Open AccessENTREPRENEURSHIP FOR SUSTAINABLE SOCIOECONOMIC DEVELOPMENT: CAN CHINA-PAKISTAN ECONOMIC CORRIDOR PLAY ITS ROLE?
Author(s) -
Chin Tee Suan,
Anwar A. Khan,
Muhammad Anwar
Publication year - 2022
Publication title -
gomal university journal of research
Language(s) - English
Resource type - Journals
eISSN - 2708-1737
pISSN - 1019-8180
DOI - 10.51380/gujr-38-01-02
Subject(s) - socioeconomic status , entrepreneurship , structural equation modeling , socioeconomic development , cronbach's alpha , sustainable development , china , economic growth , business , socioeconomics , geography , political science , environmental health , economics , population , medicine , health care , statistics , mathematics , archaeology , finance , law
This study aims to establish a link between entrepreneurship and sustainable socioeconomic development of Pakistan through the contributory role of China-Pakistan Economic Corridor (CPEC). Using cross-sectional research design, data were collected through self-administered questionnaire from sample of 358 entrepreneurs. Data validity was determined by exploratory and confirmatory analyses and reliability through Cronbach Alpha. The linkages amid entrepreneurship and sustainable socioeconomic development were determined by using Structural Equation Modeling. Results indicatedthat over CPEC, local entrepreneurs’ entrepreneurial attitude and potential have improved and, entrepreneurship was significantly associated with entrepreneurship and sustainable socioeconomic development of Pakistan, whereas the impact of CPEC had partially mediated association between Entrepreneurship and Sustainable Socioeconomic Development. CPEC has stimulated the entrepreneurial growth in Pakistan by directing the local entrepreneurs of Pakistan in a novel way to enter the Asian markets, thus helping them to contribute towards the entrepreneurship and sustainable socioeconomic development of Pakistan.