Entrepreneurship, private economy and growth: Evidence from China

被引：71

作者：

Li, Hongbin ^{[2
]}

Yang, Zheyu ^{[1
]}

Yao, Xianguo ^{[3
]}

Zhang, Haifeng ^{[3
]}

Zhang, Junsen ^{[1
]}

机构：

[1] Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China

[2] Tsinghua Univ, Sch Econ & Management, Dept Econ, Beijing 100084, Peoples R China

[3] Zhejiang Univ, Coll Publ Adm, Hangzhou 310003, Zhejiang, Peoples R China

来源：

CHINA ECONOMIC REVIEW | 2012年 / 23卷 / 04期

基金：

中国国家自然科学基金;

关键词：

Entrepreneurship; Economic growth; China; PANEL-DATA; INSIDER PRIVATIZATION; BUSINESS OWNERSHIP; CROSS-SECTION; PERFORMANCE; FERTILITY; CONVERGENCE; INEQUALITY; INNOVATION; TOWNSHIP;

D O I：

10.1016/j.chieco.2012.04.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the impact of entrepreneurship on economic growth by using a panel data set of 29 provinces in China over 20 years. Two indicators of entrepreneurship are defined and introduced into the traditional growth regression framework that is estimated using the system generalized method of moments. We also use the ratio of staff and workers of state-owned enterprises and per capita sown land area as the instrumental variables to identify the causal effect of entrepreneurship on economic growth. Our results suggest that entrepreneurship has a significant positive effect on economic growth and this finding is robust even after we control for other demographic and institutional variables. Our study provides some evidence that may be used as a basis for evaluating the effect of China's policy on private business which has been increasingly relaxed since the late 1970s. (C) 2012 Elsevier Inc. All rights reserved.

引用

页码：948 / 961

页数：14

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