Impact of technology entrepreneurship on the growth quality index: A dynamic panel ARDL approach

To advance sustainable development, it is essential to understand how technological entrepreneurship shapes not only the pace but also the quality of economic growth. Accordingly, this study examines its multidimensional effects on growth quality. By combining indicators from the Global Entrepreneurship Monitor with a composite index of growth quality (TOPSIS method), and using data from 49 countries (2005–2018), the study highlights a significant regional heterogeneity in the effect of entrepreneurship. The adoption of technologies appears as a driver of growth-quality, promoting efficiency, and sustainability but potentially deteriorating short-term stability due to creative destruction. Granger causality tests often suggest that the improvement in the quality of growth, especially stability, precedes the development of technological entrepreneurship. The central role of institutional quality and macroeconomic stability is emphasized, implying that innovative economies must strengthen their entrepreneurial ecosystem, while less advanced economies must first consolidate their institutions.