Entrepreneurship, Innovation and Economic Growth:The Case of Yangtze River Delta in China

Jianghuai Zheng, Zhining Hu and Jialing Wang

MPRA Paper from University Library of Munich, Germany

Abstract: This paper firstly discusses why the economic growth in the Yangtze River Delta has been slowed down recently and suggests a need totransform the current input-based economic growth pattern into aninnovation-based one. Next, through our theoretical analysis, we find that the change of current economic growth pattern is just the innovative reallocationof production factors, and the new economic growth driven by innovation is mainly initiated by the transmutation of entrepreneurship. Finally, we test our belief with real-world evidence. It shows that the Delta has formed a mechanism in which entrepreneurship and human capital mutually promote each other. However, the interactive relationship between R&D expenditure and entrepreneurship has not been developed in general. In addition, excessive government interventions will do harm to the growth of entrepreneurs and economic development.

Keywords: entrepreneurship; innovation and economic growth pattern (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Date: 2008-01-07
New Economics Papers: this item is included in nep-cna, nep-dev, nep-ent, nep-geo, nep-hrm, nep-knm and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8919

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