The influence of green entrepreneurship on sustainable development in Saudi Arabia: The role of formal institutions

Wafa Alwakid, Sebastian Aparicio*, David Urbano

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

1 Citation (Scopus)

Abstract

This study explores the influence of green entrepreneurial activity on sustainable devel-opment, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship posi-tively contributes to the economic, social, and environmental components of sustainable development during the period 2012–2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encour-age future domestic policies.

Original languageEnglish
Article number5433
JournalInternational Journal of Environmental Research and Public Health
Volume18
Issue number10
DOIs
Publication statusPublished - 19 May 2021

Keywords

  • Entrepreneurship policy
  • Formal institutions
  • Green entrepreneurship
  • Saudi Arabia
  • Sustainable development

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