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Entrepreneurship' sustainability of the popular and solidarity economy in Ecuador

Year: 2024

Type: article

Abstract: The popular and solidarity economy (PSE) plays a vital role in the economic and social development of Ecuador, fostering inclusion, employment, and the sustainability of local economies. This study aims to develop an index that assesses the sustainability levels of PSE organizations in Ecuador by evaluating several factors, including organizational processes, productivity, innovation, income generation, democracy, cooperation, and environmental practices. Using data from the Unique Registry of PSE Organizations in Ecuador, we employ Variational Autoencoders (VAE) network for modeling, combined with a Bayesian optimization process and K-means clustering to categorize sustainability levels by province. Findings indicate a high level of sustainability in Santa Elena, Pastaza, and Guayas, although challenges remain in terms of innovation and environmental practices. This research provides a framework for policy interventions designed to enhance sustainable growth within the PSE sector in Ecuador.

Source: Regional Science Policy & Practice

DOI: 10.1016/j.rspp.2024.100154

Authors: Marcela Guachamín, Roberth Rodríguez, Vicente Mejía, Oscar García

Institutions: National Polytechnic School, Centro de Investigación y Docencia Económicas

Language: English

Topic: Social and Economic Solidarity

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,596