Entrepreneurship and Green Economic Development: A Bibliometric Investigation

Tetyana Pimonenko; Oleksii Lyulyov; Jacek Wodz; Yevheniia Ziabina; Serhii Solodovnikov

doi:10.23762/FSO_VOL13_NO4_1

Published : 2025-12-31

Vol. 13 No. 4 (2025)

Entrepreneurship and Green Economic Development: A Bibliometric Investigation

Tetyana Pimonenko

https://orcid.org/0000-0001-6442-3684

Oleksii Lyulyov

https://orcid.org/0000-0002-4865-7306

Jacek Wodz

https://orcid.org/0000-0001-9198-6466

Yevheniia Ziabina

https://orcid.org/0000-0003-0832-7932

Serhii Solodovnikov

https://orcid.org/0009-0007-0822-098X

DOI: https://doi.org/10.23762/FSO_VOL13_NO4_1

Abstract

Climate change and the depletion of natural resources are driving the search for mechanisms to transition to a sustainable economy, where entrepreneurship plays a key role in driving environmental innovation. Research in this area remains fragmented, making it difficult to identify policy and education priorities. The aim of this study is to conduct a bibliometric analysis of the scientific space of entrepreneurship and green economic development, identifying thematic priorities, publication dynamics, leading scientists and institutions, and the trajectories of evolution in research approaches. The study provides a systematic understanding of the current state of scientific developments, identifies conceptual gaps, and determines promising areas for further research. The methodological basis of the study is the application of bibliometric methods to a sample of 4,190 publications indexed in Scopus for the period from 1993 to 2025. The sample was formed in accordance with the PRISMA protocol. The analysis was performed using VOSviewer software to study the co-occurrence of terms, citations, and co-authorship. From more than 14,000 keywords, 1,000 terms with the highest level of connectivity, occurring at least five times, were selected. This made it possible to identify key conceptual nodes and their interrelationships. Seven thematic clusters and the evolution of priorities, from macroeconomic issues in the 1990s to the 2000s, to specific implementation mechanisms in the 2010s to the 2020s, have been identified. These clusters include entrepreneurial intentions, the circular economy, and sustainable business models. A 10-dimensional model was proposed that integrates institutional, technological, financial, educational, and socio-behavioural dimensions and aligns microeconomic activity with the macro goals of sustainable development. The study contributes to green entrepreneurship theory by linking firm-level entrepreneurial activity with macro-level sustainability objectives. In practical terms, the work provides scientifically sound tools for higher education institutions in developing interdisciplinary programmes, for government agencies in setting priorities for supporting green business, for entrepreneurs in identifying niches in the circular economy and sustainable models, and for investors in assessing the success factors of venture projects, thereby accelerating the transition to a low-carbon economy while maintaining economic efficiency.

Keywords:

green entrepreneurship, sustainable development, green economic development, bibliometric analysis, environmental innovation, circular economy, entrepreneurial intentions.

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Pimonenko, T., Lyulyov, O., Wodz, J., Ziabina, Y., & Solodovnikov, S. (2025). Entrepreneurship and Green Economic Development: A Bibliometric Investigation. Forum Scientiae Oeconomia, 13(4), 8–22. https://doi.org/10.23762/FSO_VOL13_NO4_1

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