Entrepreneurial Technology and Sustainable Growth in Selected African Economies

This study explores the role of global entrepreneurial technology on sustainable economic growth across ten selected African countries from 2004 to 2023. For the data analysis, a Cross-Sectional Augmented Autoregressive Distributed Lag (CS-ARDL) model was used, and results confirmed the presence of a long-run equilibrium association among the series. The long- and short-run model results indicate that entrepreneurial technology, foreign direct investment, and gross capital formation are the leading drivers of economic growth in the period considered. In contrast, financial access, electricity access, and human development indicators showed weak/negative effects, suggesting persistent structural bottlenecks. Similarly, in the short term, the coefficient of lagged GDP shows a positive and highly significant effect, indicating that the persistence of growth from the previous year helps explain both the current and future years' performance. The error correction term (ECM) suggests that sustainable economic growth adjusts back to the long-run equilibrium at a speed of 64% whenever disequilibrium develops. The findings indicate that policymakers should focus on strengthening digital infrastructure, increasing access to finance, enhancing human capital, enacting targeted regulatory measures, and promoting technology-driven entrepreneurship. Adopting these strategies can enable African economies to achieve immediate growth benefits while sustaining long-term development.