Entrepreneurship and Growth: Evidence from China
Hongbin Li (),
Xianguo Yao and
Discussion Papers from Chinese University of Hong Kong, Department of Economics
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.
JEL-codes: L26 O53 O53 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-dev, nep-ent, nep-fdg, nep-sbm and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed
Downloads: (external link)
http://www.econ.cuhk.edu.hk/dept/staff/jszhang/Ent ... nd_Growth_061009.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:chk:cuhkdc:00022
Access Statistics for this paper
More papers in Discussion Papers from Chinese University of Hong Kong, Department of Economics
Bibliographic data for series maintained by ().