Advances in Consumer Research
Issue 2 : 185-192
Original Article
Sustainable Entrepreneurship and Economic Growth: A Review of the Literature and Future Research Directions
 ,
1
Founder rmconservatoire , Associate Professor, Delhi Technological University ( DTU), New Delhi - 110042
2
Student , Sardarpatel Vidyalaya , Lodi Estate , New Delhi - 110003
Abstract

Sustainable: entrepreneurship has become a key solution to the long-term economic development, as it combines the economic performance with the social responsibility and the environmental stewardship. In contrast to the classical entrepreneurship that is profit-oriented (focusing on maximizing profits), sustainable entrepreneurship focuses on value creation at more than one level, such as environmental protection, social equity, and economic resilience. The paper presents a review of the literature available on the relationship between sustainable entrepreneurship and economic growth and discusses theoretical backgrounds of the relationship, empirical evidence and methodologies of the earlier studies of the relationship. The review presents the role of sustainable entrepreneurial activities in creating jobs, innovating, using resources wisely, and inclusive development to deal with the global problems like climate change and social inequality. This study takes a systematic literature review methodology and summarizes peer-reviewed journal articles, reports, and policy-related studies to determine the most important patterns, gaps, and debates in the field. The findings show that there is a positive though contextualized correlation between sustainable entrepreneurship and economic growth which depends on the institutional framework, availability of funding, technology capabilities and policy support. Although the interest has increased, the literature has indicated weaknesses on issues of measurement inconsistencies, regional bias and short-term analytical views. This paper will sum up by providing practical implications of the findings to policy makers, entrepreneurs and researchers presenting limitations of existing research and future research directions to enhance theoretical integration and empirical strength of sustainable entrepreneurship research.

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