Sustainable Institutional Entrepreneurial Culture and Innovation For Economic Growth

Oryz  Agnu Dian Wulandari; Desy Apriani; yusuf febriansyah

doi:10.33050/atm.v7i3.2127

Authors

Oryz Agnu Dian Wulandari Universitas Catur Insan Cendekia Cirebon
Desy Apriani Universitas Raharja
yusuf febriansyah Universitas Raharja

DOI:

https://doi.org/10.33050/atm.v7i3.2127

Keywords:

Sustainable, Institutional, EntrePreneurial Culture, Innovation, Economic Growth

Abstract

This article discusses institutional entrepreneurial culture and the enabling factors for sustainable economic growth. This study aims to identify the key factors contributing to institutional entrepreneurial culture development. The research utilizes a qualitative approach, and the results show that an innovative and entrepreneurial culture can enhance a country's long-term economic prosperity. A strong relationship exists between culture, innovation, and long-term economic success. Therefore, it is important to promote an institutional entrepreneurial culture through several factors, such as supporting government policies and programs, developing supporting infrastructure, education, and training, and cooperation between the public and private sectors. This research provides useful insights for policies and interests in the economic sector to promote innovation and entrepreneurship that can enhance economic growth. As such, this article provides important insights for readers interested in developing a sustainable institutional entrepreneurial culture and economic growth.

Downloads

Download data is not yet available.

References

R. Kurniawan and S. Managi, ‘Economic growth and sustainable development in Indonesia: an assessment’, Bulletin of Indonesian Economic Studies, vol. 54, no. 3, pp. 339–361, 2018.

P. E. Prasetyo and N. R. Kistanti, ‘Human capital, institutional economics and entrepreneurship as a driver for quality & sustainable economic growth’, Entrepreneurship and Sustainability Issues, vol. 7, no. 4, p. 2575, 2020.

D. Ş. Armeanu, G. Vintilă, and Ş. C. Gherghina, ‘Empirical study towards the drivers of sustainable economic growth in EU-28 countries’, Sustainability, vol. 10, no. 1, p. 4, 2017.

S. S. Pomi, S. M. Sarkar, and B. K. Dhar, ‘Human or physical capital, which influences sustainable economic growth most? A study on Bangladesh’, Canadian Journal of Business and Information Studies, vol. 3, no. 5, pp. 101–108, 2021.

D. Ş. Armeanu, G. Vintilă, and Ş. C. Gherghina, ‘Does renewable energy drive sustainable economic growth? multivariate panel data evidence for EU-28 countries’, Energies, vol. 10, no. 3, p. 381, 2017.

A. A. Adepoju, A. S. Salau, and A. E. Obayelu, ‘The effects of external debt management on sustainable economic growth and development: lessons from Nigeria’, 2007.

S. Smulders, ‘Environmental policy and sustainable economic growth: an endogenous growth perspective’, De Economist, vol. 143, no. 2, pp. 163–195, 1995.

I. Khan, F. Hou, A. Zakari, and V. K. Tawiah, ‘The dynamic links among energy transitions, energy consumption, and sustainable economic growth: A novel framework for IEA countries’, Energy, vol. 222, p. 119935, 2021.

N. Mughal et al., ‘The role of technological innovation in environmental pollution, energy consumption and sustainable economic growth: Evidence from South Asian economies’, Energy Strategy Reviews, vol. 39, p. 100745, 2022.

Z. Zahoor, I. Khan, and F. Hou, ‘Clean energy investment and financial development as determinants of environment and sustainable economic growth: Evidence from China’, Environmental Science and Pollution Research, pp. 1–11, 2022.

E. Appelbaum, J. H. Gittell, and C. Leana, ‘High-performance work practices and sustainable economic growth’, Champaign, IL: Employment Policy Research Network. http://www. employment policy. org/topic/23/research/highperformance-work-practices-and-sustainable-economic-growth-0 (accessed March 16, 2012), 2011.

A. K. Alhowaish, ‘Is tourism development a sustainable economic growth strategy in the long run? Evidence from GCC countries’, Sustainability, vol. 8, no. 7, p. 605, 2016.

K. I. Carlaw and R. G. Lipsey, ‘Externalities, technological complementarities and sustained economic growth’, Research Policy, vol. 31, no. 8–9, pp. 1305–1315, 2002.

E. Mania and A. Rieber, ‘Product export diversification and sustainable economic growth in developing countries’, Structural change and economic dynamics, vol. 51, pp. 138–151, 2019.

L. Liao, M. Du, B. Wang, and Y. Yu, ‘The impact of educational investment on sustainable economic growth in Guangdong, China: A cointegration and causality analysis’, Sustainability, vol. 11, no. 3, p. 766, 2019.

O. Abdurakhmanov, N. Khashimova, and S. Yuldasheva, ‘Improvement of mechanisms for generation of investment potential in order to ensure sustainable economic growth in Uzbekistan’, in AIP Conference Proceedings, 2022, vol. 2432, p. 030006.

T. P. Soubbotina, Beyond economic growth: An introduction to sustainable development. World Bank Publications, 2004.

C. M. Loser and E. Kalter, ‘Mexico: The strategy to achieve sustained economic growth’, in Mexico, International monetary fund, 1992.

.Goodland, ‘Environmentally sustainable economic development: Building on Brundtland’, 1991.

R. Dietz and D. W. O’Neill, Enough is enough: Building a sustainable economy in a world of finite resources. Routledge, 2013

J. MacNeill, ‘Strategies for sustainable economic development’, Scientific American, vol. 261, no. 3, pp. 154–165, 1989.

E. B. Barbier, ‘The concept of sustainable economic development’, Environmental conservation, vol. 14, no. 2, pp. 101–110, 1987.

S. D. Hunt, ‘Sustainable marketing, equity, and economic growth: a resource-advantage, economic freedom approach’, Journal of the Academy of Marketing Science, vol. 39, pp. 7–20, 2011.

A. G. Awan, ‘Relationship between environment and sustainable economic development: A theoretical approach to environmental problems’, International Journal of Asian Social Science, vol. 3, no. 3, pp. 741–761, 2013.

E. Hysa, A. Kruja, N. U. Rehman, and R. Laurenti, ‘Circular economy innovation and environmental sustainability impact on economic growth: An integrated model for sustainable development’, Sustainability, vol. 12, no. 12, p. 4831, 2020.

T. Jackson, ‘Societal transformations for a sustainable economy’, in Natural Resources Forum, 2011, vol. 35, pp. 155–164.

E. Vosylius, V. Rakutis, and M. Tvaronavičienė, ‘Economic growth, sustainable development and energy security interrelations’, Journal of Security and Sustainability Issues, vol. 2, pp. 5–14, 2013.

D. I. Stern, M. S. Common, and E. B. Barbier, ‘Economic growth and environmental degradation: the environmental Kuznets curve and sustainable development’, World development, vol. 24, no. 7, pp. 1151–1160, 1996.

F. Manzoor, L. Wei, M. Asif, M. Z. ul Haq, and H. ur Rehman, ‘The contribution of sustainable tourism to economic growth and employment in Pakistan’, International journal of environmental research and public health, vol. 16, no. 19, p. 3785, 2019.

A. Arif, M. Sadiq, M. S. Shabbir, G. Yahya, A. Zamir, and L. Bares Lopez, ‘The role of globalization in financial development, trade openness and sustainable environmental-economic growth: evidence from selected South Asian economies’, Journal of Sustainable Finance & Investment, vol. 12, no. 4, pp. 1027–1044, 2022