a model examining the intricate relationships among entrepreneurial framework conditions, employment, unemployment, business density, and sustainable development, with the objective of uncovering scientifically compelling insights that drive impactful advancements in sustainable economic ecosystems. Structural equation modeling was used to validate the model and examine variable relationships. Findings indicate that entrepreneurial framework conditions significantly influence employment and reduce unemployment, highlighting the essential role of supportive business environments in job creation and economic resilience. Additionally, the research underscores the importance of business density in achieving sustainable development outcomes. The study highlights the need for targeted government policies to support financial incentives, streamline regulations, and integrate entrepreneurial education, providing guidance for fostering economic growth, reducing unemployment, and achieving sustainable development.

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Publication Details

Journal
Procedia Computer Science
Published
2025-01-01
DOI
https://doi.org/10.1016/j.procs.2025.07.039
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
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article

Empowering Sustainable Growth: The Critical Role of Entrepreneurial Frameworks in Development

Pantoja-Díaz Odette, Vásquez-Peñafiel María-Stefanie, Behravesh Shirley-Ann, Mićunović Nikola
Procedia Computer Science
Innovation and Socioeconomic Development
article

Empowering Sustainable Growth: The Critical Role of Entrepreneurial Frameworks in Development

Pantoja-Díaz Odette, Vásquez-Peñafiel María-Stefanie, Behravesh Shirley-Ann, Mićunović Nikola
article en

Abstract

Recent global crises have pressured economies, leading to lower consumption and higher unemployment, where entrepreneurship has emerged as a key solution, encouraging creativity, innovation, and job creation. This study rigorously validates a model examining the intricate relationships among entrepreneurial framework conditions, employment, unemployment, business density, and sustainable development, with the objective of uncovering scientifically compelling insights that drive impactful advancements in sustainable economic ecosystems. Structural equation modeling was used to validate the model and examine variable relationships. Findings indicate that entrepreneurial framework conditions significantly influence employment and reduce unemployment, highlighting the essential role of supportive business environments in job creation and economic resilience. Additionally, the research underscores the importance of business density in achieving sustainable development outcomes. The study highlights the need for targeted government policies to support financial incentives, streamline regulations, and integrate entrepreneurial education, providing guidance for fostering economic growth, reducing unemployment, and achieving sustainable development.

Procedia Computer ScienceVol. 263
University of Donja Gorica (ME), Universidad Internacional del Ecuador (EC), Arizona State University (US)
Decent work and economic growth
Openalex Percentile: Top 62%
Innovation and Socioeconomic Development
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Empowering Sustainable Growth: The Critical Role of Entrepreneurial Frameworks in Development — Pantoja-Díaz Odette, Vásquez-Peñafiel María-Stefanie, et al. · Procedia Computer Science (2025) | TGRS Research Map | TGRS