The effects of Entrepreneurship and Sectoral Outputs on three Dimensions of Sustainable Development: A Literature Review and an Empirical Assessment for Developed Countries

Sustainable development is the normative objective to follow a development trajectory viable in the long-term by balancing economic, environmental and social needs. There is a shared consensus that entrepreneurship and sectorial outputs are considered as a principal canal to create sustainable products and services and implement new projects that address many environmental and social concerns. Therefore, this paper examines what entrepreneurship and sectoral outputs contribute with regard to sustainability. More precisely, the specific focus of this paper is to examine the influence of entrepreneurship and sectoral outputs on different dimensions of sustainable development. As for the empirical data, they were gathered from a panel of 21 development countries covering the 2001-2016 period. In fact, using the FMOLS technique, the empirical evidence indicates that entrepreneurship and sectoral outputs have a significant positive impact on the economic, ecological and social sustainable development dimensions.