Influence of medical technology on entrepreneurial intention -evidence from China household survey

Chuanzhen Wu () and Yunping Liu ()
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Chuanzhen Wu: College of Economics and Finance, Huaqiao University, Quanzhou, Fujian, 362021, China
Yunping Liu: College of Economics and Finance, Huaqiao University, Quanzhou, Fujian, 362021, China.

Economics Bulletin, 2023, vol. 43, issue 4, 1842 - 1852

Abstract: This study empirically examines the relationship between medical technology and entrepreneurial intention. We use the panel data from the yearbooks of China Household Finance Survey (CHFS) and China Health Commission, and employ the fixed-effect regression with instrumental variables to reduce endogenous bias. This study reveals the bidirectional causality between medical technology and entrepreneurial intention. We emphasize that medical technology advancements can significantly stimulate entrepreneurial intentions, providing a new economic-boosting perspective for researchers. The results suggest to take economic benefits of the medical technology into account during policy making.

Keywords: business environment; entrepreneurship; medical advancement (search for similar items in EconPapers)
JEL-codes: I1 M2 (search for similar items in EconPapers)
Date: 2023-12-30
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