The relationship between social entrepreneurship and sustainable development from economic growth perspective: 15 ‘RCEP’ countries

ABSTRACT

Social entrepreneurship plays a role in sustainable development to value creation, delivering and capturing, in this article, researchers attempted to find the nature of the relationships between the sustainable development and its latent variables, and how can these variables effect on sustainable development. Two models were used to estimate the relationships mentioned before, structural equation model and bidirectional causality model, in the case of 15 the regional comprehensive economic partnership (RCEP) countries that are home to nearly a third of the world's population, and account for 29% of GDP. The study found some interesting results which consistence with the results of previous studies in this field, like that there has a positive relationship between the social entrepreneurship and sustainable development, and positive relationship between the innovations and sustainable development and in the regard of the institutions variable, the study also found that there is an indirect effect on innovation.

KEYWORDS:

• Social entrepreneurship
• sustainable development
• institutions
• innovation
• RCEP

SUBJECT CLASSIFICATION CODES:

• G20
• G21

Disclosure statement

No potential conflict of interest was reported by the author(s).

Correction Statement

This article has been republished with minor changes. These changes do not impact the academic content of the article.