The Interplay between Digital Entrepreneurship and Sustainable Development in the Context of the EU Digital Economy: A Multivariate Analysis

Abstract

A real challenge for the EU economy and society is to achieve both green and digital transitions in order to tackle the major economic, social and environmental issues faced by EU member states. In this context, digital entrepreneurship, which lies at the intersection of digital technologies and entrepreneurship, has recently benefited from increasing attention both in theoretical and empirical research and in strategic policies. Given these aspects, the aim of this article was to investigate the interrelationship between digital entrepreneurship and productive and innovative entrepreneurship and its impact on the achievement of the Sustainable Development Goals (SDGs) in EU countries. The results of correlation and regression analysis revealed that digital entrepreneurship, which implies productive and innovative entrepreneurial activities, is positively influenced by the degree of a country’s digitalization and, in turn, has a positive impact on the achievement of the SDGs (Total SDGs, SDG 8 and SDG 9). Furthermore, the findings of the principal component analysis and cluster analysis emphasize that there are differences and common features between EU countries in terms of the interrelationship between digital entrepreneurship, digitalization, economic development, national competitiveness and achievement of the SDGs. Therefore, specific measures should be implemented to boost digital entrepreneurship (especially in some central and eastern EU countries) so that this will be the key driver for sustainable development.